Stock Market Crashes

Five years after crisis began, we still can't see the elephant

Five years after crisis began, we still can't see the elephant

The global financial crisis is five years old - more or less. There is some disagreement over when precisely it began. A lot of newspapers now seem to have fixed on August 9, 2007, as the fateful day.

Friday, 17 August, 2012, 5:54am

China's Economic Superpower Aspiration in the New Paradigm

China's Economic Superpower Aspiration in the New Paradigm by Chi Lo Enrich Professional Publishing

Many China watchers view the country's recent ascent through the prism of global political and economic rivalry. They ask: is the mainland getting stronger or weaker vis-a-vis the West, especially the United States?

22 Jul 2012 - 12:00am

Money troubles still giving ailing world the blues

Iceland - Recovery success

26 Jun 2012 - 12:00am

Tsang's warnings are on the money

Hong Kong's property market has come through some turbulent times since the handover - the Asian financial crisis, the Sars outbreak and the global financial crisis. Many people still have painful memories of years of struggle to emerge from negative equity in their properties after the first two events.

10 Jun 2012 - 12:00am

Turn off the money pump

Any attempts by Beijing to dust off infrastructure projects unfinished after the last stimulus package in a bid to revive a slumping economy could do more harm than good, potentially causing a property bubble and a blowout in local government spending, independent economist Andy Xie Guozhong warns.

25 May 2012 - 12:00am

Developers to beat tough times

Mainland developers are in for hard times this year, but a loan default by a cash-strapped homebuilder is unlikely despite tough operating conditions and a tight credit market, say analysts.

19 Mar 2012 - 12:00am

Euro move to tweak rules on capital

The European Parliament may amend controversial legislation on tightening banking capital requirements in an effort to stem debt contagion, a representative said yesterday.

23 Feb 2012 - 12:00am

The lesson Europe could learn from the Asian currency crisis

Back in January 2010, when the true scale of Greece's budget deficit and debt problems first became apparent, this column argued that austerity was unlikely to be a practical solution to the crisis.

'Drastic spending cuts may prove more than the public are willing to swallow,' it warned. 'In that case, a Greek default and devaluation could follow.'

17 Feb 2012 - 12:00am

Luck running out Down Under

Hongkongers like Australia - they buy its government bonds and its mining shares, and there is a long-standing enthusiasm for deposits linked to the Aussie dollar.

There has been, through the years, a magical confluence of factors that make the Lucky Country a favoured destination for investor dollars: high interest rates, a strong currency and a booming economy.

13 Feb 2012 - 12:00am

Region's companies not always cash rich

Asia-Pacific companies had lower levels of liquidity than their counterparts in developed markets, and many lacked the support of committed long-term bank funding, rating agency Fitch said, dismissing a commonly held belief that companies in this region are cash rich.

1 Feb 2012 - 12:00am

Europe may spark chaos on Lehman scale

Europe's sovereign debt crisis has the potential to rock global financial markets on the scale of the collapse of Lehman Brothers in September 2008, says global investment firm Invesco.

21 Jan 2012 - 12:00am

Exchange Fund hit by global turmoil

The global stock market downturn has hit the city's Exchange Fund, resulting in its third worst year on record.

The fund, which supports the stability of the Hong Kong dollar under the oversight of the Hong Kong Monetary Authority (HKMA), reported investment earnings of HK$26.7 billion last year.

20 Jan 2012 - 12:00am

HK stocks start new year on a positive note

Hong Kong stocks rose 2.4 per cent yesterday on the first day of trade in the new year, lifted by news of an increase in manufacturing activity on the mainland and in India, the two major global economic growth drivers, as well as positive economic data from the United States.

4 Jan 2012 - 12:00am

Syndicated loans climb to new highs in Asia

Syndicated loan volume in the Asia-Pacific region, including Hong Kong, was the highest on record last year as economic growth increased corporates' demand for loans.

Bankers, however, predict loan amounts to drop this year as the euro-zone debt crisis slows economic growth and bank lending.

4 Jan 2012 - 12:00am

Asian economies tipped to withstand tactical retreat by European players

Anyone assuming the worst might be over for banks caught in the crossfire of Europe's sovereign debt crisis would do well to consider one fact. In the first half of 2012, institutions must roll over about Euro600 billion to Euro700 billion [about HK$6.1 trillion to HK$7.1 trillion] of outstanding loans just to keep national economies ticking along.

4 Jan 2012 - 12:00am