• Sat
  • Nov 29, 2014
  • Updated: 6:10am


Crackdown on Chinese officials likely to dent Macau casinos

It all gets very murky when the lethal cocktail of wealthy mainland gamblers is mixed with Macau casinos and huge debts. In Yang Kun’s case, it seems banking and gambling were a disastrous mix.

Wednesday, 22 May, 2013, 1:27am

Bocom profit slows as loan losses leap by a third

Bank of Communications (Bocom), the mainland's fifth-largest lender by assets, said net profit climbed 11.5 per cent in the first quarter but impairment losses on loans and advances surged by more than a third year on year.

26 Apr 2013 - 4:38am

China Development Bank grabs chance for aggressive global loan expansion

China Development Bank is now the world's largest for overseas loans and is playing a leading role in promoting Beijing's economic interests abroad.

13 Mar 2013 - 11:01am

DBS to expand Hong Kong loan book through China trades

DBS's 2012 yuan trade settlement surged 60 per cent year-on-year, said Sebastian Paredes, the Singapore-based bank's chief executive for Hong Kong. He predicted that business using the yuan will grow beyond the 17 per cent of total revenue that it reached last year.

13 Mar 2013 - 4:41am

Association bullish on loan market

Coming off a gloomy couple of years, the Asia-Pacific Loan Market Association has a positive outlook on the global loan market, because of the impact emerging markets are expected to have on it.

1 Feb 2013 - 5:22am

Manila, China inked rail loan payment deal amid row over contract's legality

The Philippine government and China's Export-Import Bank quietly signed an agreement last year for Manila to repay a concessional loan for the now-scuttled Northrail project.

1 Feb 2013 - 3:25am

Growing debt burden in mainland provinces causes concern

The debts of four provinces - Hubei, Jilin, Hainan and Hunan - are "fairly high" and may result in "high financial risks", said Terry Gao, an associate director at Fitch yesterday.

31 Jan 2013 - 2:40pm 2 comments

Letters to the Editor, January 23, 2013

Visionary in land-resource planning

Ian L. McHarg, who for over three decades was an influential advocate and practitioner of ecological planning, would have plenty to advise Hong Kong about, were he still alive.

23 Jan 2013 - 1:51am 3 comments

Chinese banks must raise their game

With China's new administration in place, the National People's Congress and Chinese People's Political Consultative Conference will meet again in March to come up with a new framework for the next stage of China's economic growth. Boosting household consumption and private-sector-led growth will be at the top of the agenda.

15 Jan 2013 - 3:41am

Japan to loan Myanmar US$615 million

Japan is to provide Myanmar with US$615 million in government loans, a report said on Sunday, just days after the United States scrapped a ban on most imports from the long-isolated Southeast Asian nation.

18 Nov 2012 - 11:25am

Microcredit boom on mainland set to stay

When people talk about China's financial market, they naturally refer to the capital market such as stock trading, or the banking sector like personal savings or commercial lending. After all, this is the more visible mainstream market.

1 Oct 2012 - 4:21am

China Merchants rises in earnings and bad loans

China Merchants Bank, the country's sixth-largest lender by market capitalisation, said bad loans rose for the second consecutive quarter as credit quality in the Yangtze River and Pearl River Delta regions deteriorated.

18 Aug 2012 - 3:10am

Don't coddle students who default on loans

Officials at the Student Financial Assistance Agency should feel ashamed for proposing unworkable solutions to clamp down on student loan defaults. It's a no-brainer. The agency's suggestion to lengthen the repayment period and lower interest rates will help to increase the number of defaults, not cut it.

15 Nov 2011 - 12:00am

Tackling student loans

The student loans agency is planning to restrict the amount of money that students receive, lower interest rates and extend the repayment period to try to sort out the problem of people not paying back loans.

The Student Financial Assistance Agency said the problem of bad debts is increasingly worrying, despite a healthy economy.

10 Nov 2011 - 12:00am

Moves to ease student debts

The student loans agency has proposed measures to tackle what the government says is the increasingly worrying problem of bad debts. They include lowering interest rates and lengthening the period of repayment to as long as 17 years.

9 Nov 2011 - 12:00am