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  • July 13, 2014
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  1. News - Hong Kong - POLITICS

    Slow progress to clear HK$6.8b funding requests to Legco Finance Committee

    Posted Jul 11th 2014, 04:56pm by Tony Cheung

    ... a dozen measures set to face a three-month delay after the Legislative Council's Finance Committee yesterday finished scrutinising only the first few items in a HK$6.8 billion backlog. When the meeting closed at 9.10pm, the committee had approved only the first six funding requests on its agenda. They included a hotel development project for Disneyland and cash for building a home ...

  2. News - Hong Kong - POLITICS

    Legco finance committee approves HK$1.6b Queen Mary Hospital reconstruction proposal

    Posted Jul 12th 2014, 01:39pm by Tony Cheung, Ada Lee

    ... Tony Cheung and Ada Lee In last meeting of Legco's Finance Committee before the summer recess, a flurry of measures pass Hospital funded in final seconds A HK$1.6 billion request for funds to redevelop Queen Mary Hospital received unanimous support from lawmakers yesterday, passing in the final minute of the Legislative Council Finance Committee's final meeting before ...

  3. News - Hong Kong - POLITICS

    Under-fire finance committee chief Ng Leung-sing blames treasury over funding backlog

    Posted Jul 09th 2014, 12:46pm by Tony Cheung

    ... It came after Ng was accused of breaching Finance Committee procedures- most notably when he rushed through a vote on a controversial HK$340 million funding request for a new-towns project on June ... Tony Cheung tony.cheung@scmp.com Ng Leung-sing brushes off notions of stepping down after surviving a no-confidence vote Finance Committee chief staying put Beleaguered Legislative Council ...

  4. News - Hong Kong - DEVELOPMENT

    Finance chief urges lawmakers to back funding for new towns, despite protests

    Posted Jun 23rd 2014, 04:57am by Staff Reporter

    ... by the project to stay in their homes was impossible. Chan came under fire last year when he declared that his family owned land affected by the scheme. A Finance Committee meeting on the funding request ... Tsang Chun-wah said on his blog that a filibuster attempt in the Legislative Council's Finance Committee over a government request for HK$340 million for preliminary work had created ...

  5. Comment - Letters

    Housing Authority needs to review its financing model

    Posted Jun 29th 2014, 05:27am by LETTERS

    ... impossible for the authority to become self-financing. Given the rapid increase in costs for labour and materials, maintenance of existing public housing estates and new development projects have put ... Housing Authority needs to review its financing model Addressing housing problems is a primary concern of our government. The Housing Authority is tasked with providing public housing ...

  6. News - Hong Kong

    Send waste to Zhuhai, says former finance chief

    Posted Jun 21st 2014, 03:10am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Antony Leung tells seminar deals should be struck to make use of neighbours' land Send waste to Zhuhai, says former finance chief The former financial ... to expand the Tuen Mun, Tseung Kwan O and Ta Kwu Ling tips until a planned incinerator off Shek Kwu Chau- also a contentious project- is ready. Leung, who is tipped as a potential candidate ...

  7. News - Hong Kong - POLITICS

    Critics say Finance Committee chair Ng Leung-sing is in over his head

    Posted Jun 23rd 2014, 04:57am by NG KANG-CHUNG

    ... government to clarify before they decide to agree or disagree on a funding request." Lau was the Finance Committee chairman during the debate over the controversial high-speed railway project ... Ng Kang-chung kc.ng@scmp.com Ng Leung-sing took Finance Committee chair after eight years out of politics. Now he faces a battle his critics say he lacks the skills for Old hand ...

  8. Property - Hong Kong & China - DEVELOPMENT

    Ghost buildings haunt Tianjin's 'Manhattan' project

    Posted Jul 02nd 2014, 04:49am by BLOOM

    ... to find the next buyer." The deserted area underscores the fallout from a record credit-fuelled investment spree while sustaining growth and jobs. A Tianjin local government financing vehicle ... for the year in 2010. An annual pace of 10.6 per cent would be the city's weakest since 1999. The government financing vehicle, Tianjin Binhai New Area Construction & Investment Group, said ...

  9. Business - Money - FUNDING

    Islamic finance still a pipe dream for Hong Kong

    Posted Jun 18th 2014, 01:19am by Jasper Moiseiwitsch

    ... been made Islamic finance still a pipe dream for HK Hong Kong has been talking about Islamic finance for seven years with little to show for it. The essential logic of Islamic funding is compelling. China's capital needs are growing exponentially. China's bond market is projected to soon become the world's second largest. The global financial crisis showed the US dollar ...

  10. News - China

    Li Keqiang expected to discuss finance and trade deals on UK trip

    Posted Jun 13th 2014, 05:08am by Reuters

    ... as a financial centre to further develop China's finance industry." The internationalisation of the yuan is one of China's most ambitious and hotly debated reform projects. From less than ... Reuters in Beijing Agreements likely during Li's London trip, according to ministry official Premier to discuss UK finance, trade deals Premier Li Keqiang will discuss infrastructure, ...




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