Interest Rates

Target tarnished as subprime fallout spreads, say analysts

China Minsheng Banking Corp is paying a reasonable price for a 9.9 per cent stake in US-based UCBH Holdings, but the deal is tarnished by the subprime mortgage crisis, analysts said.

Tuesday, 9 October, 2007, 12:00am

Credit crunch to pressure factories despite gains posted in mainland

The mainland's manufacturing activity, which last month rose at the quickest pace in five months, may slow as a result of the global credit crunch, analysts have warned.

The credit crunch triggered by the United States subprime mortgage crisis would undermine consumer confidence globally and lead to fewer manufacturing orders for mainland firms, the analysts said.

2 Oct 2007 - 12:00am

HK interbank rates remain steady

Hong Kong interbank rates remained firm yesterday as upcoming initial public offerings pushed fund demand.

'I think interbank rates will continue to stand at the current high level at least until the end of this month,' said Dennis Wong Wai-hung, a senior manager at Hang Seng Bank.

26 Sep 2007 - 12:00am

Blame central banks not derivatives

Joseph Yam Chi-kwong thinks financial innovations are the cause of market turmoil. He is wrong, at least when it comes to the current subprime crisis.

25 Sep 2007 - 12:00am

Banks set to raise mortgage rates

Hong Kong banks are set to increase their mortgage rates to ease margin pressure after slashing their prime lending rates.

Hang Seng Bank and Bank of East Asia yesterday said they were likely to raise home loan rates, while Standard Chartered said it was considering the issue.

21 Sep 2007 - 12:00am

Bank of England widens range for reserves

Bank of England said it would offer an extra #4.4 billion (HK$68.81 billion) in its open market operations and widen the range for banks' reserves with it to plus or minus 60 per cent.

'This will help to ensure that the secured overnight rate is in line with the Bank rate,' the central bank said.

21 Sep 2007 - 12:00am

HK office market faces double hit

Subprime pain, abundant supply likely to affect rental segment, consultants warn

Hong Kong's robust office rental market could take a delayed double hit from an Asian fallout from the United States subprime mortgage debacle and an abundance of new supply coming on to the market in decentralised areas, property consultants warn.

19 Sep 2007 - 12:00am

Canadian boom reaches its peak

Prices seen falling as building declines

The latest numbers on the Canadian housing market are mixed, but still they indicate that the decade-long real estate boom has seen its peak.

19 Sep 2007 - 12:00am

Lai See

Giving is nice but tell us how to get rich first

What message has former junk bond king Michael Milken brought to Hong Kong investors?

The concept of human capital, cancer research financing and an insight into the subprime crisis.

19 Sep 2007 - 12:00am

Banks seen leaving HK rates unchanged

Hong Kong banks are likely to keep interest rates unchanged this week even if the Federal Reserve makes a widely-expected move to begin cutting rates in the United States.

17 Sep 2007 - 12:00am

HK mortgage rates to rise even if Fed cuts

If you think an interest rate cut from the United States Federal Reserve later this month will automatically lead to lower rates for Hong Kong mortgages, think again. Even if the Fed does lower its benchmark interest rate on September 18, home-owners in Hong Kong may still end up making more expensive monthly mortgage payments.

7 Sep 2007 - 12:00am

Yam warns of subprime fallout

Hong Kong's banking sector may not suffer any systemic risk from the US subprime mortgage problem but that is no reason to be complacent, the Hong Kong Monetary Authority warned yesterday.

7 Sep 2007 - 12:00am

Time for caution despite looming market rally

There has been much talk about the rise of China and India and the resultant decoupling of the Asian economy from the United States. But the global contagion from the US subprime loan crisis has shown once more that when the world's largest economy sneezes, the rest of us still catch a cold.

2 Sep 2007 - 12:00am

Wing Lung posts 34.7pc surge in underlying gains

Medium-sized Hong Kong lender Wing Lung Bank saw its underlying profit for the first half climb 34.7 per cent, as it extended more loans and earned higher fees from brokerage services and other wealth management products.

16 Aug 2007 - 12:00am

Merchants Bank sees slowdown in profit growth

China Merchants Bank, whose earnings more than doubled in the first half of the year, said profit growth might be slower in the second half while maintaining a double-digit pace.

'Profit growth for the full year may not be as high as the 120 per cent rate in the first half,' said Ma Weihua, president of the Shenzhen-based bank.

14 Aug 2007 - 12:00am