• Fri
  • Sep 19, 2014
  • Updated: 11:22am

Debt

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.

Wednesday, 1 February, 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

School's over. Now pay back the loan

If you're late on your mortgage payment, you risk losing your flat. Default on your bank loan and scary collectors pay you a visit. But if you're a university graduate and bail on your student loan, you get letters in the mailbox. If you move, the government administrator may lose track of you and you'll no longer get bothersome mail.

16 Nov 2011 - 12:00am

Don't coddle students who default on loans

Officials at the Student Financial Assistance Agency should feel ashamed for proposing unworkable solutions to clamp down on student loan defaults. It's a no-brainer. The agency's suggestion to lengthen the repayment period and lower interest rates will help to increase the number of defaults, not cut it.

15 Nov 2011 - 12:00am

Adapt student loan plan to help needy

When the number of student loan defaults doubles over a period of six years, there is cause for concern. Around 13,000 university graduates had failed to repay their loans in the previous academic year, up from 4,914 in 2004-05. The money involved totals HK$213 million. Some 2,000 recovery cases end up in the courts every year.

12 Nov 2011 - 12:00am

Tackling student loans

The student loans agency is planning to restrict the amount of money that students receive, lower interest rates and extend the repayment period to try to sort out the problem of people not paying back loans.

The Student Financial Assistance Agency said the problem of bad debts is increasingly worrying, despite a healthy economy.

10 Nov 2011 - 12:00am

Things always end badly when capital is mispriced

Over the past four years, as first the United States and then Europe have suffered devastating financial crises, Beijing's sense of schadenfreude has been almost palpable.

9 Nov 2011 - 12:00am