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  • November 27, 2014
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  1. Crisis means mainland banks set to fund bridge

    Posted Oct 21st 2008, 12:00am by Anita Lam, Chloe Lai

    ... Wan Siu-wah said banks were likely to charge higher interest rates if they provided loans for the project. 'Normally, a government infrastructure project is a safe investment to banks ... Chloe Lai in Guangzhou and Anita Lam The financing of the long-awaited Hong Kong-Macau-Zhuhai bridge will be dominated by mainland banks amid the global financial meltdown, local ...

  2. Beijing set to revise real estate investment rules

    Posted Jun 20th 2008, 12:00am by Chloe Lai, Peggy Sito

    ... the mainland real estate market by allowing them to register investments at the provincial level, market sources say. The expected change will amend Circular 50, announced on May 23, 2007, which requires a foreign-invested property enterprise to file with the Ministry of Commerce at the national level after receiving approval from the ministry's local office. Without registration, ...

  3. Banks join easy-credit scheme for small firms

    Posted Feb 19th 2009, 12:00am by Chloe Lai

    ... Chloe Lai in Guangzhou Nine major banks yesterday signed a co-operation memorandum with a loan guarantee firm the Guangdong government has set up to ease credit for small and medium-sized enterprises amid the global financial crisis. Under the arrangement, each of the banks will provide an undisclosed quota to the loan guarantee firm, said its operator, Guangdong Finance Investment ...

  4. Immigration officials seek more details on migrant scheme scam

    Posted Mar 16th 2009, 12:00am by Chloe Lai

    ... launched the Capital Investment Entrant Scheme in October 2003. Applicants must invest the funds in real estate, equities, debt securities, bank deposits, subordinated debt or an eligible ... look into the capital investment migrant scheme as well as its own vetting procedure to find out if there are any loopholes that might allow back-door entry. The Sunday Morning Post reported ...

  5. Firm offers cheats' way to a life in HK

    Posted Mar 15th 2009, 12:00am by Chloe Lai, Fox Yi Hu

    ... residency in a foreign country are eligible to apply. Successful applicants are required to invest at least HK$6.5 million in real estate, equities, debt securities, bank deposits, subordinated debt ... to put up is 100,000 yuan (HK$114,000). The company claims it has found a loophole in the city's capital investment migrant scheme, for which mainlanders are ineligible. The scheme requires ...

  6. Cross-strait talks to be held every six months

    Posted Jan 09th 2009, 12:00am by Chloe Lai

    ... of whether Taiwanese businesses will be permitted to use their assets in Taiwan as collateral for mainland bank loans. The next meeting will also work out how to facilitate mainland investment ... deltas. They have been seeking support from Beijing and local governments- such as tax concessions, higher export tax rebates, relaxed credit from mainland banks and permission for Taiwanese ...

  7. Vice-governor criticises HK manufacturers in Guangdong

    Posted Mar 05th 2009, 12:00am by Chloe Lai

    ... and charges levied on manufacturers, and a loan guarantee fund to facilitate bank loans. Guangdong came up with 30 measures to help Hong Kong, Macau and Taiwanese manufacturers after tens of thousands ... the competition, internal and external, will be tougher and tougher,' Mr Wan said. 'In December alone, 222 foreign-invested enterprises have folded. It is impossible to save them. I suggest you ...

  8. 50b yuan for river cleanup

    Posted Dec 25th 2008, 12:00am by Chloe Lai

    ... be allowed to discharge untreated sewage directly into rivers. The bureau would also demolish buildings on the banks of rivers designated as sources for drinking water, he said. Water shortages, water pollution and flooding have constrained growth and affected public health in many parts of the mainland. The World Bank says the per capita availability of natural fresh water ...

  9. Millions of jobs at risk in delta, HK's trade representative warns

    Posted Nov 05th 2008, 12:00am by Chloe Lai

    ... At least 2.7 million workers in southern China are likely to lose their jobs, according to an estimate by the Dongguan City Association of Enterprises with Foreign Investment. The Hong Kong trade ... governments to provide information to banks to make it easier for the factories to get credit, and freezing minimum wages for three years. Guangdong decided last month to put on hold, indefinitely, ...

  10. Taiwan's envoy urges Guangdong to provide promised business loans

    Posted Jan 10th 2009, 12:00am by Chloe Lai

    ... crucial to the enterprises' survival. He also sought 'equal treatment' of Taiwanese businesses on the mainland, urging the authorities to lift bans on the island's investments ... measures announced at the end of a two-day cross-strait economic forum. Under the measures, mainland banks will make available the 130 billion yuan in new loans to Taiwanese firms over the next ...




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