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  • November 28, 2014
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  1. Guangzhou Investment on land-buying spree

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

    ... Chloe Lai in Guangzhou Guangzhou Investment, the property arm of the city government, is spending 3 billion yuan (HK$3.4 billion) on land acquisitions this year as it makes a concerted push in the property market. General manager Zhang Shaoxing disclosed the strategy yesterday as the company started leasing the 103-storey Guangzhou International Finance Centre, which it calls ...

  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. Guangdong to help foreign firms

    Posted Apr 07th 2009, 12:00am by Chloe Lai

    ... Chloe Lai in Guangzhou Guangdong will set up a co-ordinating group to assist foreign investors in resolving land problems after the province saw 271 foreign-invested companies shut down or relocate in the first two months of this year, affecting some 406,000 employees. Overseas companies investing at least US$50 million in the export-reliant province will receive preferential ...

  4. Guangdong plans to boost eastern cities

    Posted Sep 01st 2009, 12:00am by Chloe Lai

    ... investment in infrastructure such as roads, railways and airports is being urged to help the cities catch up with their neighbours in the delta. The four cities would focus on developing energy, ... close to Fujian, they said. But they were sceptical on whether the vision could be realised, as the Guangdong government must provide substantial support such as investment projects. 'The ...

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

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

    ... 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 applicants to invest HK$6.5 million in Hong Kong. The company says it secures proof of such investment for applicants through temporary money transfers to shell companies. A representative says ...

  6. Immigration officials seek more details on migrant scheme scam

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

    ... 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 ... The company claims it has found a loophole in the capital investment scheme, for which mainlanders are ineligible. It requires applicants to invest HK$6.5 million in Hong Kong. The company says ...

  7. City to map out policies for delta

    Posted Apr 24th 2009, 12:00am by Chloe Lai

    ... to be signed next month. While foreign direct investment in Guangdong dropped in the first quarter of this year, investment from Hong Kong jumped 32 per cent. Hong Kong investment now accounts for 64.4 per cent of the province's foreign investment. Describing the meeting as 'fruitful', Mr Tang said that he and Guangdong's vice-governor, Wan Qingliang, would meet as soon ...

  8. Where gambling cheats go to buy their gadgets

    Posted Oct 25th 2009, 12:00am by Chloe Lai, Fox Yi Hu

    ... casinos, low-income regions may be able to attract more investment and better develop their tourism, based on the experience of Las Vegas.' Going bust Guangdong began a crackdown on illegal ...

  9. Hot cash flowing in- but is it legal?

    Posted Oct 11th 2009, 12:00am by Chloe Lai, Peggy Sito

    ... and mobilising friends to smuggle currency- all are used to move money in search of investment opportunities. Undoubtedly some of these methods breach the mainland's strict foreign currency ... for Hong Kong's Capital Investment Entrant Scheme. Under this plan, the HK$6.5 million investment required from each applicant to obtain Hong Kong residency can go into real estate ...

  10. Bargain prices to lure Guangzhou residents to Disneyland

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

    ... not break even until 2045. The government and the Walt Disney Company- the two shareholders- will invest HK$3.63 billion in the expansion, which will add more than 30 new rides by 2014. ...




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