Cash-starved SMEs join hands to issue bonds

The mainland's worsening credit crunch is driving cash-starved small and medium-sized enterprises (SMEs) to join forces to issue pooled bonds.

Wednesday, 6 June, 2012, 12:00am

Cash advance not a loan, court hears

A former senior banker who founded a company that is accused of unlicensed moneylending argued in court yesterday that no other common law jurisdiction categorised its cash-advance product as a loan.

24 May 2012 - 12:00am

Beijing likely to free up interest rates this year

The mainland is likely to make a breakthrough in liberalising interest rates this year, with Beijing expected to allow banks to set rates within widened bands.

Academics close to policymakers said the progress in deregulation would allow interest rates to better reflect market supply and demand and thus squeeze the huge net interest margins of banks.

22 May 2012 - 12:00am

Company charged with lending without a licence

A company providing what it says are cash advances to restaurants and retailers went on trial yesterday, accused of lending money without a licence.

22 May 2012 - 12:00am

Red tape puts suitors off deals, survey finds

'Regulatory creep' in the Asia-Pacific region is deterring companies from mergers and acquisitions, according to global law firm Clifford Chance and threatening to choke economic activity.

The firm commissioned a survey of about 400 companies worldwide with revenues of more than US$1 billion, of which a third are based in the Asia-Pacific area.

16 May 2012 - 12:00am

Profits highest for four years

Mainland banks last year posted their highest profits in at least four years, despite a slight rise in bad loans for some in the fourth quarter amid a slowing economy.

25 Apr 2012 - 12:00am

Dah Sing sees cheaper funding

Dah Sing Banking expects to benefit from lower funding costs this year as its retail and commercial businesses recover from an increase in costs and low interest rates on lending.

22 Mar 2012 - 12:00am

Bonds may still leave taxpayer picking up bill

Critics have questioned whether issuing bonds can save the arts district from a severe financial shortfall and prevent taxpayers footing the bill.

The government has underestimated the budget by billions of dollars, forcing officials to explore alternative financing options, in addition to the income derived from investing the approved budget of HK$21.6 billion.

13 Mar 2012 - 12:00am

Ask our experts

The panel addresses vexing questions of investor interest:

Mark Leahy (head of debt origination and fixed income syndicate, Asia ex-Japan, Nomura) is asked: has a reduction in the rate of appreciation of the yuan reduced retail appetite for dim sum bonds?

5 Mar 2012 - 12:00am

Governments like Greece's create jobs by borrowing and fuelling crisis

The discussion about whether governments can create jobs and the advocacy of government stimulus in times of economic crisis beg the question: why cannot the governments of Greece, Spain, Portugal, Italy and the United States, amongst others, create the jobs that people say they can?

This question arises every few years when there is a downturn in the economic cycle.

16 Feb 2012 - 12:00am

Low rates will not lift dull market

The prospect of US interest rates being kept near zero until late-2014 may keep a lid on any rises in Hong Kong home loan rates, but will not be a magic wand for the sluggish local property market, say analysts.

1 Feb 2012 - 12:00am

Beijing moves to clean up problems with local debt

The central government said yesterday it had cleaned up nearly half the 530 billion yuan (HK$649 billion) worth of local government debt from 2010 found to have irregularities during an investigation.

5 Jan 2012 - 12:00am

Time to bite restructuring bullet

Governments in Europe knew they were taking a massive step when, forced by circumstance, they agreed to various bank bailouts to stabilise the financial system in the wake of the 2008 global financial crisis.

4 Jan 2012 - 12:00am

Banks more willing to lend to homes sector

First-time homebuyers and developers on the mainland have started to see more enthusiasm from banks about issuing loans, with lenders flush with cash after the central bank cut the reserve ratio requirement for the first time in three years.

17 Dec 2011 - 12:00am

HK home sales at six-year low

Home sales in Hong Kong fell to six-year lows last week following fears arising over a new round of mortgage rate rises when Standard Chartered Bank raised its home loan rates, with other lenders expected to do the same.

23 Nov 2011 - 12:00am