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  1. Fitch cuts HK growth forecast to 4.4pc on subprime, oil concerns

    Posted Feb 21st 2008, 12:00am by Enoch Yiu

    ... the strong stock market, which will offset the provisions made for the subprime mortgage-structured products.' The hardest-hit lender would be Citic Ka Wah Bank, but its ultimate parent, Citic ... Enoch Yiu Fitch Ratings yesterday cut its estimate of Hong Kong's economic growth this year to 4.4 per cent from 5.3 per cent due to a host of factors ranging from the subprime ...

  2. Yam warns of subprime fallout

    Posted Sep 07th 2007, 12:00am by Staff Reporter

    ... Maria Chan Hong Kong's banking sector may not suffer any systemic risk from the US subprime mortgage problem but that is no reason to be complacent, the Hong Kong Monetary Authority warned yesterday. 'The outcome of the US sub-prime mortgage problem and its effect on the global economy are still unpredictable,' said Joseph Yam Chi-kwong, the chief executive ...

  3. 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. ...

  4. Mainland pushes securitisation despite subprime turmoil

    Posted Nov 01st 2007, 12:00am by Cary Huang

    ... Cary Huang in Beijing The mainland will go ahead with plans to introduce securitisation despite the turbulence triggered by the meltdown in US subprime mortgages, People's Bank ... the country from the fallout from the US subprime mortgage crisis. The country has been slow to adopt securitisation with only four deals since the market was launched in late 2005. A recent Goldman ...

  5. Banks pass subprime stress test, says HKMA

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

    ... the hypothetical shocks,' the monetary authority said in a report. The HKMA said the major hit to the banking sector from the US subprime mortgage problem would come from the contagious effect on Hong ... a stress test on the loan portfolios of retail banks after the subprime mortgage problem arose. In a worst-case scenario, the study assumed two consecutive quarters of recession in the US, leading ...

  6. BOCHK net beats market forecast despite impact of mortgage crisis

    Posted Mar 26th 2008, 12:00am by Staff Reporter

    ... provisions for its United States subprime investments. The local mortgage lender said net profit rose 10.3 per cent to HK$15.45 billion from HK$14.01 billion in 2006. Analysts polled by Thomson Financial had been expecting a net profit of HK$14.43 billion. Despite the bullish numbers, the bank surprised the market yesterday by disclosing HK$1.25 billion in write-downs on its subprime ...

  7. Target tarnished as subprime fallout spreads, say analysts

    Posted Oct 09th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu China Minsheng Banking Corp is paying a reasonable price for a 9.9 per cent stake in US-based UCBH Holdings, but the deal is tarnished by the subprime mortgage crisis, ... Capital Bancorp, 2.49 times. 'The deal is making sense strategically with Minsheng's vision in trade finance business. But it is not attractive at all considering the current US subprime ...

  8. Subprime crisis will hit us all; hope for a soft landing

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

    ... equivalent to 1 per cent of US gross domestic product. Mr Bush hopes it will help revive an economy where consumer spending- already eroded by the collapse of the market for subprime mortgages ...

  9. Banking system still sound, but caution advised

    Posted Feb 06th 2008, 12:00am by Staff Reporter

    ... Maria Chan Bad loans could rise at some Hong Kong banks as the impact of the subprime crisis ripples through the economy and financial markets, but overall, the city's banking system ... in 2006. But this could climb if bank clients were hit by a slowdown in the United States due to the subprime crisis. Mr Choi said it was difficult to predict what the bad-debt ratio would ...

  10. HK market joins Asian rebound

    Posted Mar 16th 2007, 12:00am by Staff Reporter

    ... waning fears over the sub-prime mortgage debt crisis in the United States. The Hang Seng Index rose 0.7 per cent to close 132.51 points higher at 18,969.44. However, it lagged gains elsewhere ... Sing-hing, an associate director at Tung Tai Securities. 'The worry over the US sub-prime loan problem may be overdone as sub-prime mortgages account for a small fraction of the total US home ...




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