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  • October 26, 2014
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  1. News - China - DEVELOPMENT

    State Council kicks off drafting of next five-year plan

    Posted Sep 05th 2014, 03:36am by STAFF

    ... into a "moderately well-off" society, and doubling its 2010 GDP and per-capita income. But during the period, China is expected to face a slowdown in economic growth. Li said officials needed to fully ...

  2. News - China - DEVELOPMENT

    Nansha development zone in Guangzhou eyes Hong Kong tax rate

    Posted Dec 22nd 2012, 12:00am by Tony Cheung

    ... Tony Cheung tony.cheung@scmp.com Key zone uses city as model after already adopting its laws on arbitration Nansha eyes same rate of income tax as HK First it adopted Hong Kong law in arbitration cases, now the Nansha development zone in Guangzhou wants to set its income tax at the same lower level. Raymond Sun Lei, deputy chief of Nansha's district government, was speaking ...

  3. Sport - Hong Kong - DEVELOPMENT

    Asian Games medals demanded as government stumps up HK$376 million for elite athletes

    Posted May 30th 2014, 12:18am by Alvin Sallay

    ... the EADF to the HKSI to come from income generated by the fund. However, we can top this up if necessary by dipping into the fund capital in case the income is insufficient to meet the needs of the HKSI. By the same token, if the income exceeds the HKSI requirements in any one year, then the surplus is added back to the fund," said McKinley, deputy secretary for Home Affairs. The EADF ...

  4. News - Hong Kong - DEVELOPMENT

    New compensation model for displaced villagers proposed by HKU economist

    Posted Jun 28th 2014, 03:41am by FANNY FUNG

    ... of Singapore, Wong said Hong Kong's Housing Authority should stop building public rental units and build subsidised flats for sale at prices affordable to low-income residents. This would ...

  5. News - Hong Kong - DEVELOPMENT

    New town in northeast New Territories threatens businesses and jobs

    Posted Jul 07th 2014, 05:43am by Olga Wong

    ... of Centaline Group, said residents must face the reality that Hong Kong has high land prices; land revenue is the third-biggest income source for the government. "To raise our standard of living ...

  6. News - Hong Kong - DEVELOPMENT

    Residents fear for future of village over parking problems

    Posted May 14th 2014, 04:00am by Jennifer Ngo

    ... I remember those days fondly. It was a good life on the boats," he said. "But we all need to make money to survive." Tourism and seafood dining are now the main income of most ...

  7. Business - Banking & Finance - DEVELOPMENT

    China to play big role in new regional lender

    Posted Apr 25th 2014, 10:42am by Victoria Ruan

    ... "Establishing the AIIB would be a win-win game for driving growth in China and other middle- and low-income economies in Asia, where bottlenecks in infrastructure have hindered economic ...

  8. News - Hong Kong - DEVELOPMENT

    Officials once planned to build 'mini Hong Kong' in Guangzhou

    Posted Mar 18th 2014, 03:15am by Gary Cheung and Olga Wong

    ... yesterday that Chief Executive Leung Chun-ying was considering moving low-income and disadvantaged residents to a "Hong Kong Park" in Nansha or Hengqin. That report also accused members ...

  9. News - Hong Kong - DEVELOPMENT

    Lamma Island divided over resort plan that will double number of residents

    Posted Apr 06th 2014, 05:46am by Christy Choi

    ... the development might be handed over to a private developer and turned into a Discovery Bay-style resort for the wealthy. "I support it if it's for low to middle income people, ...

  10. News - China - DEVELOPMENT

    Guangzhou floats plan to double urban area

    Posted Feb 15th 2014, 04:22am by Mimi Lau

    ... and increase government income. Guangdong's provincial capital would expand its urban boundaries by making two rural counties under its jurisdiction, Conghua and Zengcheng, full-fledged districts, ... is collectively owned and much harder to develop. As urban residents, people living in Conghua and Zengcheng would enjoy increased minimum income subsidies and other benefits, but Guanzghou would assume ...




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