Former Benefun executive faces ICAC fraud charge
Lawrence Lo King-fat, a former senior executive of Hong Kong-listed China Environmental Resources, and Choy Ping-fai, a proprietor of an investment company, have been charged by the Independent Commission Against…
SFC plans new look at protections for investors
The Securities and Futures Commission (SFC) plans to review the so-called professional investor regulatory regime to improve protection for more casual investors and to bring Hong Kong in line with…
Dragonair gets more planes, eyes new routes
Shrugging off the uncertainty in the global economy, Dragonair will undertake its first major expansion since 2006 by increasing its fleet size by a fifth to 38 this year. Home/Business/Markets…
Business Digest
Fitch Ratings cut Greece’s credit grade two levels after the country got approval to proceed with a bond exchange that will reduce its debt burden and avert the collapse of…
Modest growth tipped for HK in next five years
Industry players expect modest single-digit annual growth for Hong Kong’s logistics sector in the next five years, despite mainland officials asking the city to join Shenzhen’s 285 billion yuan (HK$…
Regulator’s income structure needs review
The Securities and Futures Commission is rolling in cash at a time of belt-tightening in the financial sector, says Enoch Yiu. Home/Business/Markets…
Hang Seng falls despite Greece deal
Hong Kong shares were 0.47 per cent lower by the break on Tuesday, despite euro zone ministers agreeing a second crucial bailout for Greece after marathon talks in Brussels. Home/Business/Markets…
Guessing game on home prices in China
An intense guessing game is underway in China about how far property prices will need to fall before Beijing is persuaded to lift its anti-speculative measures aimed at cooling down…
Yuan funds prove ‘lure’ for foreign capital
The lure of high returns on yuan bonds is encouraging foreign investors to place capital with the first offshore yuan-denominated funds now being marketed abroad, according to James Wang, the…
