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  • November 26, 2014
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  1. New SFC chief thinks positive

    Posted Oct 01st 2011, 12:00am

    ... at the financial regulator's corporate finance division. The appointment comes at a time when Hong Kong is forging closer economic ties with the mainland and seeking to become an offshore centre for the trading of yuan, which is yet to be a fully convertible currency. The Hong Kong securities regulator has also resisted plans to allow mainland accounting firms to audit the books of Chinese ...

  2. June 4 vigil takes on new meaning

    Posted Jun 06th 2012, 12:00am

    ... yuan, up 25 per cent from last year. Alliance chairman Lee Cheuk-yan also said: 'The biggest change in Hong Kong's role is the level of interaction. Mainlanders are now utilising ...

  3. Success of trade pact is linked to 'one country'

    Posted Feb 24th 2004, 12:00am by Ambrose Leung

    ... principle. Wang Liaoping, director-general of the Taiwan, Hong Kong and Macau office of the Ministry of Foreign Trade and Economic Co-operation, said the Closer Economic Partnership Arrangement (Cepa) epitomised the proper implementation of the 'one country, two systems' ideal. Addressing a seminar on the trade pact, he said: 'It is because we are one country ...

  4. Expanding scope of yuan services vital, says Tang

    Posted Mar 07th 2006, 12:00am by Dennis Eng

    ... in the province. Mr Tang said in his budget speech two weeks ago that the government was in discussions with Beijing to allow cross-border trade to be settled in yuan and to set up a yuan debt issuance ... Dennis Eng Developing and broadening the scope of yuan services in Hong Kong is crucial to the city's economic and financial growth, the financial secretary says. 'Our equity ...

  5. Mixed views on status of new finance council

    Posted Jul 09th 2012, 12:00am

    ... of the financial services industry did their own promotional activities- the HKMA focused mainly on banking and yuan businesses, HKEx on listing, the TDC on trade-related matters, while the local ... for the council's launch. 'The council needs to define a clear role to avoid overlapping with other promotional bodies such as the Trade Development Council (TDC),' Chim Pui-chung, legislator ...

  6. Talking points

    Posted Jul 26th 2012, 12:00am

    ... in the telecommunications and broadcasting regulator. The cabinet has nominated Professor Howard Shyr and two other academics as well as Chen Yuan-ling, general manager of Integral Investment, to sit on the National Communications Commission, with Shyr nominated its new chairman. Members of the Legislative Yuan's transportation and education and culture committees have expressed strong ...

  7. Letters

    Posted Jul 12th 2012, 12:00am

    ... recent scientific successes, such as with space exploration. Nor does there appear to be appreciation of Beijing's efforts to promote yuan trading in Hong Kong. Some Hongkongers see the scientific advances as irrelevant and the yuan conversion initiatives as only benefiting the financial sector. Many marchers were under 30 and they want a better society for themselves. This is more ...

  8. Tsang shares hopes for HK's role in five-year plan

    Posted Dec 23rd 2010, 12:00am by Gary Cheung

    ... is a preferential-trade agreement between the mainland and Hong Kong launched in 2003 and since extended annually. Hu's remarks came after Tsang suggested four points to be included in the national blueprint ... centre and the launchpad for Chinese businesses seeking entry to global markets. It sees itself as a hub for offshore renminbi business and as capable of playing a crucial role in the reform ...

  9. SCMP Debate

    Posted Mar 12th 2012, 12:00am

    ... 28 million mainland visitors to Hong Kong and has helped our retail, food and wine sectors. However, trade and professional services have yet to be successful. It is a myth that guanxi ... to China. With China's huge trade surplus, Hong Kong can now play a role by helping mainland SOEs and private enterprises look for overseas investment opportunities. Policies We should expand ...

  10. A helping, hands-off strategy works best for Hong Kong

    Posted Jan 10th 2012, 12:00am

    ... government has, through various measures including signing the Closer Economic Partnership Arrangement, issuing individual travel passes to mainland travellers and launching yuan business in Hong ... as an international financial, trade and shipment centre. It is still considered the most open and freest economy in the world and one of the most dynamic and business-friendly regions. The central government ...




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