Since China's era of reform and opening up began, the country has experienced three instances of large-scale public-finance problems. In the late 1970s, it faced a debilitating fiscal deficit. In...
- Tue
- May 21, 2013
- Updated: 12:37am
Trending topics
31 Dec 2012
Fixed income was the hot asset of 2012, producing equity-like returns for debt-like risks. Within it, Asian bonds issued in US dollars produced stellar returns for investors.
4:58AM
29 Dec 2012
Hong Kong stock prices will will see growth in the low teens next year amid ample liquidity and a recovery on the mainland, say market players.
4:58AM
13 Dec 2012
The mainland's central bank will ease its monetary policy next year, with the amount banks are expected to keep in reserve to be cut one or two times, the Bank of China forecast yesterday.
3:34AM
7 Aug 2012
A liquidity crisis has erupted in the mainland's steel trading industry, with about 20 cash-strapped steel trading firms sued by their creditor banks for missing loan repayment deadlines,...
11:08PM
16 Jun 2012
Hong Kong banks began lowering yuan interest rates yesterday, after liquidity rose on the back of new measures introduced by the Hong Kong Monetary Authority (HKMA), the de facto central bank....
5:42PM
Mainland developers are in for hard times this year, but a loan default by a cash-strapped homebuilder is unlikely despite tough operating conditions and a tight credit market, say analysts.
... 10:36AM
With the government determined to crack down on speculation and the global business climate remaining uncertain, selling property is not as easy as it was a year ago.
6:33AM
Ratings agency Fitch is warning of a potential wave of bank bailouts echoing those of 2008, with smaller cash-strapped mainland banks having to be rescued.
2:22AM
Stock investors have had their worst quarter since the outbreak of the global financial crisis in 2008 and are nursing losses that run into millions of dollars.
9:05PM
To students of economics, Hong Kong's transformation in the 1950s and 1960s to a manufacturing centre and in the following two decades to a regional financial, trading and transport hub was...
6:20PM
Everyone likes to deliver positive news and, as president of the Hong Kong Institute of Bankers (HKIB), Peter Wong Tung-shun finds himself in that fortunate position.
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