Bank Loans

Yuan loans down, recovery still on track

The People's Bank of China said new loans in November was 3.5 per cent more than October's 505.2 billion yuan. Photo: Xinhua

The amount of yuan-denominated new loans from mainland lenders was lower than expected in November, but analysts said the central bank's accommodative monetary policy remained unchanged and would keep the country's economy on track for recovery.

Wednesday, 12 December, 2012, 3:37am

Capital rules put pressure on banks

Smaller banks are considering IPOs to raise capital. Photo: AFP

Small lenders on the mainland are under pressure to boost their capital to meet strict capital adequacy rules which will take effect from January as scheduled, despite a delay in the United States.

14 Nov 2012 - 2:59am

Ask Melanie: Tax loans

The more you borrow the lower the rate. Photo: Edward Wong

What's the best way to cover my Hong Kong tax bills due in January and April? Should I get a tax loan as interest rates are low at the moment?

Let's tackle the second question first. The interest charged on an unsecured tax loan is higher than a mortgage, for example, where your property can be sold if you default.

12 Nov 2012 - 2:31am

Industrial Bank posts 41pc rise in earnings

Pudong Development Bank's earnings are up. Photo: Bloomberg

The last three of the 16 mainland-listed lenders reported earnings for the third quarter that were mostly in line with market estimates.

1 Nov 2012 - 4:48am

World loses by not tapping women's potential

These statistics may surprise you. On average, only between 5 per cent and 10 per cent of women-owned businesses in the developing world have access to commercial bank loans, and women-owned businesses account for only 3 per cent of venture capital investments globally.

26 Oct 2012 - 2:10am

Mainland lenders to show robust profit

A slowing economy will affect the banks' profit but the effect will be felt six months to one year later, says an analyst. Photo: Reuters

China's big lenders are expected to post healthy profit growth for the third quarter compared with a year earlier, but likely to show a sharp fall from the buoyant second quarter as the slowing mainland economy took its toll.

25 Oct 2012 - 4:53am

China's big four banks see slower lending

Tourists take photos outside the People's Bank of China in Beijing. The nation's big banks reported weaker lending last month. Photo: AFP

New loans extended by the mainland's 'big four' banks slowed last month but their shares held firm after state-owned investment unit Central Huijin announced that it would continue buying their stock.

8 May 2015 - 9:46am

Mainland bank loans on target to pass expectations this year

Graduates at a job fair. Job stability is at risk due to a slowing economy, with last month's imports falling and industrial output rising the least in three years. Photo: AFP

The value of loans made by China's banks this year looks set to exceed market expectations, given that borrowings grew more than anticipated last month.

12 Sep 2012 - 3:05am

Morning Clicks, August 27

Following China's establishment last month of a military garrison in the new city of Sansha, work to build infrastructure on the coral reefs has begun.

29 Aug 2012 - 3:05pm

Developers stay on target despite austerity threat to sales figures

Developers are expected to achieve the property sales targets they set at the beginning of this year, even though some of them have seen their revenues decline in the last month because of the latest round of austerity measures.

6 Nov 2010 - 12:00am

Cities institute rules to keep HK speculators out of market

The prospect of a steadily rising yuan could lure an increasing number of Hong Kong buyers into the mainland property market. But they will find they are not welcome in a number of cities, including Fuzhou and Shenzhen in the south, Ningbo in the east, Guan, Xianghe and Yangjiao in Hebei province, and Beijing.

27 Oct 2010 - 12:00am

It's time to get dirty vehicles off our roads

Few things are more important than the community's health. Yet the government seems to be more concerned with business reaction than with our well-being when it comes to roadside air pollution. It's a problem that should be easy to tackle: it simply has to get off the streets the old commercial diesel buses and trucks that are mostly the reason for the poor readings.

12 Mar 2010 - 12:00am

Mainland needs to let private investors in

The central government has for a decade been promising to open key strategic sectors to private investment. Despite the pledge, there has been little progress. Banking, telecommunications, public utilities, transport, energy and media remain firmly in the government's hands. The vow was given its annual airing on Monday. But this time, the circumstances are different.

27 May 2009 - 12:00am

Sharp rise in Beijing luxury villas to put squeeze on rents

The supply of luxury villas in Beijing is expected to rise sharply this year, possibly leading to a decline in rentals, according to property consultants FPDSavills.

The company forecasts that another 1,900 new luxury villas will go on the market this year, representing a 140 per cent increase year on year and 12.4 per cent of the existing stock of top-end villas.

31 Mar 2004 - 12:00am

Graft hurts as non-state firms double revenue

The revenue of China's private companies has more than doubled in the past three years, but they still face illegal fees and taxes and discrimination in access to bank loans, a national survey found.

14 Dec 2000 - 12:00am