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  • July 29, 2014
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  1. Consumers still confident but rising food prices are a worry, survey shows

    Posted Aug 17th 2011, 12:00am

    ... dollar, given the Hong Kong currency's peg to the dollar. 'It makes it more expensive to import our food from China,' said Tso, who was not involved in Nielsen's research. Hong Kong imports about 90 per cent of its food. Of this, 60 per cent comes from the mainland, according to the Centre for Food Safety. 'Many people from different age and income groups have ...

  2. Beware wealth's flight to safety in turbulent 2012

    Posted Jan 02nd 2012, 12:00am

    ... and that the economies of China, Japan and the euro zone would dip. They did. Ahead, expect continuing turmoil spiced by flights to safety, beggar-thy-neighbour policies and monetary stimulus inducing inflation. ... this policy with tariffs, things will get worse. Equally worrying is moral hazard inherent in the government rescues of banks, or any industry for that matter. China is a further cause for concern. ...

  3. Plan to expand safety net to SMEs has insurers fuming

    Posted Feb 28th 2012, 12:00am

    ... Enoch Yiu Insurance executives have become increasingly worried about a government proposal to expand a safety net to corporate policyholders in the event an insurer collapses. Having the safety net in place is good for policyholders and is in line with international practice, but industry insiders said the current proposal had undergone some changes, which may add risks ...

  4. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... of China’s biggest bitcoin exchange on Friday said there were “boundless opportunities” for the digital currency in the country because of the Chinese saving ethic. “The main reason why bitcoin has become big in China is because Chinese people are savers, and more people are seeing bitcoin as a way to store and invest their money,” Linke Yang, vice-president of BTC China, told reporters ...

  5. In Brief

    Posted May 15th 2007, 12:00am by Staff Reporter

    ... the Closer Economic Partnership Arrangement free-trade pact and the individual visit scheme. Cross-border food safety officials hold second meeting Officials from Guangdong and Hong Kong yesterday held the second working meeting on exchanges and co-operation on food safety. Both sides reviewed the operation of the framework agreement signed last year. They also exchanged views on test ...

  6. Flight to safety opens door to private banks

    Posted Dec 29th 2008, 12:00am by Nick Westra

    ... to the region and pump more resources into their Hong Kong offices. 'Asia is the growth and China is the main engine for the growth of our private banking business,' Mr Lo said. Mr Jehle added ... tie up with a private bank, they generally develop relationships that could stretch across generations, making it hard for other banks to pry them away. 'The China market is attractive ...

  7. Inflation slows but food still sizzling

    Posted Sep 10th 2011, 12:00am

    ... still up 45.5 per cent, while cooking oil rose 17 per cent and the cost of eggs gained 16.3 per cent. Overall, the food category was up 13.4 per cent. 'The momentum for strong inflation ... slackening world demand. The CPI rose 0.3 per cent last month from July, mainly driven by food and housing costs. The producer price index gained 7.3 per cent year on year, slower than the 7.5 per ...

  8. Top hot pot chain up for sale

    Posted Apr 26th 2012, 12:00am

    ... it to a foreign company like Yum! Brands,' said one of the people. One major issue surrounding the deal is food safety, a long-time concern for both the government and public on the mainland. Last year, several mainland restaurant operators including Hong Kong-listed Ajisen Ramen, were caught in food-safety related scandals. Ajisen's share price sank and it later apologised to its ...

  9. In biting cold, survivors wait for food and shelter

    Posted Apr 16th 2010, 12:00am by Staff Reporter

    ... People who were fortunate enough to survive the catastrophic earthquake on Wednesday morning found themselves bereft of food, medical supplies and shelter in the freezing Qinghai weather. Zou Ming, head of the Ministry of Civil Affairs' disaster relief department, said the ministry had collected quilts, warm clothes and instant food, but transporting them to the disaster ...

  10. Policy bank sells 'dim sum' bonds

    Posted Jan 12th 2012, 12:00am

    ... administration of the State Council. It plays a vital role in ensuring food safety. It receives most of its funding through the central bank, corporate and government deposits and bond issuances. ... Lulu Chen lulu.chen@scmp.com The Agricultural Development Bank of China, one of the mainland's largest policy banks, sold 3 billion yuan of 'dim sum' bonds on Tuesday. Dim ...




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