Standard Chartered Bank will continue to invest and hire in the second half of this year, after posting record first-half profits for the 10th consecutive year.Wednesday, 15 August, 2012, 10:51pm
Hong Kong's economy faces a 'rocky' time ahead, the financial secretary said yesterday, as the city's bourse slumped again, wiping out its gains for the year.5 Jun 2012 - 12:00am
China's banking watchdog has warned trust companies to stop selling investments backed by banks' so-called discounted bills.
It is one of the latest moves aimed at monitoring lenders' off-balance-sheet risks, according to people familiar with the matter.14 Jan 2012 - 12:00am
With a stalling economy, Hong Kong banks are likely to see more of their customers struggle to make loan payments on time this year, after an aggressive expansion in the amount of money lent out in 2011, analysts said yesterday.11 Jan 2012 - 12:00am
A new danger has emerged to Hong Kong from the spiralling debt crisis in the European Union as financing for everything from infrastructure to factories dries up.23 Dec 2011 - 12:00am
New lending by banks on the mainland grew faster than expected last month, indicating policy fine-tuning by Beijing is under way to counter an economic slowdown.
Mainland banks extended 562.2 billion yuan (HK$689.99 billion) in new local currency loans in November, the People's Bank of China said yesterday.15 Dec 2011 - 12:00am
Beijing's move to cut the amount of funds banks must hold in reserve is expected to unleash 396 billion yuan (HK$483.6 billion) into the financial system and improve the profitability of lenders.2 Dec 2011 - 12:00am
The Shanghai government issued 7.1 billion yuan ($HK8.7 billion) in bonds yesterday and it proved an easy sale, as institutions indicated confidence in the city's financial strength by snapping them up.16 Nov 2011 - 12:00am
A total of US$20 billion flowed out of Asian markets in August and September, with Taiwan and South Korea accounting for 73 per cent of the total, the mutual fund tracker EFPR said.15 Nov 2011 - 12:00am
Two of the mainland's largest banks saw increases in bad loans in the third quarter, signaling what some analysts say is the end of nearly a decade in which bad loans declined.2 Nov 2011 - 12:00am
China Minsheng Banking Corp said outstanding loans to local government financing vehicles continued to drop in the third quarter and it expected capital levels to improve when it completes its latest bond and equity issuance.1 Nov 2011 - 12:00am
Major mainland banks yesterday reported improvements in profits and asset quality but analysts warned net income growth would cool and bad loans would pick up in the near future.27 Oct 2011 - 12:00am
Cash is once again king. Amid a deteriorating global economy, private banks and wealth managers are warning clients to stay away from equities, forecasting that more risks are on the horizon.10 Oct 2011 - 12:00am
When times were good, practically everyone was happy with the rise of the mainland's makeshift banks.
Owners of private businesses could get loans that were difficult to coax from state-owned banks. Investors got stupendous returns for putting their money in them. Officials ignored the banks' illegality, or even invested their own money, because the economy was humming.6 Oct 2011 - 12:00am
Mainland consumer lending is expected to triple to 21 trillion yuan (HK$25.6 trillion) by 2016, driven by rising personal incomes and strong economic growth.
The consumer loan balance, which includes home mortgages, credit cards, car loans and consumer finance, may grow at an average annual rate of 24 per cent from 7 trillion yuan in 2010, said Boston Consulting Group (BCG).1 Sep 2011 - 12:00am