Kelvin Wong | South China Morning Post
  • Mon
  • Mar 2, 2015
  • Updated: 4:00am

Kelvin Wong

No free lunches on the menu as banks begin battle for deposits

With interbank funding costs continuing to edge higher - the six-month Hong Kong interbank offered rate (Hibor) this week closed at 3.94 per cent, up more than 30 basis points in a month - banks have kept up their campaigns to attract cheap deposits from which to fund g

Saturday, 27 August, 2005, 12:00am

Dah Sing yearns for growth

Dah Sing Banking Group has long been seen as a company that does not like to play things by the numbers. Somehow investors just love it for that.

Even after last year's controversial $2.3 billion spin-off listing from parent group Dah Sing Financial Holdings (DSFH), most analysts stood by it, confident in the bank's management.

25 Aug 2005 - 12:00am

Company law facing key reforms

The government is aiming to introduce Companies Ordinance reforms to the Legislative Council for debate in 2010.

It hopes to begin drafting the reforms early next year and to make a white paper ready for public consultation by the middle of 2009 before a blue bill is introduced to the Legco.

The ordinance was last substantially reviewed in 1984.

28 Jun 2005 - 12:00am

New flats supply at lowest in 7 years

The supply of new flats has fallen to its lowest level since 1998, according to Midland Realty.

As of Tuesday, new flats that have come on to the market since the beginning of the year dropped 23.7 per cent to 16,988, from 22,265 at the same time last year.

24 Dec 2004 - 12:00am

DRAGONS STILL LOOKING FOR ELUSIVE FIRST WIN

The Hong Kong Flying Dragons' losing streak in the Chinese Basketball Association continued last night as they stumbled to a 122-108 defeat against defending champions the Shanghai Sharks. The SAR team are still searching for the first win of their inaugural season and remain at the bottom of the 14-team league.

9 Jan 2003 - 12:00am