Central bank eyes new agency for forex investment

Central bank eyes new agency for forex investment

The People's Bank of China (PBOC) is working on a plan to establish a new government agency to invest its US$3.5 trillion of foreign exchange reserves abroad more efficiently.

Wednesday, 7 August, 2013, 8:19am

New rules take many decisions out of SAFE hands

New rules take many decisions out of SAFE hands

What are the important messages that Circular 59 brought to us?

13 Feb 2013 - 6:54am

No firm outlook for Safe forex funding scheme

Some mainland banks have earned intermediary fees for managing loan risks for Safe in relation to overseas acquisitions. Photo: AFP

With no details to go on, economists say it's tough to predict the impact of a special office set up by the country's foreign exchange regulator to help fund overseas expansion of Chinese firms.

16 Jan 2013 - 3:41am

Labourer held over series of restaurant burglaries

A labourer arrested during a break-in at one of the city's top restaurants on Monday was responsible for 10 other burglaries in the area, police say.

Officers seized three stolen safes and HK$49,000 during a raid on the man's Yuen Long home yesterday.

29 Feb 2012 - 12:00am

Safe sex for pets? A night for the party animals to run wild

The animal welfare alliance STOP! certainly had a lot to celebrate at its third annual Safe Sex For Pets bash at the Fringe Club.

29 Jun 2011 - 12:00am

Room and hoard

With banks and financial institutions collapsing and markets in a mess, it's not surprising that many people are returning to a traditional investment vehicle: that trusty old mattress.

Stashing cash and other valuables at home has never been viewed as a sound idea. But a growing number of savers think it's their best option given the uncertain financial climate.

20 Feb 2009 - 12:00am

64 new rules for city's pig farmers outlined

Sixty-four new rules for the dwindling ranks of city pig farmers will come into force from June.

Farmers who break them could lose their licences. One pig farmer said the rules would put farmers out of business.

The rules, outlined yesterday, cover hygiene, farm management, disease monitoring, waste handling and the conditions in which pigs are transported.

13 Feb 2007 - 12:00am

Bank left open after door fails

An electrical malfunction at a branch of Wing Lung Bank meant that the entrance was left open for nearly 15 minutes on Wednesday night with $1 million cash inside.

The roller shutter of the bank in San Po Kong was believed to have opened automatically at 9.56pm, according to police.

29 Jul 2005 - 12:00am

$150,000 safe haul

Burglars broke into a house in Stanley Village Road, ransacked the premises and stole a safe containing cash and valuables amounting to $150,000. The occupant told police he left his house at 2pm and returned at 8.30pm when he found it was burgled.

2 Oct 2001 - 12:00am

Suspect electrical fans taken off store shelves

Electrical fans of the brand believed to have caused the fire were removed from shelves yesterday.

Chain store Watson's withdrew Pierre Cardin fans with the model number AT-28T pending test results from the Electrical and Mechanical Services Department.

The fan involved in the fire was an HST-1, which is no longer sold in Hong Kong.

9 Jun 1998 - 12:00am

Safe stolen

A safe holding $200,000 in cash and valuables was stolen from the home of a prominent horse owner in Sai Kung. The 45-year-old man, surnamed Law, received a call from his maid who said somebody sneaked into the house through the roof.

21 Feb 1998 - 12:00am

Break-in nets burglars $15m

Valuables worth about $15 million were stolen from a flat in Bowen Road yesterday.

Police said the thieves tampered with the alarm system to the fourth-floor home of German businessman Nils Thomsen at about 12.30 am before breaking in through a patio window.

Two safes containing gold watches and jewellery were prised open and several large antiques were taken.

3 Nov 1997 - 12:00am

Keep your valuables as safe as a fortress

Complete with turrets and a brick exterior covering a metal skin, all Christie's omitted to build was the moat.

YOU justified your buying spree at last week's Art Asia fair to your spouse by claiming that they would be 'good investments'. But now that you have objets d'art piling up in the dusty corners of your Peak home, your spouse is again not pleased.

26 Nov 1995 - 12:00am

Burglars fail

BURGLARS threw a safe into the street from a Kowloon City flat when they were disturbed by the owner returning home. The two or three men climbed down the drainpipe from the Pentland Street flat and fled, leaving behind the safe, which contained more than $200,000 in cash and valuables.

1 Mar 1995 - 12:00am

Safes robbed

ABOUT $378,000 in cash was stolen from two safes at a Tsuen Wan seafood restaurant early yesterday. A 19-year-old staff member alerted police just after 8 am when she found the safes in the Hang Fook Lau Seafood Restaurant at Allway Garden open.

28 Dec 1994 - 12:00am