Bank Borrowings

Yuan deposits set to leap to one trillion by end of 2013

Just 13 per cent of Hong Kong's pool of 600 billion yuan in deposits was lent out last year. Photo: AFP

The pool of yuan deposits in Hong Kong rose 5.6 per cent last month from November to 603 billion yuan. It has surged from less than 100 billion yuan in 2009 and peaked at 627 billion yuan in November 2011.

Friday, 1 February, 2013, 5:22am

Beijing vows to cut taxes, limit local borrowing

The Ministry of Finance pledged to offer greater support to job-creating small companies through tax and fee cuts, to regulate local government borrowings and to maintain a reasonable size of central government investment in infrastructure next year.

8 May 2015 - 9:46am

China Shipping buys five vessels for HK$2.7b

China Shipping Development, the mainland's largest oil and coal shipping group, has ordered five vessels worth HK$2.7 billion from China Shipbuilding & Offshore International and Dalian Shipbuilding Industry, banking on strong domestic demand for energy.

24 Dec 2010 - 12:00am

SHK eyes $25.2m from issue

Singapore Hong Kong Properties Investment (SHK) is to raise $25.2 million by placing 630 million new shares at 4 cents each. The company said the proceeds would be used to repay bank borrowings and as working capital.

26 Apr 1999 - 12:00am

Wah Nam eyes toll-road funds

Electronics product maker Wah Nam Group is contemplating a fund-raising exercise to fund a proposed $247.55 million acquisition of toll-road projects in the mainland. Along with bank borrowings, the firm said it would consider either a private placement or a convertible note.

22 Apr 1998 - 12:00am

RJP issue to proceed

RJP Electronics has received approval to consolidate shares and to proceed with a rights issue which would yield net proceeds of $86 millionintended to reduce bank borrowings and develop new products. An extraordinary general meeting yesterday approved the plan to convert every five five-cent shares held into one share of 25 cents.

22 Dec 1995 - 12:00am