Leave the family out of the eligibility test for elderly aid

Hong Kong is a prosperous city with a per capita gross domestic product of HK$268,213 in 2011. Yet, in the middle of this great prosperity, we see the saddening sight of elderly people collecting waste paper and discarded items on the streets.

Sunday, 14 October, 2012, 11:20pm

China Life warns of big dent in first-half earnings

China Life Insurance, the biggest life insurer on the mainland, yesterday warned its first-half net profit would be hit by a decline in investment yield and impairment losses.

15 Aug 2012 - 11:07pm

Beijing to step up policy fine-tuning

The mainland's central bank said yesterday that it would strengthen monetary policy fine-tuning in the second half of the year to improve credit quality and economic development in the run-up to the 18th National People's Congress.

15 Aug 2012 - 11:05pm

Wells Fargo takes shelter in Asia with bigger team

Wells Fargo, the largest bank by market capitalisation in the United States, aims to grow its revenue at a double-digit pace annually over the next three years in China, despite increasing concerns about the country's slowing economy.

15 Aug 2012 - 11:05pm

Lower turnover likely to dent HKEx earnings

Hong Kong Exchanges and Clearing (HKEx), the operator of the city's stock and futures markets, is expected to report a 10 to 20 per cent drop in net profit when it releases its results for the first half tomorrow.

Lower market turnover and fewer new listings are likely to have been the key contributors to the result.

15 Aug 2012 - 11:04pm

Business Digest

Mainland regulator may cap staff shares at 10pc

15 Aug 2012 - 11:04pm

So you want to buy a reit?

These days, investing is all about income. Hardly a week goes by without the launch of some new income fund invested in bonds or high dividend stocks. The appeal is clear. With interest rates stuck at near zero and with share markets gripped by volatility, investors want safe, yield-generating instruments.

15 Aug 2012 - 11:03pm

Cornerstone investors are difficult to corner

These days, IPOs are less of a public offering and more of a cornerstone investor recruitment process. Cornerstones have become essential to a successful listing.

15 Aug 2012 - 11:03pm

Japan out as focus shifts to sweeter Asian equities

Many investors these days find themselves in a quandary, says Jeffrey Roskell, managing director at JF Asset Management's Pacific Regional Group. The prevailing mood is one of risk aversion, he says, but at the same time investors are also looking for income that might offset the effects of inflation.

15 Aug 2012 - 11:03pm

Smart Money

Best websites for M&A news:

15 Aug 2012 - 11:03pm

The constant chase for a quick profit in equities offers dim prospects for growth

At its height, the British empire was one of the largest in the world, with less than 1per cent of the population controlling one-fifth of the world's land area. One reason for the empire's longevity was its ability to adapt to changing conditions through an objective feedback mechanism.

15 Aug 2012 - 10:58pm

'Big four' dole out 16pc more new loans

The mainland's 'big four' state-controlled banks extended an estimated 220 billion yuan (HK$269.69 billion) in new loans last month, but failed to arrest a slide in total credit growth as smaller banks cut back sharply on new lending.

15 Aug 2012 - 10:58pm

CDB lists dim sum bonds worth 6b yuan on HKEx

China Development Bank listed six billion (HK$7.36 billion) worth of yuan-denominated bonds on the Hong Kong stock exchange yesterday, giving investors an opportunity to trade securities with a maturity of up to 20 years.

The so-called dim sum bonds are listed on the Hong Kong stock exchange and also carry maturities of three years, five years and 15 years.

15 Aug 2012 - 10:58pm

Sluggish HSBC blamed for taking shine off MPF

Fund managers blame HSBC's poor showing in the stock market for the lacklustre performance of the Mandatory Provident Fund (MPF) last month despite a relatively strong rebound in the Hang Seng Index.

15 Aug 2012 - 10:58pm

Pre-sale talk fuels slump in developers

Mainland property stocks slumped yesterday after news agency 21st Century Media reported speculation that the government would cancel the pre-sale system, prohibiting developers from selling unfinished projects.

15 Aug 2012 - 10:58pm