HK rating held back by mainland, says agency Standard & Poor's praised Hong Kong's economic and financial status in a report yesterday, placing it in the same league as Ireland, Singapore, Switzerland, the UK and the US. But it said Hong Kong's rating was constrained by its status as a region of the lower-rated mainland. S&P said Hong Kong should have been rated AAA with its sound economic and financial systems and its diverse economy, bright growth prospects and well-regulated financial sector. But it stayed at AA because it was constrained by its political status - being part of the mainland, which has only an A credit rating. ICAC chief visits Guangzhou, Shenzhen The ICAC commissioner started a two-day official visit to Guangzhou and Shenzhen to exchange anti-corruption strategies. Fanny Law Fan Chiu-fun said Hong Kong and Guangdong had developed close economic and social ties because of their proximity. She hoped the visit would further enhance mutual understanding on operational and educational fronts in anti-graft work. Accompanied by senior ICAC officers, Mrs Law met Guangdong's procuratorate chief, Zhang Xuejun, yesterday. She is scheduled to visit the Shenzhen Municipal People's Procuratorate and Shenzhen Municipal Supervision Bureau today. Radio spectrum policy consultation extended The consultation on the framework for the proposed radio spectrum policy had been extended to January 31, the Commerce, Industry and Technology Bureau said. The consultation paper can be downloaded from www.citb.gov.hk/ctb/eng/paper/index.htm . The deadline for comments is January 31.