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  • October 22, 2014
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  1. Techtronic taps banks for loan refinancing

    Posted Jun 09th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun Techtronic Industries, the maker of Ryobi power tools, is revisiting the debt market to raise a three-year syndication loan to refinance a borrowing drawn in 2005. HSBC ... die-casting machine manufacturer, was also arranging a HK$500 million syndication loan to fund expansion, bankers said. HSBC is also leading the transaction. ...

  2. Banks eye new mortgage concept

    Posted Jan 12th 2005, 12:00am by Peggy Sito

    ... in mortgages to the city as a fierce residential loans market forces them to think of innovative products. Balloon mortgages, which allow homebuyers to repay the lump sum of a loan at the end ... Kong banks is 2.8 per cent below prime. Borrowers who opt for a balloon mortgage only have to repay the principal at the end of the loan period. Their instalments merely pay off the interest ...

  3. StanChart hires Radian as new mortgage underwriter

    Posted Jan 25th 2005, 12:00am by Staff Reporter

    ... agreed to an alliance with Philadelphia-based Radian Group, a credit enhancement provider to financial and capital markets, to offer insurance cover for mortgages with a loan to value ratio ... Kong Monetary Authority when it first raised the loan-valuation ratio limit to above 70 per cent in 1999. News of Standard Chartered's search for a new mortgage insurance underwriter ...

  4. Bank reports on asset quality keenly awaited

    Posted Jul 28th 2010, 12:00am by Staff Reporter

    ... by regulators into loans to local government financing vehicles. Concerns are escalating over the lending to these vehicles, which accounted for 30 per cent to 35 per cent of the 14.2 trillion yuan (HK$16.26 trillion) of new loans disbursed over the past 18 months. The vehicles were set up to facilitate the funding needs of local governments because legally they are not allowed to secure bank ...

  5. HK shares rebound after rescue of mortgage giants

    Posted Sep 09th 2008, 12:00am by Nick Westra

    ... after the US Treasury threw another lifeline to the country's failing housing market by taking over giant mortgage providers Fannie Mae and Freddie Mac. The news announced on Sunday sent ... the highest in more than three weeks. Investors were in a buying mood after US Secretary of the Treasury Henry Paulson unveiled a rescue plan that guarantees each of the troubled mortgage providers up ...

  6. HKMC to pay first dividend of $250m

    Posted Apr 13th 2005, 12:00am by Louis Beckerling

    ... But with banks reluctant to sell interest-earning home loans during the year, the HKMC went in search of alternative revenues, placing surplus funds on the money market, selling mortgage insurance, and earning fee income on mortgage-backed securities, Mr Lau said. And he flagged further changes to the corporation's original remit- to inject liquidity into the home loan market by buying ...

  7. HKMC unlikely to think of listing, chief says

    Posted Sep 12th 2009, 12:00am by Staff Reporter

    ... mortgage loans from banks to be repackaged as mortgage-backed securities. The aim is to reduce banks' exposure to property. But the firm has been criticised in recent years for buying ... this year. However, the company's outstanding loan portfolio fell 7 per cent to HK$47.2 billion in the first half from the end of last year, even though it bought HK$5.2 billion in mortgage ...

  8. More victims to fall into negative-equity trap

    Posted Feb 11th 2009, 12:00am by Sandy Li

    ... Cheung Kong sold 2,000 units at the development last year. Paul made a 30 per cent down payment and raised a 70 per cent mortgage loan to fund the balance of the purchase price. In the 11 months ... in the report. Analysts said signs of rising mortgage rates and rising unemployment rates would also dent housing demand. Mr Louie said last October's increase in rates for new mortgage loans would ...

  9. Ah Pak

    Posted May 27th 2009, 12:00am by Sandy Li

    ... happier lending to property buyers rather than to small and medium-sized enterprises.' Homebuyers came first in the loan queue, the banker added, because it was easier to process a mortgage ... No surprise then that credit-worthy homebuyers have little trouble raising loans in today's market. During the weekend, Ah Pak counted more than 20 banks offering mortgage loans for the upcoming ...

  10. Banks to stay cautious on lending, says Wong

    Posted Jan 05th 2009, 12:00am by Staff Reporter

    ... such as unsecured lending or personal loans, Mr Wong said. But there was less chance that mortgage rates might be increased, he said. Banks have been widely criticised for withholding credit because ... Maria Chan Higher rates for risky loans on cards as lenders watch costs Hong Kong banks are likely to maintain a cautious approach to making new loans for at least the first quarter ...




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