Mainland banks are expected to unveil much slower profit growth when they begin reporting their first-half results in Hong Kong this week, but with earnings still growing at a double-digit pace, investors are likely to be forgiving.Thursday, 16 August, 2012, 3:54am
Last night the People's Bank of China cut interest rates for the second time in just four weeks.
The surprise reduction is sure to stoke fears that the mainland's second-quarter economic growth rate - due to be announced next week - will be even weaker than the 7.5 per cent or so that analysts were expecting.6 Jul 2012 - 12:00am
Mainland banks last year posted their highest profits in at least four years, despite a slight rise in bad loans for some in the fourth quarter amid a slowing economy.25 Apr 2012 - 12:00am
The next government should review and simplify the New Home Ownership Scheme, making it less complicated for homeowners to plan resales of their homes, a Housing Authority committee was told yesterday.27 Mar 2012 - 12:00am
Future buyers under the resurrected Home Ownership Scheme may be charged interest on the subsidies they receive from the government.
This was the majority view that emerged in the Housing Authority, which met yesterday to discuss the housing scheme announced by Chief Executive Donald Tsang Yam-kuen in his policy address two weeks ago.28 Oct 2011 - 12:00am
Some 58 listed mainland companies lent more than 16 billion yuan (HK$19.55 billion) in the first eight months of this year in so-called entrusted loans to cash-starved, mostly small and medium-sized enterprises and real estate developers, to take advantage of high unofficial interest rates.31 Aug 2011 - 12:00am
At a time when global markets are facing new uncertainties every few days, it is important we look at the facts carefully. One of the biggest news is Standard & Poor's downgrade of the United States credit rating, but experts feel there is a lot of over-reaction.19 Aug 2011 - 12:00am
It is easy to get a credit card in Hong Kong. Banks make a lot of money from this business and, to attract new customers, they offer promotions such as cash coupons and free subscriptions on pay-television channels.
People who sign up thus enter a world of potentially steep fees and interest expenses.1 Aug 2011 - 12:00am
Beijing's latest interest rate increase this week will help depositors more than lenders, say analysts.
The People's Bank of China raised benchmark interest rates for the fifth time since October on Wednesday. The benchmark 12-month lending and deposit rates were increased by 25 basis points, taking them to 6.56 per cent and 3.5 per cent respectively.8 Jul 2011 - 12:00am
Newly-introduced government inflation-linked bonds will give Hong Kong savers a safe option to invest their money but are unlikely to do much to help the public cope with rising living costs and soaring rents.6 Jul 2011 - 12:00am