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  1. No Islamic bonds despite 4-year push

    Posted Oct 29th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Four years after trumpeting a dream to turn Hong Kong into an Islamic financial centre, Financial Secretary John Tsang Chun-wah concedes only modest progress ... and the government should proceed immediately,' he said. Lui said that even with the law change, it would not be easy for Hong Kong to develop an Islamic financial centre. 'Other markets ...

  2. Tsang unveils Islamic bond push

    Posted Sep 11th 2007, 12:00am by Staff Reporter

    ... 'Otherwise, it's not easy for the Hong Kong financial community to develop an Islamic bond market.' Mr Tsang, however, said Hong Kong, as the mainland's international financial centre ... and Middle East investors. Mr Tsang said Islamic investment was an important element of the global financial system. For Hong Kong to be a major international financial centre, Islamic finance must ...

  3. Time for informed debate on the peg

    Posted Jun 14th 2012, 12:00am

    ... and inflation. This freedom from political interference, however, is fundamental to international confidence in Hong Kong as a financial centre. The peg is, therefore, not to be abandoned lightly. ... It remains unclear why he chose to do it now, as a new administration prepares to take over on July 1 amid a financial crisis in Europe and doubts over the pace of growth in China. His timing has ...

  4. Business - Economy - REFORM

    Innovation 'key' to reform success in China, summit told

    Posted Dec 17th 2012, 12:00am by Victoria Ruan

    ... Lujiazui in Shanghai into a global financial centre to compete with Wall Street. Separately, Peking University professor Li Yining, who was the mentor of Vice-Premier Li Keqiang during his doctoral ... introducing a four trillion yuan (HK$4.54 trillion) economic stimulus package in November 2008 to combat shocks from the global financial crisis. "Blindly spending money definitely causes big ...

  5. Money changers face closure threat

    Posted May 31st 2012, 12:00am

    ... comfortable using these firms' services and to strengthen the status of Hong Kong as an international financial centre,' Shiu said. A customs spokesman said the number of applications ... Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance. Applicants could apply online until midnight. Previously remittance firms and money changers only needed to register ...

  6. Golden opportunities

    Posted May 28th 2011, 12:00am

    ... in the Asia-Pacific region, as opposed to having a very strong presence on the ground in a broad spread of financial centres across the region. 'The fixed-income market in Hong Kong remains very ... a world-class global financial centre in the city by 2020 will certainly see the fast development of the FICC market over the next few years, but currently it is still very much a 'vanilla ...

  7. Syndicated loans climb to new highs in Asia

    Posted Jan 04th 2012, 12:00am

    ... 'As companies in China and India could not raise funds in their domestic markets, they came to international financial centres such as Hong Kong and Singapore for syndicated loans,' he ... deals. Last year's figure beat the earlier record of US$288.4 billion in 2007, before the global financial crisis, when the loan amount dropped as the credit market froze. Andrew Fung ...

  8. Down with monopoly

    Posted Dec 08th 2011, 12:00am

    ... to Hong Kong's success as an international financial centre. In 1995, the city ended a long-standing telephone monopoly and introduced an industry-specific competition law to regulate ...

  9. Ripped off

    Posted Nov 04th 2011, 12:00am

    ... behaviour. The bank interest rate cartel established in 1964 was only abolished in 2001 because it was a hindrance to Hong Kong's success as an international financial centre. In 1995, the city ...

  10. Misfiring with paper bullets

    Posted Aug 23rd 2011, 12:00am

    ... They backed a plan for national balanced budget amendments and for a financial transactions tax, an idea rejected last year, which would be useless unless all major global financial centres signed up ... no sign of a plan from the IMF; while Hong Kong, as one of the leading financial centres of the world, has nothing to say. Germany is an interesting case. Apart from complaints of bearing ...




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