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  1. Beijing pledges extra 500m yuan

    Posted Jan 01st 2005, 12:00am by Staff Reporter

    ... Vivien Cui The central government yesterday pledged an additional 500 million yuan in humanitarian aid to help countries ravaged by the tsunami. Meeting envoys from nations affected ... people.' He also promised that Beijing would provide more aid when needed. The 500 million yuan in aid is in addition to 21.63 million yuan pledged earlier this week. The central government has ...

  2. Don't sink with the US dollar, China

    Posted Jan 01st 2005, 12:00am by James Dorn

    ... there will be increasing upward pressure on the yuan-dollar exchange rate- unless the central bank pumps out more and more yuan to buy the excess supply of US dollars. The fact that inflation has gone from zero ... liberalisation this year to relieve pressure on the yuan, and a slow movement towards widening the peg or adopting a currency basket. The central bank will then have greater freedom to focus on domestic ...

  3. A year of progress and challenges

    Posted Jan 01st 2005, 12:00am by Staff Reporter

    ... to sustain after the events of 2004: it is both, and inevitably so. This appears to have been recognised by the central government, which has referred to 'new circumstances' in our city. ... as the central government asserted its authority. By April, the relevant parts of the Basic Law had been interpreted by Beijing. Universal suffrage for the elections in 2007 and 2008 was then ruled out. ...

  4. Parties put politics aside and unite to aid victims

    Posted Jan 01st 2005, 12:00am by Staff Reporter

    ... to lend support. The coalition of democratic parties launched their fund-raising operation by setting up a donation booth in Central. The drive is being backed by all main parties including ... the campaign over the next three days- today and tomorrow at the Star Ferry piers and on Monday at the HSBC headquarters in Central. 'We hope that everyone who works there can volunteer to give ...

  5. Tung and ministers to raise funds at free variety show

    Posted Jan 01st 2005, 12:00am by Ambrose Leung

    ... Ministry and the central government liaison office in Hong Kong. Admission is free and up to 35,000 seats will be available in the 40,000-capacity stadium. The show will run from 2.50pm to 5pm. ...

  6. new panel sought on fiscal policy

    Posted Jan 01st 2005, 12:00am by Cary Huang

    ... Cary Huang A top think-tank wants the central government to set up a body to develop fiscal policy. It says the measure would accelerate the reform of decision-making on public finances and improve the government's ability to implement macroeconomic controls. The proposed fiscal policy committee would complement the central bank's Monetary Policy Committee, said ...

  7. City Briefs

    Posted Jan 01st 2005, 12:00am by Staff Reporter

    ... receiving a complaint from a commuter about routes 10 (North Point to Central) and 5B (Causeway Bay to Kennedy Town). Interviews found similar complaints on routes 5 and 7 (Central to Shek Pai Wan) and 71 (Central to Wong Chuk Hang). The Post found a bad smell, stained floor and rubbish on one 5B bus. A CityBus spokeswoman said buses were cleaned every night when they returned to the depot ...

  8. Cold puts 13 in hospital, but not this bather

    Posted Jan 01st 2005, 12:00am by Patsy Moy

    ... Patsy Moy At least 13 people have been admitted to hospital during the cold snap that has had Hong Kong shivering since Tuesday and kept revellers rugged up last night on the coldest New Year's Eve for 20 years. The Observatory issued a frost warning ...

  9. Growing pains manifest in mainland markets last year

    Posted Jan 01st 2005, 12:00am by Elaine Chan

    ... state-owned enterprises, with 19 trillion yuan of assets and profits of 490 million yuan last year. The biggest 181 remain under central control. Early in the year, the State-owned Asset Supervision ... further losses, the central government this year required listed companies to report all private sales and purchases of non-tradeable state shares to the stock exchanges. For unlisted state firms, ...

  10. Transport venture sets sights on oil imports

    Posted Jan 01st 2005, 12:00am by Annette Chiu

    ... large crude carriers, which are mainly involved in international trade. The central government is encouraging more mainland companies to participate in oil import transport as Chinese carriers ...




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