Think before you flash that plastic

Credit cards are a convenient way of getting what we want. Just by flashing a piece of plastic, we can sign up for the latest phone package, get a discount on a fashion must-have and buy the groceries.

Thursday, 9 September, 2010, 12:00am

Warning as city's credit card debt rises

Despite grim lessons from the financial crisis which was blamed largely on reckless use of credit, Hongkongers are spending freely on their multiple credit cards, and in many cases paying only the monthly minimum.

2 Sep 2010 - 12:00am

Agricultural Bank expects to beat profit target after 40pc first-half rise

Agricultural Bank of China, the country's third-largest lender by assets, expects net profit to continue rising in the second half of the year as assets and margins expand.

31 Aug 2010 - 12:00am

ICBC earnings jump 38pc to record 43b yuan

Industrial and Commercial Bank of China, the world's largest lender by market value, posted a 38 per cent gain in net profit in the second quarter as margins widened and a rapidly growing economy boosted loans.

But both the bank and analysts were cautious about an economic slowdown, growing regulatory pressure on lenders and the quality of loans to certain borrowers.

27 Aug 2010 - 12:00am

Firms more fearful of government regulations than credit crunch

Companies see government regulation as the main threat to business, pushing the credit crunch into second place, a global survey suggests.

Respondents to the Ernst & Young survey believe the rules critically affect a range of sectors, spanning financial services, oil and gas, real estate and power and utilities.

5 Aug 2010 - 12:00am

Confidence high as rates stay low

New measures by the government gave a lot of people pause for thought this spring. With new rules introduced on how properties are sold in Hong Kong, and government measures aimed at reining in prices on the mainland, there was a lot to take in.

28 Jul 2010 - 12:00am

The deadly trap in buying on instalment plan

Be careful when purchasing a yoga club membership or any service on an instalment plan because if the vendor goes bankrupt, you could lose both your purchase and your money - and it's perfectly legal.

16 Jul 2010 - 12:00am

China is far from clear of global economic woes

Since signs of economic recovery first emerged early last year, all eyes have been on Asian growth. And China's economy is the key. That is why the Dow shot up more than 200 points on Thursday on news that China's export and import figures both rose nearly 50 per cent last month from the same time a year ago.

13 Jun 2010 - 12:00am

Government keen to burst bubbles

Some 85 per cent of Singaporeans live in public housing, built by the Housing Development Board, so it's always important to consider what the government is doing and what kinds of policies it is shaping. The city often adopts a paternalistic attitude to governance and isn't afraid of market intervention when necessary.

20 May 2010 - 12:00am

Mortgage repayment for smaller flats tops 45pc of income

Flats in the mass market have become much less affordable in the past six months. The mortgage repayment to income ratio has increased from about 30 per cent last year to more than 45 per cent this month, Monetary Authority statistics show.

15 May 2010 - 12:00am

Greek crisis spreads

Europe's debt crisis became much worse this week. The International Monetary Fund promised to increase a Euro45 billion (HK$461 billion) aid package for Greece - the hardest-hit eurozone country - to as much as Euro120 billion over three years. But the debt disease seemed to be spreading.

30 Apr 2010 - 12:00am

Bank of China tightens lending to mainland second-home buyers

Bank of China has tightened lending to buyers of second homes on the mainland, in line with the central government's move to curb property speculation.

In new rules on property lending published on its website last Friday, the bank says buyers of second homes are required to pay a deposit of at least 50 per cent, up from 40 per cent.

27 Apr 2010 - 12:00am

Developers feel the heat from unhappy buyers

Mainland property developers are now more concerned about policy changes and mounting resentment among buyers over prices, than finding buyers for their apartments.

26 Apr 2010 - 12:00am

Beijing toughens up property price curbs after record rise

The State Council took tough steps to cool down the mainland property market yesterday, raising mortgage rates and down payment requirements while increasing the land supply, after property prices rose at a record pace last month.

16 Apr 2010 - 12:00am

Higher rate of interest designed to spur settlement

When a court orders a party to pay compensation, the amount can be subject to interest. The interest rate has been as high as 13.5 per cent since 1983, and is 8 per cent now.

8 Apr 2010 - 12:00am