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  1. Motion calling for welfare fund rejected

    Posted Jan 10th 2008, 12:00am by Colleen Lee

    ... Colleen Lee Lawmakers yesterday voted down a motion calling for the government to set aside part of its fiscal surplus, understood to be heading for HK$100 billion, to set up a fund ... go into the fund during any financial year in which fiscal reserves exceeded a certain level. Secretary for Labour and Welfare Matthew Cheung Kin-chung said: 'The government normally ...

  2. EU trade chief hails Wen pledge of more help

    Posted Feb 17th 2012, 12:00am

    ... investments in Europe's physical assets and others in sovereign debts. Lou Jiwei, chairman of the China Investment Corporation, the country's US$410 billion sovereign wealth fund, said on Monday that European sovereign debts were not attractive investments. China has foreign exchange reserves of about US$3.2 trillion, the world's largest. Wen's remarks came just a day ...

  3. News - China - POLITICS

    Beijing denounces report on Wen family's wealth

    Posted Oct 27th 2012, 12:00am by Teddy Ng

    ... Teddy Ng teddy.ng@scmp.com NY Times accused of ulterior motives after claiming relatives control US$2.7b in assets Beijing denounces report on Wen family's wealth Beijing reacted furiously yesterday to an overseas media report that Premier Wen Jiabao's family had accumulated massive wealth during his time in office. "Some reports smear China and have ulterior ...

  4. Ask our experts

    Posted Oct 24th 2011, 12:00am

    ... from Europe, to make us more positive about equities. In China, we have also seen some small but significant measures. Central Huijin, the sovereign wealth fund, started to buy shares ... Pacific, UBS Wealth Management Research) is asked: Do the recent initiatives of the EU summit suggest that we are at the beginning of the end of the euro-zone crisis? Is a resolution in sight? ...

  5. Exco changes 'may bring confusion'

    Posted Jun 25th 2012, 12:00am

    ... Temasek and [sovereign wealth fund] GIC even give incentives to attract foreign investments. But if we do that in Hong Kong, it won't necessarily trickle down to benefit the people.' ...

  6. Lesson to be learned from funding debacle

    Posted May 13th 2011, 12:00am

    ... with the government's well-intentioned but disappointing Community Care Fund. Today, lawmakers will be asked again to approve the government's share of HK$5 billion to launch the charity fund, despite ... news from lawmakers until the Legco Finance Committee met to discuss the funding last Friday. Despite worthy goals, it appears that such a joint venture between the government and tycoons ...

  7. Extend safety net for those in need

    Posted Mar 28th 2012, 12:00am

    ... hoc government fund for help is regrettable. Set up in 2010, amid growing discontent over the widening wealth gap, with a view to supplementing the existing safety net, the HK$10 billion ... Finally, the government has come up with a plan to help those left out in John Tsang Chun-wah's giveaway swansong budget. The Community Care Fund plans to dish out HK$100 million ...

  8. Lai See

    Posted Nov 16th 2011, 12:00am

    ... it declined. As we know, the government's rule of thumb is that it can ignore anything that is not going to cause protests. Wealth of misinformation Good to see that the asset managers of our national government are not letting themselves get pushed around by the West. Gao Xiqing, general manager with the China Investment Corporation, China's sovereign wealth fund, told a Chinese ...

  9. Tsang says Henry Tang right to head poor fund

    Posted Oct 16th 2010, 12:00am by Martin Wong

    ... Fund will provide him a platform to seek election as his successor in 2012. Tsang announced the setting up of the fund in his policy address on Wednesday. The government and the business sector ... Tang was the most suitable person to administer the fund. 'The scheme was devised by me. I introduced it. But I need someone to help me administer it, someone with a good reputation ...

  10. Island's 'sovereign status' to be enshrined in textbooks

    Posted May 21st 2009, 12:00am by Lawrence Chung

    ... Lawrence Chung Taiwanese President Ma Ying-jeou has said he would ensure facts about the island's status were in local textbooks for future generations to remember. 'Taiwan is a part of the Republic of China, and the sovereignty of the Republic ...




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