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  1. News - China

    Qianhai economic zone chief says it won't compete with Hong Kong

    Posted Jun 28th 2013, 12:00am by George Chen

    ... Shenzhen-Hong Kong Modern Service Industry Co-operation Zone. "Hong Kong is already China's largest offshore yuan trading centre. Our job is to help to make Hong Kong even more important and make the offshore yuan business even bigger," Zhang said in his first interview since he was appointed two months ago. Qianhai- an hour's drive from Hong Kong- was named 12 months ago ...

  2. Rail projects set for five-year plan

    Posted Feb 15th 2011, 12:00am by Gary Cheung

    ... The draft of the blueprint for the nation's development also pledges support for the development of offshore yuan business in Hong Kong and six of the city's knowledge-based industries. ... services, environmental industries, innovation and technology, cultural and creative industries, food safety and product testing. The draft plan promises support for the development of offshore yuan ...

  3. Analyst urges quick integration

    Posted Apr 20th 2012, 12:00am

    ... in finance, trade, commerce and innovation. They must speed up their co-operation in developing their pioneer cross-border yuan loan business or risk losing out to the competition in offshore yuan ... May Chan may.chan@scmp.com Hong Kong and Shenzhen need to speed up their integration including developing their pioneer cross-border yuan loan business, says an official from the State ...

  4. New scheme more stopping service than through train

    Posted Jul 16th 2009, 12:00am by Tom Holland

    ... in 2003 of the qualified foreign institutional investor initiative, which allowed offshore investors to buy yuan-denominated A shares, rendered B shares redundant, and they have since been largely ... that would allow mainlanders to invest in the Hong Kong-listed H shares of mainland companies through depositary receipts traded on the Shenzhen stock exchange. In return, Hong Kong and international ...

  5. Shenzhen looks to strengthen links with HK

    Posted Jun 25th 2008, 12:00am by Fiona Tam, Fox Yi Hu

    ... of the yuan- although subject to a certain quota- so that Hong Kong could become an 'offshore trading centre' for the currency. It is also suggested that Shenzhen should work hard to persuade ... ideas from the chief executive's policy address and the Bauhinia Foundation think-tank Shenzhen- Jointly develop Lok Ma Chau Loop with Hong Kong- Allow a freer flow of yuan between cities- ...

  6. Jail guards learn cardinal lesson in law at a high cost

    Posted Jun 26th 2008, 12:00am by Jake Van Der Kamp

    ... 'The proposals include a suggestion by Shenzhen that it would seek Beijing's approval to allow residents from the two cities to enjoy easier exchange of the yuan- although subject to a certain quota- so that Hong Kong could become an 'offshore trading centre' for the currency.' What considerate people the Shenzhen city fathers are. It is the interests of Hong Kong ...

  7. Qianhai sees bold future despite setbacks

    Posted May 20th 2012, 12:00am

    ... policies from Beijing: setting up over-the-counter or off-exchange trading, and allowing its companies to take out cheap yuan loans from Hong Kong banks. 'For such a long time, Hong Kong has been an offshore centre for yuan but the mainland hasn't had a fund-inflow mechanism for yuan,' he said. 'Investors can only deposit the currency in banks and enjoy a very low ...

  8. Military to tap markets for 60b yuan

    Posted Dec 26th 2007, 12:00am by Carol Chan

    ... Carol Chan National defence to modernise, upgrade shareholding structure over the next five years The mainland's military sector is expected to raise up to 60 billion yuan from ... to encourage military firms to expand manufacturing activities for civilian applications and to raise funds through the capital markets. As part of the initiative, government-owned publicly traded ...

  9. B shares jump on fresh rumours of markets merger

    Posted Jan 12th 2007, 12:00am by Jamil Anderlini

    ... yuan-denominated A-share counterparts. The Shanghai B-Share Index surged 7.19 per cent to close at 152.676 points while the Shenzhen B-Share Index rose 3.91 per cent to 479.737 points. Both indices fell ... in the early 1990s to attract foreign capital to mainland firms. B shares can be traded only by foreign and individual domestic investors using US dollars in Shanghai and Hong Kong dollars in Shenzhen. ...

  10. Beijing should legalise and regulate booming underground banks

    Posted Nov 26th 2007, 12:00am by Wang Xiangwei

    ... of Lunar New Year, migrant labourers and particularly prostitutes plying their trade in the city withdrew all their hard-earned money totalling tens of billions of yuan and went home ... amount, it is safe to assume that tens of billions of yuan may have been poured into the Hong Kong stock market through illegal channels following Beijing's announcement in August ...




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