• Tue
  • Sep 23, 2014
  • Updated: 10:17am

Public Finance

No quick fix for cancer of local government debt

For the mainland's financial markets, government intervention at every level continues to distort prices and hamper growth.

But in some sectors, such as the local-government debt market, intervention doesn't seem like such a bad idea.

Wednesday, 27 June, 2012, 12:00am

Policy U-turn as debt piles up

National lawmakers have made a policy U-turn, barring local governments from directly issuing bonds as concerns mount over their runaway debts.

27 Jun 2012 - 12:00am

New tax could hit owners of UK homes

Wealthy Hong Kong residents who own property in Britain could be facing a hefty tax slug if a new law is passed.

Changes to British property taxation rules, announced in the March budget, will hit those who have established companies to buy residential property worth more than GBP2 million (HK$24.2 million).

24 Jun 2012 - 12:00am

Dim-sum bond offer to central banks

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

Rate cut bolsters market sentiment at new projects

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

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.

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