Hong Kong-listed mainland developer Country Garden Holdings plans to invite tenders to buy back its 4.3 billion yuan (HK$4.89 billion) worth of convertible bonds due in 2013.Thursday, 8 April, 2010, 12:00am
Fears of a mainland bubble have been overdone, according to Jing Ulrich, JP Morgan's managing director and chairman of China equities and commodities.
'I just don't think there is a catalyst for the so-called bubble to burst, she said in a keynote speech at the Mines and Money conference in Hong Kong yesterday.1 Apr 2010 - 12:00am
The government has launched a consultation on how to change a student loan scheme after a rising number of cases involving defaults and loan cheats.
Education concern groups called for an overhaul of the non-means-tested loan scheme, administered by the Student Financial Assistance Agency, which they say puts people under great financial burden.16 Mar 2010 - 12:00am
The government has to shoulder bad debts of at least HK$59 million run up so far under the special loan guarantee scheme, an amount that is expected to increase.16 Mar 2010 - 12:00am
Former president Jiang Zemin, according to diplomatic lore, once boasted about his knowledge of finance by reciting 'assets equal liabilities plus equity' to his bemused US counterpart Bill Clinton. The joke, it seems, is that this basic accounting formula should be common knowledge and so it's absurd to show off with it.11 Mar 2010 - 12:00am
Shanghai's banking regulator said local lenders must reassess the risks of loans they have made to government financing arms, the latest sign that the mainland's mammoth stimulus package of last year is backfiring.9 Mar 2010 - 12:00am
Hong Kong's banking watchdog has acted to head off a damaging mortgage price war by setting guidance floors on mortgage rates, and warning lenders of default risks in a property market correction.4 Mar 2010 - 12:00am
Haiti's future was looking bright for the first time in decades before the magnitude 7 quake struck last month. A UN peacekeeping mission, rare political stability, a concerted effort by the government to eradicate corruption and a tourism boom were slowly dragging the country back from its unenviable position as the poorest in the western hemisphere.13 Feb 2010 - 12:00am
Shares of ENM Holdings - owned 34.59 per cent by the estate of Nina Wang Kung Yu-sum, once Asia's richest woman - surged yesterday on news that it had acquired convertible bonds in a mainland property developer near Beijing.
The shares rose as much as 30 per cent before closing at 60 HK cents yesterday, 27.66 per cent up from last Friday.9 Feb 2010 - 12:00am
Local governments on the mainland are 11.4 trillion yuan (HK$12.9 trillion) in debt, almost double the amount on the public record, and are using their borrowings to fund questionable projects, an influential economist claims.23 Jan 2010 - 12:00am
Sixteen police officers were placed on a watch list in the second half of last year owing to concern over unmanageable debts, and the total number of officers in financial trouble increased slightly, according to government figures.
An officer is regarded as having unmanageable debts if he or she has difficulties repaying owed money.13 Jan 2010 - 12:00am
'I hope that the people of these two countries and their political leaders will, in keeping with the long-standing democratic traditions of Britain and the Netherlands, acknowledge that a referendum is a democratic way of making a decision.'
Olafur Ragnar Grimsson, speaking on his decision to allow Icelanders to vote on a bill which would pay the country's debt11 Jan 2010 - 12:00am
Victor Lam, who works at an advertising firm, will have no difficulty paying his tax bill this year. The difficult part will be passing up a tax loan, since the rates are so good.29 Nov 2009 - 12:00am
Ask any professional China-watcher how the mainland will pay for all its economic stimulus spending, and the chances are you will be told that Beijing can easily afford its massive four trillion yuan (HK$4.54 trillion) fiscal package, because the Chinese government's financial position is so strong.6 Nov 2009 - 12:00am
Chanel, Gucci, Hermes and Louis Vuitton handbags are no longer just the best friends of tai-tais and socialites; a money lender is also targeting the luxury items as collateral in a first for the personal-loan market.2 Nov 2009 - 12:00am