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  • October 24, 2014
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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. News - China - BANKING

    Hong Kong banks may extend yuan loans to firms in Shenzhen's Qianhai zone

    Posted Dec 28th 2012, 12:00am by Sandy Li

    ... cross-border yuan lending. It will boost Hong Kong's offshore yuan business and enable much of the yuan that has accumulated offshore to flow back to the mainland. The Hong Kong Monetary Authority ... Sandy Li sandy.li@scmp.com Yuan loans from HK for firms in Qianhai Firms in Shenzhen's Qianhai development zone will be allowed to borrow directly from Hong Kong banks in yuan ...

  3. 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 ...

  4. Rent-a-sweep trade is a grave offence to some

    Posted Apr 04th 2012, 12:00am

    ... Ching Ming festival falls today. The basic service costs about 300 yuan (HK$370) to 700 yuan and lasts 20 to 30 minutes. It includes burning incense and paper money, presenting fruits and cakes, ... and crying in front of tombs, burning paper cut-outs of 'servants' and presenting liquor. One online shop said crying costs at least 300 yuan, with an extra 300 yuan for every 10 additional ...

  5. 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 ...

  6. HK may lose lead role in fund-raising as yuan rises

    Posted Apr 08th 2011, 12:00am

    ... on yuan-backed financial products in July, Chan said unresolved structural problems remained hindrances to Hong Kong's development into an 'in-depth' yuan offshore centre. At present, ... competition, yes, but we are not idling either.' The analyst said that while there are limitations to offshore raising of yuan in Hong Kong, they are not worse than before and he does not think ...

  7. 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 ...

  8. News - Hong Kong - PARALLEL-GOODS TRADING

    Shenzhen sets limits for frequent Hong Kong visitors

    Posted Feb 07th 2013, 12:00am by Stuart Lau

    ... they first enter Hong Kong under a new measure that came into force this month, according to the customs department here. Mainland visitors can carry up to 5,000 yuan (HK$6,200) worth of goods ... here. But the parallel-goods trading has continued since last week's announcement. Some 91 cases, involving 53 mainlanders and 38 Hongkongers, have been reported by local customs officers ...

  9. News - Hong Kong - TRADE

    50 parallel trading cases detected in HK-Shenzhen border crackdown

    Posted Sep 17th 2012, 12:00am by Clifford Lo, Amy Nip, Kristie Wong

    ... Clifford Lo, Amy Nip and Kristie Wong 50 parallel trading cases netted in crackdown Crackdown on parallel trading detects 50 cases More than 50 suspected parallel trading cases have been ... of which 50 cases were acted upon. In the first seven months of the year, co-operation between the two forces cracked just 150 parallel trading cases. Hong Kong authorities are now looking beyond ...

  10. Swire Pacific pays 174m yuan for cold stores

    Posted Aug 07th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Swire Pacific has splashed out 173.8 million yuan (HK$213.06 million) to acquire a 60 per cent interest stake in Guangdong Swire Cold Chain Logistics ... Pacific's trading and industrial division, headed by executive director John Rae-Smith. The deal could be completed by the end of this month, but Swire Pacific said it might be delayed because ...




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