Many Hong Kong brokerages have a new and profitable business, despite the economic downturn: lending money to mainland entrepreneurs at high interest rate, sometimes more than 30 per cent.
- Fri
- May 24, 2013
- Updated: 1:00am
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13 May 2013
7:58PM
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4 Apr 2013
New loans doled out by the mainland's Big Four banks surged 53 per cent last month compared to February, underscoring the ample liquidity available to meet the demand of the nation's investment...
4:01AM
1 Apr 2013
To whom to lend - this is a tough question for mainland banks. The blacklist of industries subject to lending controls has grown longer, thanks to their rampant expansion in the past few years,...
4:04AM
18 Mar 2013
Lending margins will remain compressed in Asia for the next six to 12 months, said Mark Newman, the chief executive of ING Commercial Banking Asia.
2:17AM
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