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  • October 26, 2014
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  1. Diving market fails to deter investment tourists

    Posted Nov 22nd 2007, 12:00am by Staff Reporter

    ... Choi Chi-yuk It was hardly the most auspicious day for the launch of China Travel Service's 'fortune increasing tours' for would-be mainland investors in Hong Kong ... Square, home to the city's stock exchange. Mr Luo, a Shenzhen resident, said he had already amassed nearly one million yuan over the past 2? years from buying mainland A shares with a stake ...

  2. Tourist refund on $1,500 spending seen as too high

    Posted Jul 19th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Overseas tourists will have to spend at least $1,500 at the same retailer or operator to get back the goods and services tax, the government proposes. Hong Kong holidaymakers ... Financial Secretary Henry Tang Ying-yen claimed the tax would not affect overall tourist spending. 'The point is that tourists should be able to receive a refund,' he said, adding ...

  3. Bus crash has a lesson for tourists and tourism

    Posted May 21st 2006, 12:00am by Staff Reporter

    ... to charities, the highest level of giving per person in the world. Mainland officials frequently pay tribute to our city's contributions to appeals for relief following natural disasters. ... that killed 14 Hong Kong tourists nearly four months ago. As our report today says, the survivors and the families of the dead and injured say they have received little or no help from the tour ...

  4. Mainland's first fund aimed at car services

    Posted Jul 12th 2011, 12:00am

    ... Daniel Ren ren.wei@scmp.com Mainland China's first private equity fund targeting the car services sector will be in operation as early as next month, seeking merger and acquisition ... responsible for the disposal of bad loans for the mainland's largest banks. China has become the world's largest car market, with annual vehicle production of more than 18 million units last ...

  5. Pilot scheme should be seen as long-term boost

    Posted Aug 21st 2007, 12:00am by Staff Reporter

    ... of the Hong Kong exchange and be more willing to invest. Also, the relative lack of volatility on the mainland markets cannot be guaranteed in the long term. Just as the number of mainland tourists ... After a week of stock market turmoil, Hong Kong investors deserved some good news, and it came yesterday courtesy of the mainland's currency regulator. The announcement ...

  6. New policy to offer tourists better coverage

    Posted Aug 22nd 2011, 12:00am

    ... agents to sell travel insurance to encourage more tourists to buy policies. Paul Chan Kin-por, a lawmaker for the insurance functional constituency, said the policy had proven to be a success, with more than 80 per cent of tourists now buying travel insurance. 'It is convenient for customers to be able to buy insurance when they sign up for a tour,' Chan said. Meanwhile, ...

  7. The mainland is no longer cheering the influx of foreign funds

    Posted Nov 10th 2004, 12:00am by Mark O'Neill

    ... interest rates an extra incentive. Large Chinese firms that formerly parked their foreign exchange earnings offshore have re-joined the party. The money has gone into mainland property, bonds, ... allowed Chinese tourists to take out more hard currency, permitted Chinese companies to retain a larger slice of their foreign exchange earnings and will allow local insurers to invest some ...

  8. Sales lack real sparkle, but optimism stays

    Posted Feb 07th 2012, 12:00am

    ... sales with it. A similar consolidated retail figure is not available for Hong Kong. But jewellery sales- a sector that reflects mainland tourists' spending, failed to shine during ... Securities, the less-than-sterling performance of jewellers during the holidays had more to do with the changing shopping patterns of mainland tourists, cold weather and a longer-than-usual holiday ...

  9. Hainan duty free scheme aims to lure more visitors

    Posted Mar 25th 2011, 12:00am by Staff Reporter

    ... the province's tourism industry. Eighteen types of goods would be free of tariffs, consumption tax and value-added tax, and all tourists 18 and older who departed Hainan by air were eligible, ... restricted area before buyers board flights. Tourists would spend 30 to 50 per cent less than usual if they bought less than 5,000 yuan of goods, and save 15 to 30 per cent for an item above 5,000 ...

  10. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... Agence France-Presse in Singapore Bitcoins, the unofficial online currency units created as an investment instrument independant of banks, are booming on the mainland A co-founder ... on BTC China, which is available only to traders in the mainland, is currently at 2,647.90 yuan (HK$3,348.12), surging nearly 100 per cent from its price in late October. It handled 434,349 ...




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