Tsang urges firms to list in HK
Chief Executive Donald Tsang Yam-kuen yesterday called on enterprises in central China to set up offices in Hong Kong and list on the local stock exchange. Speaking at the Central China Business Summit in Zhengzhou , he said the city could help provinces in central areas attract foreign investment, thereby improving people's living standards. He had had discussions with officials from the six provinces in central China on how to open aviation routes.
Land auction to proceed
The director of the Lands Department, Patrick Lau Lai-chiu, said the auction of a site in West Kowloon would go ahead early next month, despite strong calls from Yau Tsim Mong district councillors for it to be suspended. They asked Mr Lau to lay down additional conditions to buyers of two sites in Hoi Wang Road and Hoi Fai Road, the only channels left for ventilation in the area, in order to minimise the wall effect generated by large residential developments.
Ching Cheong in hospital twice
Hong Kong journalist Ching Cheong, jailed for spying for Taiwan, has been admitted to hospital twice since being transferred to Guangzhou Prison in late January because of an irregular heartbeat, gastritis and a duodenal ulcer, his brother Ching Hai said after visiting him yesterday.
March exports climb in value
March exports increased 6.9 per cent in value to HK$206.8 billion, while imports jumped 11.1 per cent year on year to HK$235.2 billion, the Census and Statistics Department said. The trade deficit last month totalled HK$28.3 billion. Exports rose 11.6 per cent in February.