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  • Sep 22, 2014
  • Updated: 10:20am

Debt

Fingers crossed, as investors eye China's inflation numbers

Anyone who follows the mainland markets will be keeping a weather eye out over the next week for the release of inflation figures for May.

Tuesday, 7 June, 2011, 12:00am

Bank profits set to slide as Beijing bites

Profits at mainland banks are set to slide and credit losses climb over the next two years - the result of monetary tightening by Beijing following a bank lending spree, according to Standard & Poor's.

26 May 2011 - 12:00am

Bank to raise interest rates today

Bank of China Hong Kong will raise interest rates based on the Hibor today. The mortgage rate would rise to Hibor plus 1.3-1.7 per cent from Hibor plus 1-1.5 per cent. The benchmark one-month Hong Kong interbank offered rate stood at 0.19 per cent yesterday. Other banks said they would monitor the markets, but had no plans to raise Hibor-based mortgage rates.

13 May 2011 - 12:00am

Chaoda blames market conditions for dropping US$250m bond sale

Chaoda Modern Agriculture (Holdings) has scrapped a US$250 million bond sale.

The mainland farming giant, which has been slammed by analysts for excessive spending on land that remains idle, blamed 'current market conditions' for dropping the debt issue.

10 May 2011 - 12:00am

S&P launches 'Greater China' ratings

Standard & Poor's introduced a 'Greater China' credit-rating benchmark covering the mainland, Hong Kong and Taiwan yesterday in response to the growing number of yuan-denominated bonds issued in Hong Kong.

The majority of issues were rated below investment grade.

29 Apr 2011 - 12:00am

New warning over pyramid scams

The perils of being lured into pyramid selling schemes have been highlighted again as more young victims seek help from the Hong Kong Federation of Trade Unions.

It has prompted calls from federation lawmaker Ip Wai-ming for the government to ban such schemes. He also warned young people to stay vigilant when looking for work.

21 Feb 2011 - 12:00am

Up to 1,000pc interest charged by loan sharks

A loan shark syndicate, which charged an annual interest rate of 1,000 per cent, was broken up with 14 people arrested in raids over the past two days, police said yesterday.

Ten men and four women, aged 17 to 51, were detained, including the alleged head of the syndicate and directors and staff members of two financial consultancy firms.

29 Jan 2011 - 12:00am

Fighting inflation with checks and interferences

The People's Bank of China recently announced various measures to combat inflation. How effective will they be? Let's start with a story.

It was late June. I was chatting with a mainland punter about the stock market, with lacklustre trading showing in both the indices and turnover. 'The market will be alive again in a week's time,' he said.

8 Jan 2011 - 12:00am

Beijing uses new tools to fight loan growth

Beijing will not set a loan target for banks this year as it attempts to balance inflation control with maintaining job-creating economic growth.

The mainland has announced annual loan growth targets in previous years to control overheating in the property and manufacturing sectors.

7 Jan 2011 - 12:00am

Stamp duty riles agents

Real estate agents yesterday demanded the government reverse its 15 per cent stamp duty on the sale of homes.

The Joint Council of Estate Agents Associations said it planned to hold a mass rally next month against the measures, which aim to curb speculation in the property market.

30 Nov 2010 - 12:00am