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  1. HSBC accused of undervaluing subprime mortgage bonds

    Posted Oct 20th 2007, 12:00am by Staff Reporter

    ... HSBC Holdings is being sued by a US real estate fund for allegedly deliberately undervaluing the market price of several subprime mortgage bonds, the Wall Street Journal reported ... office placed an improperly low valuation on nine subprime mortgage bonds, which were being sold by the fund's subsidiaries in return for loans. Pierre Goad, an HSBC spokesman in London, ...

  2. Subprime write-downs weigh on bonuses

    Posted Dec 31st 2007, 12:00am by Staff Reporter

    ... as write-downs from subprime investments offset a historical high in fee incomes at international and regional houses operating in Asia. In an industry that moves funds around globally, the region ... US$96 billion from investment in credit markets this year, mostly in mortgages. They are desperately seeking funds to get back on solid financial footing. Merrill Lynch, the third-largest ...

  3. Workplace investment on the rise

    Posted May 31st 2011, 12:00am

    ... Keith Chan While property investment on the mainland cooled sharply in the first quarter, as a result of government measures and the effect of Lunar New Year holidays, investment in the office market continued to grow at a brisk pace, DTZ says. According ...

  4. Comment - Insight & Opinion - LEADER

    Oi Wah Pawnshop could be a sign of the times

    Posted Mar 14th 2013, 12:00am by SCMP Editorial

    ... enjoy a discounted prime rate of around 2.2 per cent these days. All this sounds like the Hong Kong version of subprime mortgage lending. Let's just hope it won't all end in tears ... But the share price plunged almost 7 per cent yesterday as the broader markets fell. Oi Wah, in business for 37 years, recently transformed when it started mortgage lending in 2009, just when ...

  5. Emerging markets guru Mobius sticks to the big picture

    Posted May 15th 2008, 12:00am by John Cremer

    ... of Asia 'decoupling' from the slowing US economy. While there might be a delayed impact from the subprime crisis, the concerns had generally been 'overdone'. 'Countries ...

  6. Alarm sounded on repossessions with lax loans

    Posted Jul 11th 2007, 12:00am by Richard Warren

    ... Richard Warren in London Repossessions of investment properties will rise if lending criteria is not tightened, Britain's largest specialist buy-to-let mortgage broker has warned. According to Lee Grandin, managing director of Landlord Mortgages, mortgage lenders are handing out 100 per cent loans to 'novice' property investors who will struggle to cover mortgage ...

  7. Fund sales fall as investors fret about global outlook

    Posted Jun 16th 2006, 12:00am by Staff Reporter

    ... Cameron Dueck Hong Kong's fund industry saw a drop in sales in April with investors pulling US$16.98 million out of funds in the market's first net outflow since December. Hong Kong Investment Funds Association (HKIFA) data showed gross April sa ...

  8. Ask our experts

    Posted Mar 05th 2012, 12:00am

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com The panel addresses vexing questions of investor interest: Mark Leahy (head of debt origination and fixed income syndicate, Asia ex-Japan, Nomura) is asked: has a reduction in the rate of appreciation of th ...

  9. MPF accounts hit hard in August

    Posted Sep 06th 2011, 12:00am

    ... Neil Gough and Enoch Yiu The 2.54 million Hong Kong employees with government-mandated retirement accounts lost HK$5 for every HK$100 in their portfolios last month, data from Thomson Reuters' Lipper unit shows. A rout in global equities last month s ...

  10. Mainland faces foreign cash squeeze

    Posted Aug 22nd 2007, 12:00am by Sandy Li

    ... Sandy Li Investment funds may slow after US subprime mortgage crisis prompts rethink on risk Foreign investment flows into mainland prime residential and commercial property developments ... the interest rate it charges commercial banks for credit lines by a half percentage point to 5.75 per cent. The move was intended to allay fears that defaults in the subprime mortgage market in the US ...




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