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  1. Candidates for top job appear clueless about big issues

    Posted Dec 12th 2011, 12:00am

    ... Tom Holland Last Friday, both candidates in next year's sham election for the government's chief executive went up to the University of Hong Kong to explain how they would make ... to 'construct more than one small house on one piece of land'. Neither candidate attempted to tackle the central problem: that Hong Kong, for all its great wealth, is a lousy place to live for many ...

  2. Knotty issues

    Posted Mar 26th 2007, 12:00am by Staff Reporter

    ... that will create jobs for the needy The public tax burden will be relieved by reducing the standard salaries and profits tax rates to: 15% While Hong Kong cannot shirk its constitutional duty to enact ... Donald Tsang's election pledges: A green paper outlining three proposals for universal suffrage will be issued by the middle of the year. The idea is to get agreement on a 'final ...

  3. Yuan slowdown no blow to Hong Kong's ambitions

    Posted Dec 12th 2011, 12:00am

    ... in 2012, but Chan said this would not hurt Hong Kong's ambitions to become an offshore yuan trading centre. 'If the yuan only went up and up, it would be hard for companies to choose to settle their business in yuan,' he said. Likewise, for companies wanting to issue yuan-denominated bonds, a continually rising yuan against, for example, the US dollar, would be a concern, ...

  4. Second alert issued over HKEx imposters

    Posted Jul 26th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong Exchanges and Clearing yesterday issued its second warning in a month about con artists impersonating exchange employees to perpetrate fraud. ... the exchange and the couple reported the case to the police. It is not known whether the fraud cases are related. $300,000 The amount, in Hong Kong dollars, con men- posing as HKEx chief executive Paul ...

  5. This week in health

    Posted May 24th 2011, 12:00am

    ... indoor air quality up to World Health Organisation and Hong Kong government standards. Good enough to purify a 1,000 sq ft home. www.oxyvital.com Thigh's the limit Knee-high socks ... Jeanette Wang jeanette.wang@scmp.com The best cling ever The trouble with most sunscreens is that after an hour or so in Hong Kong's summer heat and humidity it feels like you've ...

  6. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... added pain for Hong Kong For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down. Part of the performance boost over recent years was provided by the rapid growth of China, which yielded a bonanza for the city's financial, trade services and retail sectors. But Hong Kong also got a propellant charge ...

  7. Business - Economy - CURRENCIES

    Pegging Hong Kong dollar against yuan 'could take years'

    Posted Apr 30th 2013, 12:00am by KANIS LI

    ... not come for years' The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg". However, Greenwood said, the yuan must be fully convertible and widely used before that day comes, which could take "many years". The chief economist ...

  8. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... Peg is wiping out productivity gains of diligent middle class The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands. The peg increases inflation, due to our inability to adjust the upward strength of the Hong Kong dollar. Whatever labour productivity gains ...

  9. New World stocks tumble on discount rights issue

    Posted Oct 19th 2011, 12:00am

    ... in NWCL, is also entitled to subscribe HK$2.89 billion worth of rights shares in the mainland unit. Lee said he expected more Hong Kong developers to tap the market either through a rights issue ... making it the top loser in yesterday's trade. Both firms planned to raise a total of HK$16.7 billion in two rights issues. The parent company expected to earn as much as HK12.3 billion ...

  10. HKMA issues extra HK$4b in debt paper

    Posted Oct 21st 2008, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority will issue a further HK$4 billion in Exchange Fund bills, a special form of debt, in a move to meet demand for the paper and help local banks ... to borrow for liquidity. The HKMA, using Hong Kong dollars, bought the equivalent amount of US dollars to prevent the liquidity of the banking system from being reduced because of the issuance. ...




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