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  • November 28, 2014
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Results 1 - 10 of 21 for financial centre

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  1. Settlement of cross-border trade in yuan to start soon, minister says

    Posted Apr 25th 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing and Maria Chan Hong Kong banks will soon be allowed to start the highly anticipated settlement of cross-border trade in yuan, the secretary for financial services ... amounted to HK$2.8 trillion, and it would be positive if 10 per cent of this amount was settled in yuan, which would be a big step forward for the city in its role as an international financial ...

  2. Delta bridge design wins ministerial approval

    Posted Jul 28th 2008, 12:00am by Cary Huang

    ... for Hong Kong to maintain its status as an international financial, trade and shipping centre. China News Service reported last month that the bridge proposal would go to the National Development ... of the ministry's water transport department, said the bridge would strengthen Hong Kong's status as a world shipping centre. 'The Ministry of Transport has approved [the design of] the Hong ...

  3. Coffers swell to record US$818b

    Posted Jan 16th 2006, 12:00am by Cary Huang

    ... on July 21. Zhong Wei, director of the Beijing Normal University's Financial Research Centre, said the mainland's growing foreign exchange reserves would be the focus of the debate over ...

  4. Pressure expected for action on yuan level

    Posted Dec 21st 2005, 12:00am by Cary Huang

    ... and will act prudently.' Mr Green, and Zhong Wei, director of the Financial Research Centre at Beijing Normal University, agreed that the new figures would not have much impact on the exchange ...

  5. HK eyed as head office for state firms

    Posted Aug 11th 2008, 12:00am by Cary Huang

    ... financial and investment vehicles, will allow them the opportunity to set up international headquarters overseas, which would be a great boost to Hong Kong's status as a global financial and business centre. 'I think it could happen,' Mr Li said, in response to a question on whether Beijing would allow some state firms to move their headquarters to Hong Kong. The South China ...

  6. Solid economic compromises on the cards

    Posted Nov 19th 2005, 12:00am by Cary Huang

    ... of the Financial Research Centre at Beijing Normal University, said Mr Zhou's remarks might suggest that the central government was considering some compromise with the US on the issue before or after ... governors from both sides. However, both professors said they believed the compromise would be more political than economic because officials on the US administration's financial team had come ...

  7. Plan sees yuan as a world currency

    Posted Aug 31st 2009, 12:00am by Cary Huang

    ... for trade settlement with some countries, the economist said. Yi Xuanrong- a financial expert with the Chinese Academy of Social Sciences- said the leadership had decided the time had come 'to ... centre for the yuan, which is desired by both the central government and Hong Kong.' The recession has encouraged Chinese officials to speed up the currency programme. As the downturn erodes ...

  8. PBOC head tips 8pc growth on track after strong quarter

    Posted Jun 30th 2009, 12:00am by Cary Huang

    ... needed to achieve the target. 'The economy is now at a critical moment, as it is dealing with the challenges from the global financial crisis. The overall economy is stabilising ... not relax, as there are many uncertain factors'. Fan Jianping, the chief economist at the State Information Centre, a think tank under the National Development and Reform Commission, said ...

  9. Leadership wakes to grey storm of ageing population

    Posted Nov 02nd 2009, 12:00am by Cary Huang

    ... spending on pensions and health care will expand, undermining the country's fiscal position in future,' he said. A report released last week by the Centre for Strategic and International Studies says the economic and social stakes are so high that China's leaders, despite being in the midst of a financial crisis, cannot afford to delay needed policy changes. 'How China ...

  10. Industrial sector profit growth hits record low

    Posted Dec 27th 2008, 12:00am by Cary Huang

    ... the worst performer in the world, has dropped 64.81 per cent this year on investor concern that global financial woes will be reflected in corporate earnings. The market topped the world ... in the January-November period. Sales of washing machines have dropped since October, as the global financial crisis dampened consumption in both domestic and overseas markets. Mainland exports fell for the first ...




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