by Cheng Lok-Man. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1999. / Includes bibliographical references (leaf 106). / ABSTRACT / TABLE OF CONTENTS / LIST OF ILLUSTRATIONS / LIST OF TABLES / Chapter / Chapter I. --- INTRODUCTION / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Methodology --- p.2 / Chapter 3. --- Source of Information --- p.3 / Chapter 4. --- Structure of the paper --- p.4 / Chapter II. --- THE EMERGENCE OF NEW VEHICLE ~HONG KONG MORTGAGE CORPORATION / Chapter 1. --- History --- p.6 / Chapter 1. --- Reasons for the Property Boom (1990-1994) --- p.6 / Chapter a. --- Diminishing Real Interest Rate --- p.6 / Chapter b. --- Demand- Supply Mechanism --- p.6 / Chapter c. --- Chinese Economy and Psychological Effect --- p.6 / Chapter 2. --- Loan mix of the Banking Sector --- p.7 / Chapter 3. --- Mortgage War --- p.7 / Chapter 2. --- Framework of HKMC --- p.8 / Chapter 3. --- Mechanism of HKMC --- p.9 / Chapter 4. --- Phenomenon of the Mortgage Market in Hong Kong --- p.10 / Chapter III. --- MORTGAGE CORPORATION: THE WHOLE PICTURE / Chapter 1. --- Benefits of Hong Kong Mortgage Corporation --- p.13 / Chapter 1. --- Contribution to Home Financing --- p.13 / Chapter 2. --- Banking Stability --- p.14 / Chapter 3. --- Monetary Stability --- p.15 / Chapter 4. --- Development of Debt Market --- p.16 / Chapter 2. --- "Mortgage market in United States, Canada & Hong Kong" --- p.16 / Chapter 1. --- Hong Kong --- p.17 / Chapter 2. --- United States --- p.17 / Chapter 3. --- Canada --- p.18 / Chapter 3. --- Limitation of Hong Kong Mortgage Corporation --- p.19 / Chapter 1. --- Banks are not urgent to sell the mortgages --- p.19 / Chapter a. --- The Attitudes of Local Banks --- p.20 / Chapter b. --- The Attitudes of Foreign Banks --- p.21 / Chapter 2. --- Limit Capital Base --- p.22 / Chapter 3. --- The Issue of Fixed Rate Mortgages --- p.22 / Chapter 4. --- Practical Problems of Mortgage Corporation --- p.23 / Chapter 1. --- Differential Attitudes of HKMC & Banking Sector --- p.23 / Chapter 2. --- Unclear Attitudes of the Parties that related to HKMC: Are they helpers or the enemies? --- p.25 / Chapter a. --- Investors --- p.25 / Chapter b. --- Credit Rating Agency --- p.26 / Chapter c. --- Insurance Companies --- p.26 / Chapter 3. --- Over Optimistic of Risk Management --- p.27 / Chapter a. --- Risk arising from Operation --- p.27 / Chapter 1. --- Credit Risk --- p.27 / Chapter 2. --- Interest Rate Risk --- p.28 / Chapter 3. --- Prepayment Risk --- p.29 / Chapter 4. --- Operational Risk --- p.30 / Chapter b. --- Risks arising from issuing of Mortgages Backed Securities --- p.30 / Chapter 1. --- Delivery Risk --- p.31 / Chapter 2. --- Interest Rate Risk --- p.32 / Chapter 3. --- Issue in the pricing of mortgage backed securities --- p.32 / Chapter IV. --- PERFORMANCE OF THE MORTGAGE MARKET AND HKMC AFTER SET UP / Chapter 1. --- Pilot Scheme of Fixed Rate Mortgage in Hong Kong --- p.33 / Chapter 2. --- Relaxation and Simplification of mortgage loan criteria --- p.35 / Chapter 1. --- Simplification of the purchase of mortgage loans --- p.35 / Chapter 2. --- Relaxation of the criteria of the mortgage loans accepted by HKMC --- p.36 / Chapter 3. --- Debt Issuance Activities --- p.37 / Chapter 1. --- Note Issuance Programme (NIP) --- p.37 / Chapter 2. --- Debt Issuance Programme (DIP) --- p.38 / Chapter 4. --- Forward Commitment Facility --- p.39 / Chapter 5. --- Mortgage Guarantee Scheme --- p.40 / Chapter 6. --- Board of Director --- p.43 / Chapter 7. --- Performance of mortgage market --- p.44 / Chapter V. --- THE REACTION TOWARDS THE POWERFUL VEHICLE / Chapter 1. --- Banking Sector --- p.46 / Chapter 2. --- Home Buyers --- p.46 / Chapter 3. --- Property Developers --- p.49 / Chapter 4. --- Insurance Companies --- p.50 / Chapter 5. --- Hong Kong Monetary Authority and Hong Kong Mortgage Corporation --- p.50 / Chapter VI. --- RECOMMENDATION & CONCLUSION / Chapter 1. --- Recommendation --- p.53 / Chapter 1. --- "Setting of the Fixed Adjustable Rate of Mortgage (""FARM"")" --- p.53 / Chapter 2. --- Ways of Promoting the Debt Securities --- p.54 / Chapter 3. --- The Issue of Mortgage-Backed Securities (MBS) in the second stage of development --- p.55 / Chapter 4. --- Option in Debt Papers in US Dollars Denomination --- p.57 / Chapter 5. --- Clarification of the Top-up Loan Arrangement --- p.57 / Chapter 2. --- Conclusion --- p.58 / Chapter 3. --- Last Word --- p.59 / APPENDIX --- p.60 / BIBLIOGRAPHY --- p.106
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_322465 |
| Date | January 1999 |
| Contributors | Cheng, Lok-Man., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, ix, 106 leaves : ill. ; 30 cm. |
| Coverage | China, Hong Kong, China, Hong Kong, China, Hong Kong |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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