Rumors of rate reduction shake up equity markets

Article Abstract:

China's People's Bank could lower interest rates around July 1, 1997, the day Hong Kong will be handover to China, according to some analysts. The move is seen as China's way of putting a more positive spin on the handover, and with inflation almost at zero, the likelihood of such a move is high. However, officials at the central bank are not commenting on the interest rate cuts. A politically-motivated interest rate reduction could damage the central bank's image as a market-oriented regulator.

Prices, Interest Rates, Federal Reserve Banks, Monetary Authorities - Central Bank, Management, Economic aspects, Inflation (Finance), Inflation (Economics), People's Bank of China

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Hong Kong investors may get active

Article Abstract:

The Hongkong Association of Minority Shareholders is a proposed group to increase shareholder activism and would include the key areas of policy, corporate governance ratings, and enforcement. The functions of such a group may not be easy to implement, but the problems with poor corporate governance certainly need to be checked somehow.

Column, Economic policy

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Count intangible assets for good of your financial health

Article Abstract:

New Hong Kong accounting rules are requiring companies to write off goodwill against earnings over a span of up to 20 years. The new measures on intangible assets will allow investors to see a truer picture of a company's earnings and discover winners and losers in a merger.

Financial management, Business Aid & Regulation NEC, Laws, regulations and rules, Accounting and auditing, Accounting, Goodwill (Business), Business assistance

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