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  • September 17, 2014
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  1. Tightening measures knock China's banks off-balance

    Posted Aug 30th 2011, 12:00am

    ... Tom Holland The pain may not show yet, but China's banks are hurting. As part of its continuing struggle to mop up liquidity and contain inflation, last Friday the People's Bank of China ordered the country's banks to set aside another 900 ...

  2. Funds claw back their losses

    Posted Sep 27th 2007, 12:00am by Staff Reporter

    ... as the global market rebounded from a slump triggered by the United States subprime mortgage crisis. China Construction Bank said its Haiying No1 fund reported a per-unit net asset value of 1.0148 yuan as of September 20, recovering the losses amid the global market slump in August caused by the subprime turmoil. Haiying No1 quoted 95.34 fen per unit on August 14, translating to a loss of 4.66 per cent ...

  3. Banks told to ensure lending for small firms

    Posted Mar 15th 2008, 12:00am by Carol Chan

    ... Carol Chan in Beijing The mainland banking regulator has asked lenders to keep credit available for small firms, easing worries that the tightening monetary policy will drive them out of business. Wang Zhaoxing, vice-chairman of China Banking Regulatory C ...

  4. Loan procedures tightened

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... Smarting from bad loans to companies linked to troubled Greencool Technology Holdings, Bank of Communications (Bocom) vowed to tighten lending procedures for such borrowers. Announcing its maiden results as a listed company, the mainland's fifth-larg ...

  5. Asia Financial expects underwriting growth

    Posted Sep 20th 2008, 12:00am by Staff Reporter

    ... investments combined. The company said it had no significant direct exposure to United States subprime mortgages and similar investments. It also said it did not hold any bonds issued by collapsed ...

  6. Funds out of favour amid market dip

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

    ... Mr Ng said. Having said that, fund houses still sold US$45.55 billion worth of products last year, up 87.1 per cent from a year earlier. In recent months, investors spooked by the subprime mortgage crisis and resulting economic slowdown in the United States as well as dimmer business prospects in Europe, have been looking to Asian markets for growth. 'Investors still believe ...

  7. Investors take cautious route

    Posted May 04th 2008, 12:00am by Amanda Lee

    ... The ongoing US subprime mortgage crisis leads fund managers to focus on companies with lower risk profiles, writes Amanda Lee Fund managers say there has been no panic selling from investors despite the market's volatility over the past few months. Money market funds in the United States, exposed to the subprime mortgage, recorded losses at the end of last year, ...

  8. Prudence says hedge your bets

    Posted Mar 27th 2008, 12:00am by Amanda Lee

    ... of the subprime mortgage crisis drew headlines last year, asset management firms Man Investments and Permal said that they did not receive an increase of redemption requests from nervous investors who ... to date. The fund had a return of 3 per cent last month year-to-date. Ms Tse said that despite the months of subprime which prompted liquidity problems with some hedge fund managers, Permal had ...

  9. Warning Signs

    Posted May 04th 2008, 12:00am by Amanda Lee

    ... are turning neutral on these markets. 'For example, we have seen a lot of technical selling in the commodities market by hedge funds to cover their losses in other markets related to subprime mortgages,' said Fritz Man, head of investment consulting sales, North Asia at Sarasin Rabo Investment Management. Many investment banks have developed new commodities indices to tap demand to replace ...

  10. Lai See

    Posted May 10th 2011, 12:00am

    ... citizens to evade taxes. But Goldman's is hard to beat for that egregious deal in 2007 in which it created and sold CDOs linked to subprime mortgages to one client without disclosing ...




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