C P POKPHAND announced plans to become the first Hongkong listed company to successfully list a mainland joint-venture on the New York stock exchange in a flotation valued at $675.49 million.
The yuan plunged 1.5 per cent on Monday against the US dollar on the Shanghai foreign exchange swap market during heavy trading.
The $735 million flotation of Shangri-La Asia, the Hongkong and China hotel arm of the Shangri-La group, has been oversubscribed.
The Government announced it would offer special loans to sandwich class families, including a three-year reprieve before any instalment payment.
The Government was poised to slash its controversial subsidy to the TDC following a barrage of criticism from the private sector.
The Hang Seng Index's high for the week was 7,339 on Wednesday.
