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  • October 22, 2014
  • Last updated: 2:34pm
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  1. Biased texts got HK$72m funding

    Posted Jul 11th 2012, 12:00am

    ... education materials. The Education Bureau said it had granted annual funding of HK$12 million since 2007 to the National Education Services Centre and National Education Centre, both led by Yeung ... procedures'. But pan-democrats said they had never known funding could be obtained to produce national-education resources for schools. The issue emerged last Friday, when the Professional ...

  2. Local governments to form funds to repay loans

    Posted Mar 07th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com Beijing has ordered heavily indebted local governments to set up special funds to help repay loans, in a bid to avoid a Chinese version ... of its fiscal policy this year. 'Local governments need to set up debt-repayment funds and try to co-ordinate all of their available fiscal resources in order to actually make repayments ...

  3. 'Easier' yuan spurs foreign-fund wave

    Posted Dec 15th 2011, 12:00am

    ... business forum. Seventy per cent of funds have come from Hong Kong. This marked the first time figures on how many companies have chosen to use the yuan for foreign investment projects have been ... when it allowed yuan-denominated bond issuance, funds and insurance. ...

  4. Lawmakers to vote on revised funding

    Posted Mar 12th 2011, 12:00am by Adrian Wan

    ... Adrian Wan Legislators have agreed to go ahead with a vote next week on the government's revised funding request. Pro-government lawmakers, who had been in Beijing, flew back early ... of the tweaked proposal. But in an anticlimax, no lawmakers made such a request when given the chance. Therefore the proposal- now for HK$500 million less- will be put to a vote next Wednesday. The funds ...

  5. Highways, homes rise from stimulus funds

    Posted May 22nd 2009, 12:00am by Martin Zhou

    ... some local governments had stumped up less than half the funds they had promised while Beijing had almost fully delivered its share. However, the state auditor did not elaborate on the details. ... to fork out 1.18 trillion yuan by the end of next year with the remainder of the 4 trillion yuan funding to come from local-level governments' fiscal spending, bank lending and private-sector ...

  6. Beijing likely to approve four funds but wary of local meddling

    Posted Mar 13th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Beijing is likely to approve four new government-backed private-equity funds to enhance the country's industrial sector, while keeping an eye on the risk of runaway investment due to meddling by regional governments, industry insiders said. 'The proposal [to set up the four funds] has been filed with the State Council and is pending ...

  7. EU seeks Beijing assurances on investments by sovereign fund

    Posted Feb 26th 2008, 12:00am by Tom Miller

    ... basis rather than for quick gains, and warned the mainland's sovereign wealth fund not 'to pounce on economic fat rabbits'. Mr Mandelson was referring to a speech made by CIC ... Lou, said sovereign wealth funds needed to show 'transparency and principles of governance' but praised their potential stabilising role in financial markets. CIC was among a number ...

  8. Disaster fund releases HK$5m, bringing grant total to HK$316m

    Posted May 21st 2008, 12:00am by May Chan

    ... May Chan A HK$5 million grant was disbursed yesterday from Hong Kong's Disaster Relief Fund to World Vision for relief projects, taking the total value of grants for mainland earthquake victims to HK$316 million. World Vision Hong Kong has already gathered more than HK$76 million in public donations aside from the grant, and has supplied 500 tonnes of food, 30,000 quilts, ...

  9. Beijing still pushing funds overseas despite QDII bets burning investors

    Posted Feb 12th 2008, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Zhou Lingzi is ruing the day he put his hard-earned money into the mainland's qualified domestic institutional investor funds. The cash-rich Shanghai-based investor, who bet one million yuan on gains in the much-hyped overseas equity-investment funds, is learning the hard way that stock markets are a tough nut to crack. And Mr Zhou is not alone. ...

  10. Datang floats debt to fund spending

    Posted Mar 05th 2008, 12:00am by Eric Ng

    ... Eric Ng in Beijing China Datang Group, the nation's second-largest power generator, plans to issue corporate bonds and possibly shares to help fund capital expenditure that will run into tens of billions of yuan this year and next. President Zhai Ruoyu said the state-owned company's financing plan this year might include floating corporate bonds and shares through its ...




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