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  • Dec 29, 2014
  • Updated: 9:55am

Banking

Puzzling times

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

Puzzling times

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

Lenders likely to take a hit as interest margin shrinks

Profitability of mainland banks will be hit this year as the government liberalises interest rates, says Standard & Poor's.

16 Jun 2012 - 12:00am

Bank debt woes prompt insurance scheme plans

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

China's banks in no position to launch fresh lending stimulus

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

Bank chief linked to loan sharking

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

Smaller banks join rush to higher deposit rates

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

Challenges despitedelay in capital rules

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

Tougher capital rules delayed again

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