Mainland bank earnings reached a record 1.04 trillion yuan (HK$1.28 trillion) last year, up 15.8 per cent from 2010, according to data from the China Banking Regulatory Commission.Monday, 20 February, 2012, 12:00am
Has the world gone mad? It's been tempting to ask this question for some time, but it seems more pressing right now.
Why are investors pouring cash into currencies that appear to lack underlying strength? Why is economic performance being ignored in favour of sentiment? Why is there such enthusiasm for bonds issued by countries with horrendous debt burdens, and so on?29 Aug 2011 - 12:00am
Roughly three trillion yuan (HK$3.63 trillion) of bank loans on the mainland have been channelled into underground lending in the eastern provinces of Jiangsu and Zhejiang, Securities Times reported yesterday.11 Aug 2011 - 12:00am
The Greek debt crisis and concerns about the veracity of the financial statements of Chinese companies have hit Asia's high-yield debt market, especially bonds sold by mainland companies with short track records.12 Jul 2011 - 12:00am
It says something about growing unease over the Hong Kong property market that the latest attempt to cool it by the government and the Monetary Authority is couched in terms of the need to protect the stability of our banks.13 Jun 2011 - 12:00am
Chris Lane and his wife, Karen, are keen to buy a property in Hong Kong to prepare for their return from Japan, where they've been working in the ski resort town of Niseko. They recently added a baby daughter to the family, and would like to come back to the town of Karen's birth.25 May 2011 - 12:00am
Midland Holdings and its mortgage broker associate mReferral Mortgage Brokerage Services have lined up banks to offer clients a fixed mortgage rate plan of as low as 2.3 per cent, as fears of interest rate rises dent buying interest in the secondary market.27 Apr 2011 - 12:00am
Professional property investor Danny Lim isn't sure how much further Hong Kong's property rally has to go. Forecasters have been ripping up their predictions for the year ahead because the market keeps getting ahead of them, and all signs point to continued gains for the rest of this year.11 Apr 2011 - 12:00am
Bank of China (Hong Kong), the city's largest mortgage lender in terms of new loans, will increase mortgage rates ahead of an anticipated round of interest rate reductions in the United States next week.
Other local banks are expected to follow the market leader soon, if not immediately.15 Mar 2008 - 12:00am
Low rates and inflation see surge in home sales
Low interest rates and increasing inflation in Hong Kong have spurred the property market, prompting banks to offer a variety of mortgage products for homebuyers and short-term investors.20 Jan 2008 - 12:00am
Watch out for added costs when buying commercial property
The decision to invest in commercial property is not one to be taken lightly. While properties can be bought for HK$10 million, buying them is never without risk. You will also need to plan for a few additional costs over the purchase price.21 Nov 2007 - 12:00am
Hongkong and Shanghai Banking Corp, the city's biggest lender, will increase mortgage rates for new homebuyers from Monday, a move industry figures believe others will follow.
HSBC is the first big bank to declare a rate increase since the US Federal Reserve cut rates last month. The Bank of China (Hong Kong) and Hang Seng Bank are reviewing their rates.27 Oct 2007 - 12:00am
New home loan approvals in Hong Kong rose 10.9 per cent last month to HK$19.3 billion, aided by the city's robust economy.
New approvals for primary and secondary market transactions increased 8.6 per cent and 15.3 per cent respectively in August from July, the Hong Kong Monetary Authority said.25 Sep 2007 - 12:00am
Home mortgages, often with preferential terms, are not hard to come by for cash-rich buyers purchasing more expensive, 'special' units in the primary sales market.
Local banks are keen to service these big spenders as they are often financially stronger and are considered premium customers in need of additional banking services.13 Jul 2007 - 12:00am
New home loan approvals in Hong Kong fell 11.3 per cent last month to HK$14.5 billion, as the Easter holiday slowed property sales.
Lenders said new approvals would increase over the next few months as the economy remained robust and several projects were due to be completed.24 May 2007 - 12:00am