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Hang Lung Properties builds world-class malls in Shandong Liaoning
(Dec 08, 2007) Hang Lung Properties Limited, a Hong Kong developer, invests RMB2.5 billion to set up a commercial retail complex, Jinan Hang Lung Plaza, in Shandong province in the eastern China. The project commences construction on December 6, 2007. The group plans to develop a world-class shopping centre with six storeys involving ...
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Greenland builds commercial property empire in Shanghai
(Dec 08, 2007) Greenland Group, a Chinese developer, announces four modern service investments in Fengxian district, Yangpu district, Baoshan district and Chuansha county in Pudong district in the eastern Chinese city of Shanghai on December 6, 2007. The group will build an international plaza to transform Fengxian into a high-end business and commercial ...
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Regal Hotel to build commercial property empire in Chengdu
(Dec 08, 2007) Regal Hotels International Holdings (Regal Hotels) announced its subsidiary would develop several commercial properties in Chengdu, Sichuan province. The joint venture, with registered capital of RMB400 million, was set up by Regal Hotels and Chengdu-based Zhengcheng Investment. Regal Hotels has invested RMB260 million for a 65% stake of the joint ...
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Agile Property pays RMB920 million for land in Guangzhou
(Dec 08, 2007) Hong Kong listed Agile Property Holdings pays RMB920 million to acquire 4 pieces of land in the Huadu region in Guangzhou, Guangdong province. The 4 pieces of land with a total area of 283,000 sqm are situated on the east side of the Beijing-Guangzhou rail track in the Huadu region. ...
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2008 GDP growth best at 9% to 10%
(Dec 08, 2007) With an overheated economy in China, experts suggest to keep GDP growth at below 11% or preferably at 9-10% in 2008. Chen Jiagui. Vice president of the Chinese Academy of Social Sciences, says GDP growth should be below 11% in 2008, while the best rate should be kept at around ...
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HSBC to set up 6 to 10 rural banks in China
(Dec 08, 2007) HSBC Rural Bank, the first rural bank operated by a foreign bank in China, will start operation next week in Cengdu county of Suizhou City in Hubei province. Richard Yorke, China Chief Executive of HSBC, thinks rural finance has potential for development. At present, 70% of Hong Kong's mushroom are ...
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Regal Hotels forms commercial property joint venture in Chengdu
(Dec 08, 2007) Regal Hotels International Holdings Ltd. is going into the commercial property development market in Chengdu, Sichuan province. Regal Hotels will form a joint venture in Chengdu City. The joint venture will have a registered capital of RMB400 million of which Regal Hotels will take a 65% interest. The joint venture ...
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Citifinancial to open six more outlets
(Dec 07, 2007) Citibank (Hong Kong) plans to open three new Citifinancial branches in the first quarter of 2008. It will set up three more branches in the rest of the year, aiming at a total of 25 branches in Hong Kong. Citifinancial, the personal financing arm of Citibank, will focus on branch ...
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Insurance profit dropped 12% in first 3 quarters
(Dec 07, 2007) The Hong Kong insurance recorded a 12.34% drop in total underwriting profit to HK$1.783 billion during the first 3 quarters of 2007. The Office of the Commissioner of Insurance (OCI) yesterday released a statistics report regarding the insurance industry. The report explained the decline in underwriting profit was due to ...
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Shenzhen Hong Kong to sign finance insurance agreement
(Dec 07, 2007) Shenzhen mayor Xu Zong-Heng will visit Hong Kong from December 17 to 20 and will sign an finance industry cooperation agreement with the Hong Kong government. Shenzhen also plans to confirm the target of jointly build a world-class metropolis. The agreement to be signed is based on the "1+8" agreement ...
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