Microlending is well-aimed aid

The international community has failed to help many of the world's poor. Could you or I do better without even spending a dollar? Around this time of year, many of us think about how we can make a tiny slice of the world a better place through giving to those in need.

Wednesday, 2 January, 2013, 2:52am

Microcredit schemes struggling to aid China's rural poor

Zhang Xiulan with her pigs in Yixian county, Hebei. Loans from microcredit provider Project Happiness helped her expand to 300 animals within two years. Photo: Josephine Ma

The first investments by a long-awaited fund dedicated to helping the poor through financial services has helped shed light on the huge hurdles still facing microcredit organisations in rural China.

10 Dec 2012 - 5:30am

Billionaire Wu Qiang looks for a safe base abroad to protect his business

Wu Qiang

As one of the relatively young billionaires to have emerged during the mainland's rapid economic boom over the past decade, Wu Qiang, 37, tried his hand at several businesses before striking gold in the cement industry, which has flourished in recent years as China has tried to maintain growth through massive infrastructure projects.

8 May 2015 - 9:46am 1 comment

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.

8 May 2015 - 9:46am

Who said it?

Every person has a selfish but also a selfless side. It's important to bring out the selflessness in people

Muhammad Yunus, Nobel Peace Prize laureate and microcredit pioneer, on a vist to HK

This case has been like a huge stone weighing on me for more than half a year. What a nightmare

15 Aug 2012 - 11:30pm

Out of the shadows

Wenzhou is known as a place of the fast buck and the even faster fortune. For 30 years, illegal underground banks have helped grease the wheels of commerce and built the city's reputation as the country's entrepreneurial capital.

23 Apr 2012 - 12:00am

HK$100m scheme aimed at little guy

The Hong Kong Mortgage Corporation plans to roll out a HK$100 million lending scheme for the self-employed and fund-starved businesses in the government's latest move to support smaller firms.

Under the plan, small microfinance loans will be provided at below market-interest rates along with entrepreneurial training and business-plan development.

3 Feb 2012 - 12:00am

To boost rural incomes, Beijing could ease micro-finance rules

China's leaders talk a lot about lifting incomes for the country's rural poor.

Their talk is unconvincing. In many cases the ground-level implementation of government policies hinders rather than helps wealth creation among the 54 per cent of the population who still live in the countryside.

23 Mar 2011 - 12:00am

Microcredit still sowing the seeds of success

Recently, I went to bed feeling like a frozen corpse. I was up in the Himalayas, not dressed for the occasion. Fortunately, the little hotel in which I lodged provided its guests with duvets almost half a metre thick. Once awake in the morning, all was forgiven. I was in the Ganges valley in the foothills of the Himalayas. From where I stood, it was a mighty drop to the river.

21 Dec 2010 - 12:00am

Casey Wilson

TOP OF THE POPS My father is part French, Spanish, black and Native American. He is 88 years old and he grew up in the 1920s, when his family was not accepted by blacks or by whites. Luckily, during the second world war, because he was in the army, he got the opportunity to go to college and graduation school for free because of the G.I.

13 Dec 2009 - 12:00am