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  • November 24, 2014
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  1. Foreign debt quota for banks up 12pc

    Posted Mar 28th 2009, 12:00am by Staff Reporter

    ... Maria Chan Beijing is setting the short-term foreign debt quota for banks this year 12per cent higher than last year, to boost the country's trade finance business, the State Administration of Foreign Exchange said on its website yesterday. The quota this year is US$32.9 billion. Of that, mainland lenders' overseas short-term borrowing quota is US$9.85 billion, while ...

  2. New quota rule leaves Ng in lurch

    Posted Jan 24th 2009, 12:00am by Staff Reporter

    ... that the club might not need his services because he would occupy a precious foreign player quota. 'I was told that I would be treated as an Asian foreign player by the Chinese FA, but the club want to reserve the quota for a player from South Korea or Australia where the standard of football is much higher,' said Ng, who was with the Hong Kong team yesterday preparing ...

  3. China forced to ease curbs on media imports

    Posted Dec 23rd 2009, 12:00am by Toh Han Shih

    ... On Monday the WTO appeals body upheld a ruling in August that China was breaching international trade commitments by blocking foreign-owned companies from acting as importers and wholesalers ... was launched by the US in 2007 in support of its multibillion-dollar movie, music and publishing industries. 'We are very pleased that the WTO has found against China's import ...

  4. Steel giants pledge not to overprice ore sales

    Posted Jan 16th 2009, 12:00am by Carol Chan

    ... the State Council said it would regulate iron ore imports and the steel products market more strictly as part of the government's support package for the struggling industry. The accord is also viewed as a way to boost the mainland's bargaining power in ongoing iron ore contract price negotiations with overseas suppliers, mainly in Australia and Brazil. Under the current quota ...

  5. Officials ordered to buy cigarettes

    Posted May 04th 2009, 12:00am by Staff Reporter

    ... on the government's purchase list, and that those who failed to meet the quota would be fined. The quota translates into 4 million (HK$4.6 million) yuan in government spending per year. The mandatory purchase of cigarettes is expected to benefit local companies and help the government collect more taxes. According to the website, schools have also been given the cigarette quota. One village, Zhangtiansi, ...

  6. HKEx shelves plan for carbon emission trading

    Posted Dec 30th 2009, 12:00am by Enoch Yiu

    ... if they could trade the mainland's CERs in Hong Kong. However, under Beijing's current policy, entities sell CERs to overseas buyers before they can obtain government-approved quotas, leaving no need for a secondary market. Tai, however, said HKEx still believed the carbon emission markets might become more important over the long term and would reconsider the idea if the mainland ...

  7. Tensions grow over strategic minerals

    Posted Jul 13th 2009, 12:00am by Carol Chan

    ... import barriers and also dumping their products on international markets. The Ministry of Commerce said its decision to impose export taxes and quotas on raw materials such as copper, bauxite, ... tighter restrictions on exports, and the accumulation of strategic reserves of metals and minerals that were important to the nation's defence industry. 'Disordered competition among ...

  8. Colleges fake jobs for graduates

    Posted Jul 24th 2009, 12:00am by Ivan Zhai

    ... surname, Mr Li said that while government education departments would not directly assign a fixed employment quota to schools, their job statistics were an important factor in evaluating ...

  9. Smoking edict for officials in Hubei revoked

    Posted May 07th 2009, 12:00am by Kelly Chan

    ... surveys. In one investigation, a school was fined because officials found butts of imported cigarettes in an ashtray believed to have been used by several teachers. But the short-lived order ... of the cigarettes bought through informal channels were imported from neighbouring Hunan province, leading to a tax loss of 10 million yuan for the county in the past four years. The edict, before ...

  10. Talkback

    Posted May 02nd 2009, 12:00am by Staff Reporter

    ... estates, where checks can be made to see if families have stuck to their quota. People could be appointed to undertake these checks and this would create jobs. Education is very important. Schools ... education are all important. However, on a more local scale, shopkeepers and residents on Cheung Chau sometimes suspend small plastic baskets below eaves, which provide swallows with sheltered ...




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