• Wed
  • Sep 17, 2014
  • Updated: 9:50am

Broker

Chasing shadows

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

Brokers hard-pressed to repeat protest success

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

Broker's computer 'glitch' leads to HK$1.5b splurge

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

Regulator plans to end ban on Sino-foreign brokerage ventures

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

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