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State Council stresses stringent monetary policy importance
(Jul 16, 2008) Financial Research Institute director, Xia Bin of the Development Research Centre of the State Council said, the Government should never relax its stringent monetary policy amid rising global prices and an unbalanced international current account. The market, as well as corporations should not have unrealistic expectations about monetary policies, either. ...
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Yuan appreciation gives the biggest hit to processing trade
(Jul 16, 2008) A large number of Hong Kong-based processing trade companies located in the city of Dongguan, Guangdong Province, may have to close down if the value of yuan continues to rise. Hong Kong companies in Dongguan are facing immense pressure from new processing trade policies, the new Labour Law and increased ...
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Hainan Xiangshui Bay in RMB10bn hotel construction boom
(Jul 16, 2008) Xiangshui Bay Resort Area, located in Lingshui County, Hainan Province, is experiencing a hotel construction boom at the moment. The Resort Area also wants to become another high-end resort bay in addition to Sanya Yalong Bay. Thirteen 5-star hotels are under construction, of which three of them will be renovated ...
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Kaiping, Guangdong needs more hotels to boost tourism
(Jul 16, 2008) The city of Kaiping in Guangdong Province held a tourism promotion fair in Hong Kong on 15 July. It launched nine tourism projects totalling over RMB500 million. Kaiping tourism bureau secretary Kuang Ji Kang explained that the projects include hospitality, themed hotels, old-town tourism development, and parks and resort areas. ...
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Zhuhai to be nursing home haven for Macau retired
(Jul 16, 2008) A Guangdong provincial situation study and research centre report suggested developing a senior citizen economy in the cities of Zhuhai and Zhongshan by building nursing homes and related facilities catering to the retired population from nearby Macau. The reports said with an imminent 24-hour operating customs and a future Hong ...
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Guangzhou Builds a Second West Side CBD
(Jul 16, 2008) The city of Guangzhou is building a second central business district (CBD) in its western district, on both sides of the Pearl River at the Baie Tan area. The second CBD will have an area of 35 square kilometres and will become the centre of the Guangzhou-Foshan metropolitan. It will ...
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Shenzhen seeks Government support for ETF and CDR trial run
(Jul 16, 2008) Shenzhen is seeking approval from the Central Chinese Government to trial run ETF (exchange traded funds), Hong Kong CDR (China Depository Receipts) and A-share issuance by red-chip companies. In an interview with the Economic Times, Shenzhen City Mayor Xu Zong-heng said Shenzhen and Hong Kong could expand cooperation in many ...
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Guangdong corporate icons leave for Beijing
(Jul 16, 2008) The two Guangdong corporate icons of Hong Kong-listed Hopson Development Holdings, one of the five largest property developers in China, of Guangzhou and Cantonese herb tea Wong Lo Kat maker JDB Group of Dongguan are relocating their head offices to Beijing. The move shocked the Guangdong corporate community but still, ...
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Shenzhen makes closer ties with HK in high-end service trades
(Jul 16, 2008) Shenzhen City Mayor Xu Zong-heng said the Central Chinese Government would launch CEPA 5, benefiting the high-end services trade between Hong Kong and Shenzhen. Shenzhen is now a city under transformation and seeking industry upgrade. Given its proximity to Hong Kong, the city government particularly favours developing high-end tourism, information ...
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Hongkong and Shanghai Hotels and Qatar Diar in hotel project
(Jul 16, 2008) The Hongkong and Shanghai Hotels, Ltd. (HSH) has entered into a framework agreement with Qatar Investment Board to jointly develop a hotel at Avenue Kleber in Paris. HSH and Qatar Diar, a subsidiary of Qatar Investment Board, will jointly redevelop the site into a Peninsular Hotel. HSH will invest about ...
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