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  • October 22, 2014
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  1. Business - China Business - PROPERTY

    Guangzhou R&F Properties shifts focus beyond first-tier cities

    Posted Aug 17th 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Developer will put more money in secondary markets, where housing demand is tipped to increase Guangzhou R&F shifts focus beyond first-tier cities Guangzhou R&F Properties plans to increase investment in second- and third-tier mainland cities as the industry shifts its focus to the housing demand of end-users in the coming years. Chairman ...

  2. City banks find plenty of takers for yuan accounts

    Posted Aug 06th 2012, 12:00am

    ... from Wednesday, in the latest move to support the city's bid to become an offshore centre for the yuan, the Hong Kong Monetary Authority (HKMA) said local banks could open yuan accounts ... relations here were among the first non-residents to open accounts.' Until this week, only Hong Kong identity card holders could open yuan accounts in the city. But the HKMA, the city's de ...

  3. City's depressed listings market set to rebound

    Posted Jun 28th 2012, 12:00am

    ... Hong Kong at No 5 in the global listing league table. Even with a rebound in the second half, it is uncertain whether the city will remain the No 1 fund-raising destination in the world ... foreign banks motivated by the need to meet the Basel III capital requirements and the chances for international expansion as Western banks offloaded their assets. Au said the city might also ...

  4. Travellers' checks

    Posted May 13th 2012, 12:00am

    ... The ship operating the service from this week until October will be the Costa Victoria (below), a 964-cabin vessel that houses five restaurants, 10 bars, a theatre, a casino ... from London's Victoria Station to Paris, Amsterdam, Brussels or Boulogne start from just GBP1 (HK$12.50), and even with the 50 pence booking fee and tickets that sometimes cost a little ...

  5. City still has upper hand in region, think tank says

    Posted May 19th 2012, 12:00am

    ... Ada Lee ada.lee@scmp.com Hong Kong's position as an international financial centre is unlikely to be shaken despite Shanghai's rapid development, a think tank says. A research report by British think tank Chatham House said Hong Kong had an advantage in its 'China dimension', and the city's well-developed regulatory system and reputation as the most ...

  6. City delights

    Posted May 03rd 2012, 12:00am

    ... Introduction Hong Kong Island is the business heart of the city, where executives typically work long hours and, in doing so, have helped to turn the former British colony into a world city. It is therefore no surprise that many choose to live in urban locations to shorten travel time, and that also explains why some of these districts have the highest concentration ...

  7. Peak house sells for record HK$800m

    Posted Jun 10th 2011, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com A house on The Peak has sold for HK$800 million, or HK$96,362 per square foot, creating a city record. The 8,302 square foot house- No 10 Pollock's ... to be the residence of former Hongkong Bank chairman Michael Sandberg and Yaohan International chairman Kazuo Wada. The three-storey house has a private swimming pool, a garden and a sweeping view of Victoria ...

  8. CKI mulls listing of energy, tunnel assets in Australia

    Posted Aug 19th 2005, 12:00am by Denise Tsang

    ... in four towns in Victoria state, a 50 per cent stake in Sydney Cross City Tunnel and a 40 per cent interest in Lane Cove Tunnel in Sydney. Each of the group's power assets- Citipower, ... in electricity distributors- Citipower in Melbourne and PowerCor Australia in regional Victoria- faced sharp tariff cuts between next year and 2010. Brushing this off, deputy managing director Eric Kwan ...

  9. ENN pays Citi for funds for China Gas bid

    Posted Mar 29th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com ENN Energy has already paid financial adviser Citi 57 million yuan (HK$70 million) to arrange financing for its joint US$2.2 billion bid with Sinopec to take ... the payment, in the form of an arrangement fee for a bridging loan for the three-month-old bid, was booked in last year's profit and loss accounts. In addition, ENN will have to pay Citi ...

  10. CHIC and luxurious

    Posted Aug 03rd 2012, 12:00am

    ... Group's The Prince Place in Kowloon City. Upcoming luxury developments include Swire Properties' 53-unit project at Argyle Street and Wheelock Properties' 66-unit Kadoorie Hill at Prince ...




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