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  • April 22, 2014
  • Last updated: 12:02am
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  1. News - China - ECONOMY

    Shanghai booster Fang Xinghai lands Beijing financial advisory role

    Posted Jun 18th 2013, 12:00am by George Chen

    ... to develop the city into the world's leading financial centre by 2020 has been promoted to an elite economic team that may help the city speed up its market reforms as it prepares to take ... Financial Forum in Hong Kong, Fang said the speed with which Hong Kong became a successful offshore yuan centre would depend on how soon Shanghai could turn itself into an onshore yuan trading ...

  2. Business - Economy - ECONOMY

    Reform drive faces slowdown test

    Posted Apr 14th 2014, 05:07am by Victoria Ruan

    ... deepening the pledged financial and fiscal reforms that could add more pain to near-term growth. A slowdown might delay some crucial reforms at the centre of Beijing's plan to boost ... the global financial crisis and below the official target of about 7.5 per cent for this year. In the fourth quarter of last year, GDP grew 7.7 per cent. Li last week ruled out "strong" ...

  3. News - Hong Kong - ECONOMY

    Financial secretary John Tsang dismisses Li Ka-shing's warning that Hong Kong is losing its edge

    Posted Mar 02nd 2014, 05:33am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Financial secretary dismisses Li Ka-shing's warning city risks losing its edge. Li, meanwhile, says 'incapable people' jibe not aimed at CY Leung We can still compete, says Tsang Financial Secretary John Tsang Chun-wah dismissed remarks by tycoon Li Ka-shing that the city's competitiveness is slipping, saying it is trying to develop ...

  4. Business - Economy - ECONOMY

    Shandong may show the way in reforming China's financial sector

    Posted Aug 27th 2013, 12:00am by Victoria Ruan

    ... nationwide financial reforms," said Professor Guo Tianyong, director of the banking industry research centre at the Central University of Finance and Economics in Beijing. Experiments in setting ... to build the capital Qingdao into an offshore financial centre to promote free trade with Japan and South Korea, and bring in more overseas investors to invest in city banks and rural lenders. ...

  5. Business - Economy - ECONOMY

    Welcome to euro casino

    Posted Apr 14th 2014, 05:07am by DAVID BROWN

    ... for the euro zone's financial jugular. Speculative investor shorts piled the pressure on Greece, Ireland, Portugal, Spain and Cyprus at their weakest hours. They helped fuel the euro-zone crisis ...

  6. Business - Economy - ECONOMY

    Top finance officials confident world has turned corner

    Posted Apr 14th 2014, 05:07am by AP

    ... market confidence. On Ukraine, the finance ministers endorsed the IMF package of US$14 billion to US$18 billion in loans to help the country avoid a financial meltdown but urged a go-slow ...

  7. Business - Banking & Finance - ECONOMY

    Fed moves to correct concern over rates

    Posted Apr 11th 2014, 12:59am by Reuters

    ... in her post-meeting press conference, saying that the "dots" are not the Fed's primary way to communicate policy. But what drew the most attention from financial markets ...

  8. Business - Economy - ECONOMY

    Financial Secretary John Tsang hints one-off budget relief measures may be withdrawn

    Posted Feb 10th 2014, 04:31am by JEFFIE LAM

    ... 'will soon be history' Financial Secretary John Tsang Chun-wah has dropped the strongest hint yet that tax reductions and one-off relief measures will "very soon become history" ... that the city's HK$734 billion fiscal reserves could dry up in 20 years if nothing is done to lessen the financial burden. Dr Li Kui-wai, of City University's department of economics and finance, ...

  9. News - China - ECONOMY

    Asia forum to focus on reform and growth

    Posted Apr 08th 2014, 02:40am by Adrian Wan, Li Jing

    ... and the Secretary for Financial Services and the Treasury Chan Ka-keung joining the People's Bank of China governor, Zhou Xiaochuan, for a panel discussion on the city's role ... vice-president Stephen Groff and Justin Lin Yifu, honorary dean and professor of the national school of development at Peking University, will discuss the Asian financial and trade environment amid ...

  10. Business - Economy - ECONOMY

    China central bank move on yuan a sign of caution, not reform zeal

    Posted Mar 24th 2014, 04:45am by Reuters

    ... than some had expected. Yet many took that as a reassurance the broad financial liberalisation promised at a key leadership gathering last autumn was on track, including the expected removal ... for this year and signs of financial strains in some industries and the financial sector, Beijing is now less willing to accept short-term pain. Yuan has been depreciating, and there is no risk of big ...




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