One of the ironies of the Hong Kong property market is that prices keep going up at a time when transaction volumes are shrinking.Friday, 22 June, 2012, 12:00am
One of the ironies of the Hong Kong property market is that prices keep going up at a time when transaction volumes are shrinking. A report from Ricacorp Properties says the average profit for secondhand homes sold in May was a staggering 53.3 per cent, the second successive month of historical highs.22 Jun 2012 - 12:00am
Profitability of mainland banks will be hit this year as the government liberalises interest rates, says Standard & Poor's.16 Jun 2012 - 12:00am
Beijing is looking into setting up a deposit insurance system to promote financial stability amid mounting worries about mainland banks' deteriorating asset quality.
Song Xiangyan, a deputy director with the international department at the People's Bank of China, said yesterday that the central bank would establish the system when the time was right.15 Jun 2012 - 12:00am
Investors worried about a slowdown in the Chinese economy have taken heart this week from figures showing a rise in bank lending last month.14 Jun 2012 - 12:00am
The president of the Postal Savings Bank of China (PSBC), who has been taken into custody on suspicion of having committed economic crimes, is found to have been involved in illegal fund-raising activities as well.
The revelation is a fresh sign that lax supervision had made the lender vulnerable to irregularities.13 Jun 2012 - 12:00am
Second-tier banks followed major lenders in offering higher deposit rates than the benchmark, boosting competition in the finance sector after a recent move towards interest rate deregulation.12 Jun 2012 - 12:00am
While mainland regulators have eased pressure on banks to fast-track improvements to meet tougher international rules regulating capital and liquidity, the next few years will still pose significant challenges, analysts say.8 Jun 2012 - 12:00am
Beijing has pushed back to January 2013 the introduction of tougher capital requirements for banks, a move economists believe is aimed at countering the economic slowdown.7 Jun 2012 - 12:00am