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  • April 17, 2014
  • Last updated: 11:58am
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  1. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... attracts Zheng is the price. At 22,000 yuan per square metre, it is about 30 per cent lower than at regular commercial home projects in the neighbourhood. Self-use commercial homes cannot be sold ...

  2. News - China - AGRICULTURE

    Beijing to spend 18b yuan to protect farmers' land rights

    Posted Feb 02nd 2013, 12:00am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Beijing set to spend 18b yuan on clarifying tenure of plots and ordering local officials to issue certificates to farmers in five years Plan to protect rural land rights The mainland is going to spend 18 billion yuan (HK$22.4 billion) identifying and registering the contractual rights of farmland in the countryside over the next five years amid ...

  3. Hard to fight graft in trade, says official

    Posted May 18th 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com An investigation has found bribery involving three billion yuan (HK$3.58 billion) linked to 156,000 cases of illegal construction projects from September ... and government priorities now were very different from two years ago when Beijing launched a four trillion yuan stimulus during the global financial crisis. 'Then the priority was boosting [gross ...

  4. Business - China Business - CROSS-STRAIT TIES

    Beijing, Taipei sign yuan clearing pact

    Posted Sep 01st 2012, 12:00am by George Chen

    ... George Chen and Bloomberg george.chen@scmp.com Taiwan becomes the third offshore trading centre after Hong Kong and Macau, signalling more competition ahead in yuan settlement Beijing, Taipei sign yuan clearing pact Beijing and Taipei signed a yuan clearing agreement yesterday, a move that analysts say will help globalise the use of the currency but create competition with Hong ...

  5. Beijing to pack 56b yuan into metro expansion

    Posted Aug 10th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Beijing Infrastructure Investment, which invests in and builds the capital's metro railway, says it will spend 55.87 billion yuan (HK$68.49 billion) on 10 metro rail projects from next year to 2015. The state-run company will issue two billion yuan of one-year bonds to fund the construction of at least six metro lines, adding to its mounting ...

  6. 829b yuan to beat the downturn

    Posted Jul 27th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Hunan provincial capital Changsha has unveiled an 829.2 billion yuan (HK$1.02 trillion) stimulus package, prompting speculation it could be a model ... billion yuan, in an attempt to 'stabilise economic development', the official China News Service reported. The announcement follows a 3 trillion yuan stimulus package unveiled ...

  7. 15m yuan diamonds are a man's best friend

    Posted Jul 17th 2012, 12:00am

    ... Huang Yuanxi yuanxi.huang@scmp.com A man from Ordos, Inner Mongolia, bought 104 diamonds for nearly 15 million yuan (HK$18.4 million) from a retailer in Beijing last week, hoping to keep ... sum. The employee was quoted as saying that the buyer began negotiating his purchase with the store two months ago, and he initially wanted to spend 40 million yuan, but his current disposable ...

  8. Homeowners losing battle for their rights

    Posted Jun 27th 2010, 12:00am by Chloe Lai

    ... 2001 to make way for a 2 billion yuan (HK$2.3 billion) luxury resort and apartment complex. The dispute turned violent in February when township officials began construction, forcibly driving ... displaced residents would receive a monthly rent subsidy of 90 yuan until December 1999, when they could return to the old neighbourhood and move into brand new flats. Returning residents would ...

  9. Beijing clears yuan and yen for trade

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Beijing has authorised direct trading between the yuan and Japan's yen- only the second currency after the US dollar to have such an arrangement- as part of a push to internationalise the yuan to become widely used in trade, investment and reserves. The move, effective from Friday, would lower currency exchange costs, increase the use of the yuan ...

  10. Higher yuan exchange cap urged

    Posted May 19th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Bankers in the city have urged Beijing to raise the cap that limits Hongkongers to exchanging no more than 20,000 yuan (HK$24,500) per day, and to end the ban on non-Hong Kong residents opening yuan accounts in the city. Bank of China (Hong Kong) deputy chief executive David Wong See-hong said these changes would further strengthen the city's role ...




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