Finance

Talking points

PUBLISHED : Tuesday, 06 December, 2011, 12:00am
UPDATED : Tuesday, 06 December, 2011, 12:00am

Our editors will be looking ahead today to these developing stories ...

Councillors to debate Fa Yuen Street fire

The Yau Tsim Mong District Council's committee on fire prevention will hold a meeting to discuss last week's deadly inferno in Fa Yuen Street, in which nine people were killed and 34 injured. Food and environmental hygiene officials and fire chiefs are expected to be grilled by the councillors, who have blamed the disaster on the government's lack of long-term planning and lax control over the hawkers.

Briefing on mainland poverty alleviation plan

The director of the State Council's Leading Group Office on Poverty Alleviation and Development, Fan Xiaojian, will hold a briefing on the 2011-20 Rural Poverty Alleviation and Development Programme. China has recently raised its poverty line to cover people with annual incomes of 2,300 yuan (HK$2,810) per capita or less, up 80 per cent from the threshold of 1,274 yuan introduced last year.

Japan returns Korean documents

The Japanese government will return to Seoul 1,200 volumes of historical royal documents taken to Japan during its 1910-45 annexation of the Korean peninsula. The move comes weeks after Prime Minister Yoshihiko Noda delivered five volumes of the treasured books when he met South Korean President Lee Myung-bak. Japan's foreign ministry said the return of the remaining volumes from the Joseon dynasty (1392-1897) would enhance ties.

China, US to hold defence talks

China and the US will hold the 12th round of Sino-US defence consultations - co-chaired by deputy chief of the general staff Ma Xiaotian (pictured) and US Undersecretary of Defence Michele Flournoy - tomorrow. China's military denounced the US and Australia after a plan unveiled last month to form a de facto base in Darwin in the Northern Territory for up to 2,500 US marines.

Court to rule on Lehman bankruptcy plan

A court confirmation hearing for the latest bankruptcy plan for Lehman Brothers Holdings is due to be heard in New York. The investment bank, whose collapse in September 2008 triggered the global financial crisis, has told the US Bankruptcy Court for the Southern District of New York that 95 per cent of creditors support the plan and related settlements.

Insider trader to start jail time

Raj Rajaratnam (pictured), the hedge fund manager sentenced to 11 years for insider trading, begins his prison term after reporting to a federal medical centre in North Carolina a week later than the previous date because of conditions that include diabetes. Judge Richard Holwell gave no reason for extending the surrender date from November 28.

China Development Bank to open office in HK

China Development Bank Corporation (CDB), is due to launch an overseas investment operation in Hong Kong and sign strategic partnerships with global private equity giants including TPG, KKR and Permira, according to Reuters. CDB's investment arm, China Development Bank Capital Company, will launch its overseas operation in Hong Kong today.