Chong Hing Bank, one of the few remaining family-run lenders in Hong Kong, said yesterday that business had improved in the first half but profit had slumped due to the absence of several one-time gains that bolstered earnings last year.Wednesday, 15 August, 2012, 11:16pm
The central government's plan to expand a planned revamp of the national financial loans system is a reflection of authorities seeking to combat rising moral degradation.
Analysts say the move also suggests that the government recognises that the public is becoming increasingly distrustful amid widespread corruption, negligence of duty and other malpractice among officials.31 Jul 2012 - 12:00am
Anyone who has typed the dots and dashes of an SOS distress call will appreciate the similarities to the present global race to cross the t's and dot the i's as we focus on the emergency response to the Libor rate-setting scandal.25 Jul 2012 - 12:00am
The mainland's residential housing sales jumped last month as homebuyers shrugged off property curbs amid expectations that a slowing economy would force the government to ease some of the restrictions.14 Jul 2012 - 12:00am
Retail, not corporate, clients hold the key to the future for Asian banks, says Dick Kovacevich, former chairman and chief executive of US bank Wells Fargo.
'Right now, I think Asian banks are taking a lot of deposits and lending the money to commercial clients,' Kovacevich said.9 Jul 2012 - 12:00am
The fall of Barclays bank chief Bob Diamond is a defining moment in the debate about international banking reform in the wake of the global financial crisis. Diamond has been a vigorous champion of the pre-crisis universal banking model and light regulation.6 Jul 2012 - 12:00am
Chongqing native Chen Shuming has stuck resolutely through the lean times to a two-decades-old belief that buying property - particularly shops - is the best investment option no matter how much the central government tries to curb price rises through cooling measures.4 Jul 2012 - 12:00am
The Hong Kong Mortgage Corporation launched a microfinance programme yesterday, aimed at helping the cash-strapped - from start-ups to self-employed.
The agency, which aims to promote wider home ownership and develop the local debt market, said it was working with six banks and five non-governmental organisations to promote the plan.30 Jun 2012 - 12:00am
Kevin McQueen explores the trend for fee-based discretionary banking.25 Jun 2012 - 12:00am