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  1. Business - Banking & Finance - FINANCIAL SERVICES

    Beijing is key to city's fund success

    Posted Apr 18th 2013, 12:00am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Proposed changes will help boost the industry in Hong Kong, experts say, but a mutual recognition deal on cross-border selling is essential Beijing holds the key to 'world fund city' dream Proposals designed to make Hong Kong a "world fund factory" have won industry backing, but fund managers say that persuading Beijing to allow ...

  2. Language barrier lets the city down

    Posted Jul 17th 2012, 12:00am

    ... Chinese and the city's close links to the mainland make the former a given, while the latter is necessitated by English being the global language of our regional and international strengths, ... our city is being let down. That is what district councils, the most grass-roots part of government, are doing by making minimal use of English. With a few exceptions, the language is rarely ...

  3. PC-making city looks to investment groups for aid

    Posted Apr 12th 2012, 12:00am

    ... is searching for an alternative to the existing electronics manufacturing industry as more and more factories are leaving for the inner mainland cities for cheaper labour costs.' RREEF ...

  4. New pay system unfair, CityU told

    Posted Feb 18th 2012, 12:00am

    ... Amy Nip amy.nip@scmp.com City University should restore its old system of pay rises because a new performance-based review exercise barely helps employees cope with inflation and cannot be applied across the board, a poll shows. Clerks and cleaners could hardly be expected to obtain excellent ratings that would guarantee them a raise under the scheme, the university's staff ...

  5. City's offshore trading ambitions dealt double blow

    Posted Feb 06th 2012, 12:00am

    ... The plan to establish Shanghai as the hub for yuan trading, clearing and pricing is part of broader efforts to make the city a financial centre like London or New York by 2020 and is a setback for Hong Kong, which had hoped to become the chosen centre for trading in the currency. Analysts now believe that with more cities competing to expand their yuan markets and with the appreciation ...

  6. Two more cities join Beijing in tax on foreigners

    Posted Jan 09th 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com Three months after the mainland was supposed to begin levying a new tax on foreign employees, two more cities are preparing to adopt the controversial measure, joining Beijing to make a total of three cities to do so. For the past two weeks Tianjin and Suzhou have been registering foreigners who work there, in preparation to start charging ...

  7. City banks may get to list next year

    Posted Dec 14th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Beijing is expected to allow the listing of city commercial banks next year after shelving their planned initial public offerings for more than ... according to bankers. The city commercial banks which are seeking the CSRC's approval for listing include Bank of Shanghai, Bank of Hangzhou and Bank of Chongqing. Zhang Haichuan, a CSRC ...

  8. Property tax scheme to cover more cities

    Posted Dec 08th 2011, 12:00am

    ... Peggy Sito peggy.sito@scmp.com China's central government will finalise plans to roll out new property taxes in other cities after evaluating the impact of a pilot programme ... China has restrictions that limit the number of flats that can be purchased in 46 cities including Beijing, Shanghai and Guangzhou. According to the China Real Estate Index System, home prices ...

  9. City Digest

    Posted Oct 22nd 2011, 12:00am

    ... Lawmakers urge lump sum to cover fare losses The government should grant a lump sum subsidy to public transport firms to implement its proposed HK$2 flat-rate fare for the elderly and disabled rather than reimbursing them for revenue forgone because of th ...

  10. City Digest

    Posted Nov 25th 2011, 12:00am

    ... Hongkonger under police guard in Sydney hospital A 49-year-old Hongkonger believed to have left a suitcase full of cash in a Sydney cafe on Tuesday morning remained under police guard in hospital yesterday. Police, who would not reveal the amount of money ...




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