BOC tops city's mortgage share

BOC Hong Kong Ltd snapped up the biggest share in Hong Kong's mortgage lending market, accounting for 20.1 percent of the total mortgage lending for completed and existing properties in 2012, mReferral Mortgage Brokerage Services said on Wednesday.

HSBC was the second biggest mortgage lender, with a market share of 19.4 percent. Hang Seng Bank and Standard Chartered followed with a market share of 17.8 percent and 10.5 percent respectively.

Tiangong buys 60% of FAW unit

Tiangong International Company Limited, China's largest integrated high-speed steel and high-speed steel cutting tools manufacturer, said it had agreed to acquire a 60 percent interest in a unit of First Automobile Works (FAW), a major auto maker in China.

The FAW unit is mainly engaged in the production of complex cutting tools and special tools, Tiangong said in a statement filed with the stock exchange. It did not reveal the terms of the transaction.

Shimao contract sales up 70%

Shimao Property Holdings Ltd said its 2012 full-year contract sales increased 50 percent to 46.1 billion yuan, exceeding its target of 30.7 billion yuan.

For December alone, contracted sales surged 70 percent to 3.81 billion, according to a statement to the HK stock exchange on Wednesday.

Beijing Capital hits 2.26b yuan sales

Beijing Capital Land Ltd said its contracted sales for December 2012 increased 145 percent to 2.26 billion yuan from a year earlier.

Bloomberg

(HK Edition 01/03/2013 page2)