Banks may face a wave of consolidation in Hong Kong
Article Abstract:
The Hong Kong Association of Banks has announced that it will do away with set interest rates on bank accounts. Analysts believe that this will trigger a massive consolidation of the Hong Kong banking industry because bigger banks will be able to offer better rates and smaller banks will lose customers. There are some 25 smaller local banks in Hong Kong that may have trouble in a more competitive market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Hutchison's plan to create port network faces scrutiny
Article Abstract:
Hutchison Whampoa Ltd. is planning to form a global network of ports, but it may face resistance from regulators fearing that the world's largest container-port operator could create a monopoly. Although the European Commission is allowing Hutchison to acquire a Rotterdam container operator, a stronghold in Europe will be harder to obtain.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Hong Kong real estate loses to cities in mainland China
Article Abstract:
Buying homes in Hong Kong is now less expensive than renting, but many residents are unwilling to invest in local property since the 1997 market crash. About 10,000 to 14,000 Hong Kong residents bought homes in Shenzhen, China, last year, and Hong Kong property developer sales dropped 32% from 2000 to 2001.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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