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  • September 20, 2014
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  1. Billions gone missing

    Posted Mar 25th 2011, 12:00am by Staff Reporter

    ... Staff Writer Five billion yuan (HK$6 billion) is missing from the accounts of the Beijing-Shanghai high-speed railway project. Rail minister Liu Zhijun was fired from his job last month and is under investigation for disciplinary issues. Around 187 million yuan has been embezzled- a kind of financial fraud- and the rest has been lost on illegal tendering, bad money management and fake ...

  2. Rail firms hit by minister's downfall

    Posted Feb 24th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Chinese railway companies saw their share prices dragged lower by the downfall of railway minister Liu Zhijun. Since February 14, shares of Midas Holdings plunged 21.1 per cent to HK$4.40 despite the Hong Kong and Singapore-listed firm winning two contracts totalling 83.5 million yuan (HK$98.7 million) in Turkey and Malaysia, while CSR Corp fell 10.7 per cent ...

  3. Railways to stay in hands of state

    Posted May 11th 2011, 12:00am

    ... to rampant graft. Former railways minister Liu Zhijun was sacked in February on suspicion of corruption linked to tenders for lucrative construction projects. In his online chat with internet users ...

  4. Business - Companies - MONDAY FACE

    Monday Face: Lui Che-woo

    Posted Dec 10th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Lui Che-woo took every chance that ever came his way, riding both luck - and misfortune - to lead multinational conglomerate K Wah Group Capitalising on opportunity If you are not familiar with the industry, don't do the business - so goes the Chinese idiom intended as a warning to potential entrepreneurs not to start a business in unfamiliar ...

  5. Property - Hong Kong & China - HONG KONG

    Agencies put expansion on hold as flat sales fall

    Posted Nov 14th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Expansion plans on hold with transactions down by half since new stamp duties came in Agents not hiringas taxes hit sales A sharp decrease in home sales ... their existing scale," said Willy Liu Wai-keung, chief executive at Ricacorp Properties. Liu said the firm would put a temporary halt on new branch openings and staff hires. "But I think ...

  6. Business - Companies - RETAILING

    Causeway Bay shop rents lead world

    Posted Nov 15th 2012, 12:00am by Yvonne Liu

    ... Central and Tsim Sha Tsui score fourth and fifth in property consultant's rankings as international brands demand more space Strong demand from international retailers and tight supply mean retail rents in Causeway Bay, Central and Tsim Sha Tsui are ...

  7. Business - China Business - PROPERTY

    October ends strong run for mainland home sales

    Posted Nov 10th 2012, 12:00am by Yvonne Liu

    ... Sales of homes dip on mainland as developers cut sweeteners to bring in homebuyers The value of private housing sold on the mainland fell 6.8 per cent in October, despite strong sales gains in previous months. Data from the National Bureau of Statistics s ...

  8. News - Hong Kong - CURRENCIES

    Monetary Authority intervenes to hold down value of the Hong Kong dollar

    Posted Oct 21st 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu and Bloomberg A flow of hot money into Asian currencies and markets forces the first intervention in 3 years HKMA steps in to check HK dollar The Hong Kong Monetary Authority intervened in the currency markets for the first time in nearly three years yesterday to hold down the value of the Hong Kong dollar. The currency has been pushed close to the upper limit of its ...

  9. News - Hong Kong - PROPERTY

    Home prices remain stable after HKMA's cooling measure

    Posted Sep 16th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Property agents see no change in sales volume, and expect business to pick up again soon Home prices remain stable after cooling measure Property sales remained steady yesterday after Hong Kong's central bank clamped down on second mortgages to combat the US Federal Reserve's third round of quantitative easing measures (QE3) and major ...

  10. Property - Hong Kong & China - POLICY

    Scrapping of land premium on HOS flat resales causes prices to surge

    Posted Aug 22nd 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Scrapping of land premium rule has opened up the market and raised owners' expectations Change in HOS eligibility brings surge in prices Measures introduced by incoming chief executive Leung Chun-ying have led to a sharp rise in resale prices of Home Ownership Scheme (HOS) flats as well as small flats in the private market. On July 16 the new ...




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