Issue: April 20, 2012 (Archive)

Friday, May 24, 2013

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Leung won't let us down, says property developer
A property developer yesterday expressed confidence in the incoming administration amid worries that Hong Kong's new chief executive will boost land supply, dragging home prices lower.

Connections denied in Macau
Chinese Estate Holdings (0127) chairman Joseph Lau Luen-hung said there were no connected transactions when the firm acquired several sites in Macau.

IPO sponsors may face tougher rules
The Securities and Futures Commission will launch a public consultation paper about imposing tougher rules on sponsors of initial public offerings this month, chairman Eddy Fong Ching confirmed yesterday.

HK jobless figures hold steady
Hong Kong's jobless rate remained steady at 3.4 percent in the first quarter.

Seek likely survivors in the property crunch
Some mainland developers have been unable to sell homes because of high asking prices. Rather than cut prices of individual flats, these firms now want to settle on prices for entire projects.

IMF has US$320b for euro zone battle crisis
The International Monetary Fund said yesterday it had raised US$320 billion (HK$2.48 trillion) so far in a bid to boost its firepower to deal with the euro zone debt crisis, with Poland and Switzerland joining the effort.

OOIL to hike freight rates a third time
International transport and logistics service provider Orient Overseas (International) (0316) plans to raise freight rates for the third time this year to offset the impact of rising costs.

Offshore yuan futures on cards
Hong Kong Exchanges and Clearing (0388) is set to launch offshore yuan futures in the third quarter, subject to regulatory approval.

China plans to boost liquidity
China's central bank said it will boost liquidity in the financial system as the nation's top four state-owned banks reported a huge net deposit outflow in the first two weeks of this month.

Anhui Conch net slumps 44pc
China's largest cement producer by output, Anhui Conch (0914), said earnings slumped 44 percent in the first quarter from a year ago.

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