Wealthy Hong Kong residents who own property in Britain could be facing a hefty tax slug if a new law is passed.Sunday, 24 June, 2012, 12:00am
China started tendering a record 23 billion yuan (HK$28.3 billion) worth of 'dim sum' bonds in Hong Kong yesterday. And, for the first time, it earmarked 2 billion yuan of the sovereign bonds for overseas central banks and monetary authorities, who will be able to buy them through the Hong Kong Monetary Authority (HKMA).22 Jun 2012 - 12:00am
Mainland property sales showed signs of recovery at the weekend in the wake of a cut in interest rates - but analysts believe a meaningful rebound now greatly depends on the performance of the economy.13 Jun 2012 - 12:00am
China cut interest rates for the first time since 2008 yesterday in a surprise move that underscores Beijing's concerns about a hard landing for the world's second-biggest economy.
Also, in an unprecedented move, Beijing decided to allow banks more flexibility to set their rates, in what economists say is a key step towards sweeping financial reform.8 Jun 2012 - 12:00am
How to tackle a widening wealth gap is the challenge for many governments around the world. Pressured by an increasingly discontented society in 2010, our government answered the call with a joint venture with the business sector - each to donate HK$5 billion to set up a Community Care Fund to help the poor.29 May 2012 - 12:00am
The share prices of leading appliance and automotive companies rose yesterday on news of mainland government subsidies for energy-efficient cars and home appliances.
However, analysts warned that the outlook was not rosy for the mainland appliance market.18 May 2012 - 12:00am
In a move designed to boost domestic consumption and cut carbon emissions, the central government has earmarked 26.5 billion yuan (HK$32.5 billion) in subsidies for energy-saving home appliances.17 May 2012 - 12:00am
Beijing faces a bumpy road ahead as it tries to wean itself from relying too heavily on investment to drive the economy, and as debt accumulated during the lending binge after the global financial crisis starts to put pressure on government loan books.15 May 2012 - 12:00am
The European think tank Breugel recently produced a report suggesting there was a fundamental 'trilemma' between the European monetary union, national banking systems and the lack of fiscal union. This added a twist to the old argument that, for a single currency, you need a single fiscal policy.28 Apr 2012 - 12:00am
There is a debt instrument that yields more than 6 per cent. It is simple, transparent, low fee, and involves no currency risk. It is easily traded on the Hong Kong exchange. The issuer is rated triple A (Standard & Poor's). It is the iBond.
Money Post, SCMP, April 2324 Apr 2012 - 12:00am
Beijing has a knack for making policy announcements when they are most likely to add to the nation's political capital. True to form, the central government has widened the trading band of the yuan ahead of meetings in Washington of the International Monetary Fund, the World Bank and the G-20 summit. This is when China usually comes under pressure to allow the exchange rate to rise.21 Apr 2012 - 12:00am
After the drama surrounding the chief executive election, Hong Kong has started to accept the result and the expectations for positive change are high.
Obviously, one of the most prominent social problems is the disparity between the rich and the poor.19 Apr 2012 - 12:00am
Just a day after showing signs of losing steam amid a bleak economic outlook, mainland stocks yesterday jumped the most in more than two months as investors bet on monetary easing.19 Apr 2012 - 12:00am
The more I study the Indian and Chinese growth models, the more I realise that the debate over the state versus the market is a false dichotomy. Both the state and the market are inseparable, interactive and interdependent social institutions.14 Apr 2012 - 12:00am
In order to facilitate internet learning for students from low-income families, the government launched a HK$220million programme. The five-year Internet Learning Support Programme, which was introduced in the 2010 budget and rolled out last July, planned to help students acquire affordable computers and internet access.7 Apr 2012 - 12:00am