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  1. HKMA says outlook for loan demand clouded by subprime fallout

    Posted Jan 25th 2008, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority said there was some uncertainty in the outlook for loan demand given the potential spillover from the US subprime crisis and concerns about ... risen last year due to subprime-related investments which could affect profitability. However, it said, the asset quality of the banking sector remained good. ...

  2. Negative equity cases drop by 400 in quarter

    Posted Aug 05th 2006, 12:00am by Staff Reporter

    ... Lee Yuk-kei The number of residential properties in negative equity, in which the value is less than the size of the outstanding mortgage, fell by 400 cases for the second quarter from the first as interest rates remained stable. The number of negative equity cases was 8,777 in the second quarter, compared with 9,193 in the first quarter, according to the quarterly survey ...

  3. HK caught between investors' greed and policy-makers' fear

    Posted Sep 06th 2010, 12:00am by Tom Holland

    ... That pushed the one-month Hibor rate back to 0.16 per cent from 0.52 per cent at the end of June. With almost 90 per cent of mortgages now priced against Hibor rather than the less volatile prime lending rate, the renewed fall has ensured that monthly mortgage service payments remain attractively affordable despite the recent increase in property prices. Yet if plentiful liquidity and low ...

  4. US rescue needs regulation to succeed, says Yam

    Posted Mar 25th 2009, 12:00am by Staff Reporter

    ... trillion in illiquid mortgage assets and mortgage-backed securities that are hindering economic recovery in the US. 'The direction is right. The government has the responsibility to ensure ... mechanism in certain financial sectors, adding the subprime loan crisis would not recur if measures such as barring banks from lending more than 70 per cent of a property's value were enacted. ...

  5. Yam cautious on outlook for 'difficult' year

    Posted Jan 22nd 2008, 12:00am by Staff Reporter

    ... prudent in bond investment and didn't hold any subprime investment,' Mr Yam said, while attributing the strong performance of bonds to the intensifying US subprime mortgage crisis, which ... this year would be even more challenging as financial markets have dipped in the first two weeks of the year on deepening concern over subprime woes. 'Market sentiment could deteriorate even ...

  6. HSBC shifts focus to Asia after North America slows profit rise

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank sees 4.7pc gain to US$15.8b after bad loan charges surge HSBC Holdings says it will focus on Asia and emerging markets after the performance of its sub-prime mortgage ... of the group's bad debt provision. Mortgage services took up about 32 per cent of North America's provision. Shares of HSBC closed 2.49 per cent lower at HK$133 in Hong Kong yesterday. Group ...

  7. StanChart lifts profit 24.9pc to record US$2.8b

    Posted Feb 27th 2008, 12:00am by Staff Reporter

    ... Maria Chan Robust growth in most of Standard Chartered's key markets offset impairment charges of US$300 million in indirect subprime exposure to boost the lender's net profit ... of US$1.19 billion, up 34 per cent from a year ago. The bank reported limited indirect exposure to United States subprime assets of less than US$6 billion, having made a write-down of US$300 million ...

  8. HKMA puts new limits on home mortgages

    Posted Jun 11th 2011, 12:00am

    ... Enoch Yiu and Yvonne Liu The Hong Kong Monetary Authority tightened home lending for properties priced above HK$6 million and, for the first time, imposed extra restrictions on mortgages ... real estate market. It is the fourth time the authority has tightened mortgage policies since October 2009, but previous measures mainly focused on the luxury end of the market. This time ...

  9. Prices seen falling if mortgage rates climb

    Posted May 20th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Residential property prices in Hong Kong could drop as much as 15 per cent if mortgage rates increase 2 percentage points over the next 12 months, according to a brokerage. 'We've already seen the lowest mortgage rates and rates have started climbing,' said Adrian Ngan Wai-hung, MF Global's property research head ...

  10. Hang Lung profit rises 26pc on strong growth in rents

    Posted Aug 16th 2007, 12:00am by Sandy Li

    ... due to the troubled subprime mortgage market in the United States. 'But it will not have a long-term significant impact on Hong Kong. We do not care about short-term market ...




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