China banks curb loans to commodities firms in hot-money battle

Chinese commodities firms importing everything from gold and rubber to base metals are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing's orders to rein in currency speculation. Photo: Reuters

Chinese commodities firms are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing’s orders to rein in currency speculation.

Wednesday, 22 May, 2013, 5:02pm

Being right too early is as bad as being wrong

Being right too early is as bad as being wrong

I was wrong, badly wrong. Back in February this column looked at the prospects for commodity markets in 2013. With prices down, and major mining companies announcing losses, I examined the arguments that prices had further to fall.

17 Apr 2013 - 5:36am 2 comments

The Shanghai rubber bubble of 1910 holds a lesson for today

David Harding

When you are reputed to be London's most highly paid hedge fund manager, you can afford to indulge in a few whims. David Harding's whims are a tad unusual, however.

12 Apr 2013 - 5:43am

A rubber stamp of your own for keeps

There is a great way to personalise your notebooks and wrapping paper: you can use rubber stamps to make them uniquely your own.

Find out how artist Addis Fung carves this scholarly bunny onto a chop.

What you'll need:

Baking or tracing paper



Different-sized craft knives

15 Aug 2012 - 11:08pm


'Money hasn't changed who I am. My feet are still on the ground. I just wear better shoes' Oprah Winfrey - American millionaire talk show host.

Pass me my shoes

A shoe is something you wear on your foot, but there are many kinds of shoes. What sort of footwear are the following?

1 clogs

9 Dec 2009 - 12:00am

The Children's Paradise

A look at the illustrations of Lo Koon-chiu, including Rubber-band Rope Skipping (right), through the children's comic book. Daily, 10am-6pm, (Sun and public holidays until 7pm), closed Tue, HK Heritage Museum, 1 Man Lam Rd, Sha Tin, HK$10, free on Wed. Inquiries: 2180 8188. Ends Mar 2

21 Sep 2008 - 12:00am

Diversely based school boards create principals' autocracies

I am sure nobody likes to see bad governance and misuse of public money.

When it happens it should be exposed. However, sometimes when taxpayers' money is squandered we overlook it. I am referring to what is known as the school-based management policy that was introduced to government-aided schools.

11 Aug 2008 - 12:00am

Clothes encounter

It's not every day a fashion installation encourages its guests to try on quirky exhibits made from latex, laminate strips and wire twists. Then again, it's not every day a model slips off a daring flesh-coloured latex all-in-one to reveal herself in her birthday suit.

9 Dec 2007 - 12:00am

Farmers felled by slump tap into a rubber rebound

Rubber farmer Azizah Hamdan suffered in poverty for years because the price of latex averaged a few cents a kilogram, making it uneconomical to tap the trees.

She abandoned her two-hectare plot in Dengkil to the weeds and lived on an allowance from her daughter, a bank clerk in Kuala Lumpur, 60km away.

17 Feb 2006 - 12:00am

Boys prepare for big catch

Tune in to Radio 4's Songbirds tonight at 9.30pm for the first episode of the comic fantasy story series Oil Drum Genii.

2 Dec 2004 - 12:00am

SAR women go out on winning note

Odense, Denmark: Hong Kong finished 11th at the World Women's Squash Team Championship after overcoming Ireland 2-1 in the playoff for 11th place yesterday.

21 Oct 2002 - 12:00am

50 Years Ago...

Meeting raises oil hopes

Teheran (May 30): New hopes of a solution to the Persian oil dispute rose to-day when Premier Mossadegh, father of the nationalisation law, left his barricaded office in the Parliament building and had lunch with Mr Henry F. Grady and Sir Francis Shepherd, the American and British Ambassadors.

27 May 2001 - 12:00am

Rubber tyres bounce back in highway construction

Discarded tyres will be hitting Hong Kong roads again under a locally developed scheme to pave highways with recycled rubber.

Scientists are working with officials to test the scheme on local roads in September, with commercial use scheduled for next year.

21 May 2001 - 12:00am


I refer to Ray McGuire's letter (South China Morning Post, January 17) about exploding tyres on our expressways.

31 Jan 2001 - 12:00am

Rubber burden bounces right back

Get yourself ready for the last hurrah of one of the most classic sunset industries to be found in Asia. The International Natural Rubber Organisation (Inro), a price-fixing cartel that has finally had to admit it can no longer fix prices, is dead.

12 Oct 1999 - 12:00am