Public Finance | South China Morning Post
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Public Finance

Bank rates cut for first time in four years

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.

Friday, 8 June, 2012, 12:00am

Care fund due for spending review

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

Green subsidies push up appliance and auto shares

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

Subsidies unveiled for energy-saving home appliances

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's level of debt casts doubt on credit rating

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

Forget a banking union, only fiscal discipline can save the euro zone

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

Putting faith in government iBonds is more iDiocy

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 23

24 Apr 2012 - 12:00am

Wider yuan trading a key reform step

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