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  1. Jail terms loom for smugglers at border

    Posted May 04th 2011, 12:00am

    ... criminal charges, with a maximum penalty of three years in jail. While the law is imposed uniformly across the country, it will be felt most by cross-border traders regularly coming to Hong Kong ... milk formula for their babies, as the stock is snapped up by the cross-border traders. More than 600 residents in the northern New Territories launched a petition earlier this year, urging ...

  2. Cross-border traffic a hot issue for Choi Yuen voters

    Posted Nov 02nd 2011, 12:00am

    ... region. One of the constituencies most affected by the cross-border traffic through the Sheung Shui railway station is Choi Yuen, the site of a tight three-way race for the district councillor ... local parents earlier this year. Another issue at stake is the rising number of cross-border students who live in Shenzhen and attend Hong Kong schools. So said he would call for more schools ...

  3. Half of SMEs in HK may trade in yuan within a year, survey finds

    Posted Jan 21st 2011, 12:00am by May Chan

    ... Albert Chan, the head of commercial banking at HSBC, said traders were getting used to yuan trade. The volume of cross-border yuan settlements by HSBC has risen to 45 billion yuan (HK$53.16 ... May Chan About half the small and medium-sized enterprises in Hong Kong may opt to use the yuan to settle cross-border trade in the next 12 months, according to an HSBC survey. The bank ...

  4. Profiteers cash in on cross-border vehicle licences

    Posted Apr 12th 2011, 12:00am

    ... Anita Lam Guangdong authorities' attempt to end the illicit trade in cross-border licences has sharply increased the cost of driving a Hong Kong-registered vehicle on the mainland. ... from a trade that is being phased out. By the middle of last year only 20,500 private cars, 950 coaches and 15,900 goods vehicles in Hong Kong held cross-border licences, whose holders include ...

  5. HKEx mulls cross-border derivatives to boost trade

    Posted Nov 23rd 2011, 12:00am

    ... Anita Lam anita.lam@scmp.com Hong Kong Exchanges and Clearing said developing cross-border index and equity derivative products with mainland exchanges will attract mainland investors ... to cross-list each other's benchmark index derivatives from June next year. Li said Hong Kong should consider setting up a commodity trading platform in yuan in the longer term. Despite being ...

  6. HK faces stiffer race as yuan trade centre

    Posted Jan 13th 2011, 12:00am by Enoch Yiu

    ... and the Treasury Julia Leung Fung-yee played down the impact on Hong Kong of other cities doing more yuan business. 'With the yuan being increasingly used for cross-border trades between the mainland and traders around the world, it is only natural that yuan is being traded everywhere in the world,' Leung said. 'Hong Kong has a first-mover advantage of having accumulated yuan liquidity ...

  7. Truck drivers fear big fines for mistakes with digital border crossing

    Posted Oct 06th 2011, 12:00am

    ... Simpson Cheung simpson.cheung@scmp.com Cross-border truck drivers are worried they will face heavy fines if they make mistakes using a mandatory electronic system for customs clearance ... they drive up to the customs window at the border crossings. Drivers who do not make declarations in advance will have to wait 30 minutes before crossing. If they have nothing to declare, drivers ...

  8. On the move

    Posted Jul 09th 2011, 12:00am

    ... of market infrastructure and high-frequency trading. Virginia Tam Partner White & Case Tam is experienced in mainland and Hong Kong-based cross-border corporate and securities transactions. She was previously a partner with Jones Day. Sally Hung Partner Baker & McKenzie Hung focuses on structured finance, syndicated and project loans, cross-border mainland-related financing and general ...

  9. Yuan liberalisation on fast track

    Posted Aug 25th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Beijing wants to facilitate the use of the yuan for cross-border trading and investments in September, as it seeks to internationalise the currency. ... for cross-border direct investment in China. That includes allowing foreign investors to set up or expand their manufacturing facilities. Shen said yuan liberalisation also applied to other regions, ...

  10. A new life in China for N Korea traders

    Posted Dec 30th 2011, 12:00am

    ... government says more than 8,000 have moved to China since the 1950s and registered their permanent residency in Dandong, becoming key players in cross-border trade and tourism. Many others have ... Zhuang Pinghui in Dandong pinghui.zhuang@scmp.com Li Xiang, the Chinese owner of a shop selling South Korean kitchenware in Dandong on the border with North Korea, was born in the isolated ...




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