Banker's death highlights risks for business in China

Article Abstract:

The murder of Credit Lyonnais executive Kevin Kong in China's Jiangxi province shows how the country's growing crime problem is starting to affect foreigners. Experts state that foreign executives are increasingly being targeted for robbery, kidnapping or extortion. In most cases, the perpetrators are common criminals but there have been instances when the culprits were disgruntled employees or unhappy business partners. Some observers, however, downplay the problem, saying that China is no different than other countries in the region.

China, Crimes against, Crime, Visitors, Foreign, Foreign visitors, Kong, Kevin

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Standard Chartered raises mortgage rates in Hong Kong

Article Abstract:

Standard Chartered Bank in Hong Kong has raised its rates on residential mortgage loans due to higher Interbank lending rates. The company has effectively pegged its rates at 9.75% from prices between 9.25% and 9.5% according to company regional treasurer Stanley Wong. Mortgage banks have been putting off interest rate increases due to fears of a dampening property and stock markets and the company's move is seen to signal the start of a trend of higher rates being set by most mortgage banks.

Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Banking industry, Prices and rates, Hong Kong, Mortgage banks, Mortgages, Bank fees, Standard Chartered Bank PLC

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