• Fri
  • Sep 19, 2014
  • Updated: 12:31am


Analysts divided on impact of Qianhai-BVI move on Hong Kong

Qianhai, the special economic zone in Shenzhen intended as a test bed for China's yuan liberalisation and financial reforms, has strengthened its financial co-operation with the British Virgin Islands (BVI), a leading offshore tax haven, but analysts are divided as to whether the move will be a threat or a benefit to Hong Kong.

Thursday, 16 January, 2014, 1:44am

QDII3 to benefit Hong Kong, say bankers

Bankers and brokers believe a HK$100 billion investment scheme, dubbed QDII3, in the Qianhai economic zone in Shenzhen would benefit Hong Kong's standing as an offshore yuan centre in the face of overseas challengers but say it could take a long time for Beijing to approve it.

3 Dec 2013 - 4:13am

Qianhai bypassed as firms head for Shanghai Free-trade Zone

Qianhai first, Hong Kong next? While Hong Kong officials have been concerned about the impact of Shanghai's free-trade zone, it seems it is already stealing business from Qianhai.

1 Oct 2013 - 10:58am

Shenzhen River is no barrier to growth

In the three decades since Shenzhen's opening up, there have been joint developments with Hong Kong on many levels. Capitalists in both cities joined hands to facilitate industrial expansion and pave the way for developments in logistics and the exhibition industry. Joint opportunities have arisen in the academic field, too, with five Hong Kong universities operating campuses in Shenzhen.

30 Sep 2013 - 2:43am

Excellence Group stuns big players with winning Qianhai bids

Excellence Group, only the mainland's 48th-largest developer in terms of sales in the first half of this year, stunned the market yesterday when it beat big property players to secure two commercial sites in the first land auction in Shenzhen's Qianhai special economic zone for a total of 12.36 billion yuan (HK$15.5 billion).

27 Jul 2013 - 4:45am 1 comment

Hong Kong must leverage global reach to take on Qianhai challenge, experts say

Hong Kong must leverage its international reach if it is to avoid being marginalised by the mainland's march towards full financial sector liberalisation and further integration into the global monetary system, according to a panel of experts assembled by the South China Morning Post.

24 Jul 2013 - 3:29pm 2 comments

Investors want more details on Qianhai

Brett McGonegal, the chief executive of Reorient Financial Markets, said it had been talking to three private equity funds - two mainland and one global - on potential partnerships.

19 Jul 2013 - 5:30am

Qianhai and Hong Kong: like Canary Wharf and the City of London?

First, Shanghai. And now, Qianhai! Which other cities are waiting to join the competition with Hong Kong? Last week, I went to Qianhai, the small but important development zone in Shenzhen, for an interview with Zhang Bei, Qianhai's top boss.

6 Sep 2013 - 10:37am 1 comment

Qianhai economic zone chief says it won't compete with Hong Kong

The 15-square-kilometre site of the Qianhai special economic zone looks more like a construction site than a booming financial centre. But the top official in charge of the development says it will not only play a key role in liberalising the yuan but also help Hong Kong keep its status as a world-leading financial centre - a status many fear is threatened by Shanghai's ambitious rise.

6 Sep 2013 - 8:07am

Hong Kong to see surge in yuan loans to Qianhai

Cross-border yuan loans to firms in the Qianhai special economic zone may exceed the volume of yuan loans in Hong Kong in two to three years, a senior banker at Citibank said.

Anson Kwok, the managing director and head of commercial bank at Citi, said firms in Qianhai might take out yuan loans in Hong Kong to pay off old loans on the mainland, where interest rates are higher.

23 Apr 2013 - 4:45am