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
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
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
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
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 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
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
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
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
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