Issue: February 11, 2009   (Archive)
Friday, October 31, 2014   

Lenders report profits up amid souring debt
Three mainland banks reported profit growth in the first three quarters but the results were marred by a surge in bad loans.

Slowdown hits ICBC
Industrial & Commercial Bank of China (1398), the world's largest lender by assets, reported its biggest jump in bad loans since at least 2006 as the property market dipped and the economy cooled.

Visa curbs hit Macau, says MGM
Pansy Ho Chiu-king, co-chairperson of MGM China (2282), said the mainland's visa restrictions on traveling to Hong Kong has had an impact on visitor arrivals in Macau, TDM News reported.

Expansion on minds of mid-sized firms
Mid-sized businesses in Hong Kong are gearing up for expansion next year despite the bleak outlook for the local economy, an American Express survey has found.

Outlook calm as Fed seen unlikely to change course
Strong US consumer confidence data provided an an excuse for investors to buy equities, taking the Dow Jones Industrial Average above 17,000.

Developer puts onus on staff to buy in projects
Country Garden (2007) will require staff to buy 15 percent of any new project it is acquiring, as banks tighten financing to developers amid a lackluster property market in the mainland.

New flat sales to hit record despite curbs
New flat sales are set to hit record highs this year as primary registrations up to Monday had already reached HK$141.74 billion, up 53.3 percent from a year earlier, figures from the Land Registry show.

Uncertain times, but local stocks fare well
Amid Occupy Central, fears of Ebola and uncertainty in the European economy, local stocks have not done badly.

Protest takes its toll on Belle sales
Belle International Holdings (1880) saw its first sales drop in Hong Kong during September and October due to the democracy protests, chief executive Sheng Baijiao said.

Austar comes to life
Austar Lifesciences has attracted HK$15.36 billion in margin orders at 10 securities firms in its first day of retail bookbuilding yesterday.

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