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  1. 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 ...

  2. 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 ...

  3. 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 ...

  4. City's offshore trading ambitions dealt double blow

    Posted Feb 06th 2012, 12:00am

    ... The plan to establish Shanghai as the hub for yuan trading, clearing and pricing is part of broader efforts to make the city a financial centre like London or New York by 2020 and is a setback for Hong Kong, which had hoped to become the chosen centre for trading in the currency. Analysts now believe that with more cities competing to expand their yuan markets and with the appreciation ...

  5. City still world's top spot for IPOs

    Posted Dec 21st 2011, 12:00am

    ... May Chan may.chan@scmp.com Hong Kong remains the world's top initial public offering destination, raising HK$251.1 billion so far this year, even though the figure dropped 44 per cent from last year. Hong Kong surpassed New York, London and Shanghai ...

  6. City digs in for likely HK$45b IPO goldmine

    Posted Dec 01st 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Hong Kong's stock market could see up to HK$45 billion worth of IPOs by mining and resources firms next year, even though their stocks have declined as China's economy has slowed and sovereign debt problems mount in th ...

  7. Mainland firms on track to list in the city

    Posted Nov 09th 2011, 12:00am

    ... to attract just HK$230,000 in margin trading, while the latter attracted none at all, according to data from Phillip Securities. Other mainland firms expected to list in the city by the end of the year includes Hairun Media. $73.3b Eight new firms, including Chow Tai Fook, plan to raise this amount, in Hong Kong dollars, from listing in the city ...

  8. Keep the peace and make Saturday a respite from city's construction noise

    Posted Oct 12th 2011, 12:00am

    ... It was odd to wake up on a Saturday morning and be able to sleep in. The peace and quiet was also unusual for a Saturday and then the revelation hit us- it was October 1, a public holiday, so there was no sound of construction work on the neighbouring Swi ...

  9. Democrats in copycat plunge over GST

    Posted Aug 06th 2006, 12:00am by Felix Chan

    ... Felix Chan Democratic Party activists unhappy with the proposed goods and services tax take a leaf out of the Korean farmers' book with a plunge into Victoria Harbour yesterday. Eight ... we feel it is the same as pouring water into the sea.' The party will hold a city-wide signature petition campaign next Sunday and march to the government headquarters a week later. ...

  10. City'super plans two more outlets in Shanghai

    Posted Jun 07th 2011, 12:00am

    ... Daniel Ren in Shanghai ren.wei@scmp.com Hong Kong retail chain city'super, an operator of high-end supermarkets, plans to open two more outlets in Shanghai next year to compete ... city'super president Thomas Woo. 'It is also a highly competitive market and difficult for overseas brands to secure a foothold.' The company owns a 2,700-square-metre store at IFC Mall ...




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