One year after the mainland's leaders picked Wenzhou to start a pilot programme designed to curb and regulate the city's informal shadow-lending networks, it's clear the plan isn't working. Small firms it intended to benefit still can't access loans because they lack collateral and are struggling to stay afloat.Thursday, 28 March, 2013, 6:31am
Hong Kong's small brokers abide by the adage that the squeaky wheel gets the oil. They like to protest and their past efforts have shown that to be a successful strategy.15 Nov 2011 - 12:00am
Hong Kong broker Sun Hung Kai Financial made a costly mistake yesterday, buying millions of China Life Insurance shares as a result of what it said was an error in its computer system.
Traders said the broker placed a buy order worth more than HK$37 billion for 2 billion shares for China Life at HK$18.82 about half an hour before the close of the stock market.9 Sep 2011 - 12:00am
Beijing will soon vet applications for Sino-foreign brokerages, reopening a floodgate for global investment banks such as Credit Suisse and JP Morgan to tap the booming market after a two-year suspension.
The China Securities Regulatory Commission said in a statement yesterday that it would publish rules governing joint-venture brokerages 'in the coming days'.13 Dec 2007 - 12:00am
Police have arrested a broker and the firm he worked for has been stopped from trading amid allegations about HK$20 million that has been stolen from 28 clients.
The 61-year-old man, identified only as Yip, was detained yesterday after trading irregularities were noticed in the surging stock market, a source close to the investigation said.1 Sep 2007 - 12:00am
About a year ago policy risks prompted Morgan Stanley to downgrade its recommendation on Weichai Power, a manufacturer of heavy-duty engines in China, to 'equal weight V', meaning the stock's return was expected to be only in line with the China MSCI index return over the next 12 to 18 months.28 May 2006 - 12:00am