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宏亞按揭證券有關公司(“宏亞按證”) 是一家建基於香港的創新金融服務公司,專門從事資產證券化及資本市場融資。

2007文章匯集

Low rates setting HK up for eventual market fall

(Published by South China Morning Post, 21 Nov 2007) In my Concrete Analysis piece in April, I clearly underestimated the impact of the subprime mortgage meltdown and its effects on the broader credit markets. Estimates of the expected credit losses attributable to the subprime mortgage market have …

Following Fed rate action counterproductive move

(Published by South China Morning Post, 22 Aug 2007) A year from now, this will be the year many will remember as when they expected another big global financial market adjustment following ‘Black Monday’ in 1987 and the Asian financial crisis in 1997. As with all such corrections, the a…

Mortgage data is missing piece in credit puzzle

(Published by South China Morning Post, 30 May 2007) In August 2003, Hong Kong improved the personal data collection of consumer credit information by collecting positive credit data for all unsecured loans from banks and other financial institutions. In Hong Kong, positive credit data comprises all…

Sub-prime loans natural evolution of easier cash

(Published by South China Morning Post, 11 Apr 2007) Never have I received more e-mails or telephone calls about what has been going on in the sub-prime mortgage market in the United States than in the past month or so. Let me try to put things in simple English. First, what is sub-prime mortgage le…