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.

Commercial Banks, Commercial Banking, Government regulation (cont), Interest Rates, Banking industry, Economic policy, Hong Kong Association of Banks

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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.

Government regulation, European Union, Marine cargo handling, Ports, Planning, Hutchison Whampoa Ltd., Transportation policy, European Union. European Commission, Marine cargo handling industry

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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.

China, Sales & consumption, Real Estate, Real Estate and Rental and Leasing, Statistics, Real estate industry

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