By Zhang Nan The Ministry of Finance announced Tuesday that the central government will issue yuan-denominated treasury bonds totaling 6 billion yuan ($878.4 million) in Hong Kong on September 28. It has taken years for the bonds to be available in the special administrative region, but the amoun...
China's Ministry of Finance plans to sell several billion RMB worth of RMB-denominated bonds in Hong Kong this year, said sources close to the ministry and the National Development and Reform Commission, the nation's top economic planning agency, today.One unnamed source said the size of the...
A trader prepares his stall of luxury items at the Hong Kong Watch and Clock Fair at the Hong Kong Convention and Exhibition Centre yesterday. More than 700 exhibitors from 17 countries and regions are participating in the annual event. Photo: Image China
Hong Kong's retail sales value declined 5.5% year on year to HK$22.8 billion in July, according to statistics released by the Census and Statistics Department yesterday.The decline rate is 0.8 percentage points more than that in June, but smaller than the 6% drop forecast by the economists surveyed by Dow Jones...
The Hong Kong Environmental Protection Department launched a nine-month trial yesterday for local ferries to use ultra low sulphur diesel to reduce sulphur dioxide and particulate emissions. A spokesman for the department said the trial involves five ferries and if the switch is later fully imple...
Media giant News Corp, the owner of the Fox television network and the Wall Street Journal, said yesterday that it will reorganize its Asian broadcast operations into three units and trim its operations in Hong Kong. The U.S.-based company will reorganize Star Group, whose content is distributed in 53 Asian nations, into...
China Minsheng Banking Corp Ltd<600016>, the first privately owned bank in the country, has received approval from the China Securities Regulatory Commission, the country's top securities regulator, to launch an initial public offering on the Hong Kong Stock Exchange, sources familiar with the matter said...
Hong Kong-based brokerage CLSA and China鈥檚 State-run Shanghai Guosheng (Group) Co are planning a private equity fund with an estimated size of 10 billion yuan ($1.4 billion), the two companies said yesterday. The companies plan to form a joint venture – Guosheng CLSA (Shanghai) Industrial...
A court yesterday rejected Hong Kong tycoon Richard Li鈥檚 appeal to overturn a court decision blocking his controversial $2.1 billion buyout bid for telecoms giant PCCW. PCCW chairman Li moved to appeal in May after a judge ruled against the plan in April, saying a shareholder vote on privatizat...
Passenger and cargo volumes at Hong Kong International Airport in July declined 9.5% and 8.3% year on year, respectively, the Airport Authority Hong Kong said on Sunday, the official Xinhua News Agency reported.The airport handled 4 million passengers and 291,000 tons of cargo in July.The decline in...