'Fake invoice' curbs set to show slowing trade

Outbound shipments may have grown 7.1 per cent year on year last month, less than half April's reported 14.7 per cent. Photo: AFP

The mainland's crackdown on fake export invoices used to disguise money flows is probably cutting its trade figures, revealing subdued global demand that will weigh on economic growth.

Friday, 7 June, 2013, 3:46am

Every cloud has a silver lining

Is your Christmas budget precariously based on the bill that you hope your biggest client will settle in a few days' time, despite their record of tardy payment? If so, firstly, welcome to one of Hong Kong's biggest unofficial clubs. And, secondly, 'invoice finance' might be for you. If you are acquainted with the concept, you'll know how beneficial it can be to cash flow.

10 Dec 2011 - 12:00am

In Brief

Robert Gates to make three-day visit to China next month

28 Dec 2010 - 12:00am

Fake invoice industry continues to thrive

Police who spent three months trying to wipe out cells producing fake invoices say they unearthed an enormous and sophisticated hidden industry.

Zhang Tao, deputy director of the Ministry of Public Security's economic crime investigation department, said yesterday that the fake invoice business had thrived in recent years despite continued government efforts to suppress it.

28 Oct 2009 - 12:00am

100b yuan fake-invoice ring smashed in Guangzhou

Police in Guangzhou said they had smashed a network that produced and distributed fake invoices with a face value of about 100 billion yuan (HK$113.7 billion).

20 Oct 2009 - 12:00am

Grim economy fails to spook Ferrari

An economic meltdown might not seem the best time to launch a new supercar, but that did not stop Ferrari from showcasing its 599XX in Hong Kong yesterday.

The Italian manufacturer has not yet announced the price for the 'super racetrack' model, which was displayed at the Ferrari showroom in Aberdeen, but the industry expects it to be about HK$10 million.

24 Apr 2009 - 12:00am

Moving with the times

Logistics is all about delivering the goods to a customer in a timely and cost-efficient way

Requirements: To work in logistics, you need a cheerful, outgoing personality. You should also have good communication skills. There are always new things to learn in logistics, so be ready to expand your horizons.

11 Dec 2008 - 12:00am

Funds spent on Nikes for bank staff to 'run faster in disaster'

A branch head of the Industrial and Commercial Bank of China (ICBC) in Mianyang, Sichuan, was suspended for using reconstruction funds to buy Nike shoes for its staff to help them 'run faster when disasters strike'.

A statement posted on the ICBC's official website yesterday confirmed that the head of Fucheng branch in Mianyang city was under investigation over the purchase.

15 Jun 2008 - 12:00am

News invoice finally finds judge ... in court

A High Court judge read the newspapers delivered to his office for four years - without being billed or paying for them - until he settled a claim yesterday launched by a vendor in the Small Claims Tribunal.

8 Jan 2008 - 12:00am

Director charged with falsifying invoices

The Independent Commission Against Corruption has charged a former managing director of herbal-tea maker Wong Lo Kat Beverages with falsifying invoices to obtain loans worth HK$1.4 million. Agnes Wong Kin-yee, 61, will appear in Eastern Court today on seven counts of false accounting.

1 Nov 2007 - 12:00am

Delightful apps track project time so you can work and play

We work, we get paid, and if we get paid enough, we play. But like me, it seems that many readers often have trouble keeping track of how much work they do for different clients or on different projects.

30 Aug 2005 - 12:00am

Security fees adrift following rejection

Shipping lines calling at Shenzhen have universally rejected a security fee implemented by port operators last month, sending the highly charged issue back to the negotiating table just weeks before the levy is slated for Hong Kong.

15 Apr 2005 - 12:00am

Police crack nation's biggest fake invoice ring

Police in Chengdu have cracked what they describe as the mainland's biggest invoice counterfeiting case.

Six suspects were arrested and would be charged soon, the People's Daily reported yesterday.

8 Jan 2005 - 12:00am

James Tien sues photo firm

Liberal Party chairman James Tien Pei-chun has taken legal action against a photo company in a dispute over the production of pictures of oil paintings and CD-ROMs.

In a District Court writ, Mr Tien seeks a declaration that he has never entered into any agreement with International Photo for the purported production, as stated in an invoice dated July 23.

29 Aug 2004 - 12:00am

Architects deny deception claim

Pair accused of falsifying invoices on school projects

Two architects pleaded not guilty in Eastern Court yesterday to deceiving the Architectural Services Department over the amount of work their staff did on a school improvement programme.

17 Jul 2004 - 12:00am