Financial crisis, not Syria, on agenda, official says

The unrest in Syria would not be on the agenda at next week's G20 summit in Mexico, where the discussions would focus on the lingering financial crisis, Deputy Foreign Minister Cui Tiankai said yesterday.

Tuesday, 12 June, 2012, 12:00am

'Financial crisis, not Syria' on G20 agenda

The unrest in Syria would not be on the agenda at next week's G20 summit in Mexico, where the discussions would focus on the lingering financial crisis, Deputy Foreign Minister Cui Tiankai said yesterday.

He told a press conference in Beijing that China would push for discussion on helping developing countries at the two-day summit starting on Monday.

12 Jun 2012 - 12:00am

Yinshu Capital may set up bank

Shanghai-based fund manager Yinshu Capital plans to set up a bank, echoing Beijing's determination to have private investment in key sectors dominated by big state-owned enterprises.

11 Jun 2012 - 12:00am

Brave new world

China equities experienced another big sell-off last Monday. The Hang Seng China Enterprises Index, which tracks Hong Kong-listed China stocks, dropped 2.5 per cent. The index has shed about one-quarter of its value over the past year.

Steven Sun, head of China equity strategy for HSBC, says investors' concerns can be summed up as the three Gs: Greece, governance and growth.

11 Jun 2012 - 12:00am

HK firms nowhere in the big league

The global influence of Asian multinational companies is growing, a study has found. Chinese companies in particular are rising fast - but, perhaps surprisingly, Hong Kong firms aren't among them. In fact, so few were seen as having global reach that Hong Kong was excluded from the study.

10 Jun 2012 - 12:00am

Tougher capital rules delayed again

Beijing has pushed back to January 2013 the introduction of tougher capital requirements for banks, a move economists believe is aimed at countering the economic slowdown.

7 Jun 2012 - 12:00am

Europe's financial crisis is actually anything but

I know it sounds nuts, but the euro zone is not suffering a financial crisis.

If you don't believe me, just look at the figures.

7 Jun 2012 - 12:00am

Lehman losers vow to fight on

For years, they banged the drum for justice, noisily protesting outside banks as they sought the return of money lost on minibonds when Lehman Brothers went to the wall in 2008.

7 Jun 2012 - 12:00am

New credit set for first fall since 2008

New credit in the mainland could fall for the first time since 2008, amid a weakening real economy and banks' tightening liquidity.

6 Jun 2012 - 12:00am

Clock ticking on a global implosion

Just when you thought global economic news could not get gloomier, it did. Poor unemployment figures from the United States on Friday along with fresh news of uncertainty from China mean that the world's economy is sputtering on all major cylinders.

5 Jun 2012 - 12:00am

PMI decline reflects step back in sector's advances

The recent improvement in the mainland manufacturing sector backpedalled unexpectedly last month, strengthening the argument for immediate stimulus measures.

2 Jun 2012 - 12:00am

Plans to boost luxury spending

The mainland is considering boosting domestic luxury spending by opening more duty-free shops in urban areas rather than cutting import tariffs on luxury goods.

China Duty Free Group yesterday said it had signed a letter of intent with Beijing's Chaoyang district government to establish the city's first duty-free shop in the central business district.

1 Jun 2012 - 12:00am

Money changers face closure threat

Hundreds of remittance firms and money changers may need to shut down after failing to apply for licences from the Customs and Excise Department before yesterday's deadline.

31 May 2012 - 12:00am

Minimum wage 'lures aged-care staff away'

Homes for the elderly are reaching 'crisis point' as the minimum wage leads to an exodus of staff to less demanding jobs, an industry official said yesterday as a Legislative Council panel reviewed the wage level.

30 May 2012 - 12:00am

HK home sales falling amid fears of a bubble

Home sales continued to fall last week and are expected to drop further as sentiment among homebuyers sags because of the European debt crisis and government warnings about rising risks of a property bubble forming in Hong Kong.

30 May 2012 - 12:00am