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  • September 20, 2014
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  1. Filled quota brings yuan party to abrupt halt

    Posted Oct 30th 2010, 12:00am by Enoch Yiu

    ... settlement that can be done in yuan but that the cap had been reached. Late on Thursday, the Hong Kong Monetary Authority announced that the annual 8 billion yuan settlement quota had been reached. ... bankers- who had no idea that such a quota even existed- demanded more transparency from the authorities. 'We were never informed about the annual quota until it was filled,' said a local ...

  2. HKMA projects higher yuan conversion quota

    Posted Oct 04th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong's fourth-quarter yuan conversion quota- used under a cross-border trade scheme- may increase to as much as 8 billion yuan (HK$9.7 billion), ... of China (Hong Kong) (BOCHK), at the onshore rate. The quota can only be used for trade-related purposes. While the yuan is traded both on the mainland and offshore, primarily in Hong Kong, ...

  3. Cut in China's import tax could boost retail

    Posted Sep 03rd 2011, 12:00am

    ... for 60 per cent of that expenditure. One of the main reasons most of the mainland consumers' spending on luxury goods takes place overseas is the high import duties charged on these items ... Kong? 'Cutting the import tax on luxury goods may boost the overall retail market on the mainland,' says Angus Wai, general manager for human resources at Fairton International Group. ...

  4. Beijing may seek WTO probe after India bans toy imports

    Posted Feb 05th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Surprise move expected to take further toll on ailing firms India's unexpected decision to ban imports of Chinese-made toys risks backfiring, with Beijing threatening ... imports for six months from January 23, the China Daily reported, quoting a source yesterday. The ban, which could take a further toll on thousands of struggling mainland toy exporters, has raised ...

  5. HK$2b more to import water

    Posted Oct 23rd 2008, 12:00am by Staff Reporter

    ... Cheung Chi-fai Guangdong pact to see supply cost up 18.6pc The city will have to pay almost HK$2 billion more for guaranteed water imports from Guangdong's Dongjiang for the next ... unattractive. Under a new three-year deal just reached with Guangdong, import prices will rise 18.6 per cent next year, and a further 6.3 per cent each year in 2010 and 2011. For this three-year period, ...

  6. To avoid a future crisis, Hong Kong needs to come up with a water plan

    Posted Jul 07th 2012, 12:00am

    ... in 2009 when severe drought struck Guangdong, we still received our full quota. Guangdong declined Hong Kong's offer to take less water for drought relief so the water purchase agreement would be honoured. Hong Kong has 21 treatment facilities that take about 10 steps to filter and purify the imported Dongjiang water. After the treatment, the quality meets the European Union ...

  7. Import, export growth boosts economy

    Posted Sep 28th 2005, 12:00am by Barclay Crawford

    ... Barclay Crawford Hong Kong's economy is continuing to boom, with a rise in both exports and imports in the past year. Figures for last month show exports rose 12.7 per cent to $205.9 billion compared to the same month last year, after growing 8.1 per cent in July. Imports increased 12.9 per cent to $209.9 billion in August, leaving a trade deficit of around $3.9 billion ...

  8. Vice-premier boosts HK role as yuan trade hub

    Posted Aug 18th 2011, 12:00am

    ... will allow mainlanders to invest in Hong Kong stocks. Several other measures will encourage expanded use of the yuan. One is a 20 billion yuan (HK$24.4 billion) quota for Hong Kong companies ... the currency by these new measures. 'Most importantly, the vice-premier has confirmed Hong Kong's role as an offshore yuan trading centre for China. This would help Hong Kong fend off rivals ...

  9. HK agrees to pay Guangdong more for water

    Posted Oct 21st 2011, 12:00am

    ... Cheung Chi-fai and Amy Nip in Dongguan Hong Kong will pay HK$11.2 billion to continue importing water from the Dongjiang, or East River, in Guangdong under a three-year deal that locks ... said maintaining a reliable supply for the city was a top priority amid growing competition for water from cities in Guangdong, whose supplies were already subject to quotas. He said a reserve ...

  10. Magazines - Style

    Anita Fung: The HSBC chief executive who broke through the glass ceiling

    Posted Oct 09th 2012, 12:00pm by Jane Moir

    ... "Taking up the role of CEO was indeed a milestone in my career. To be appointed to this key role in a town where I grew up made it especially significant for me," she says. "As ...




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