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Hong Kong is poised to be the leading offshore yuan financial center even if yuan currency becomes fully convertible which may threaten the city's financial position. Meanwhile, HK's dim sum bond market infrastructure building is making more progress as mainland credit rating agencies may start yuan bond ratings in city. The Hang Seng Index, starting on Nov 24, 1969, is a capitalization-weighted stock market index in the Hong Kong Stock Exchange, served as the main indicator of the overall market performance in Hong Kong.
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  • By Fan Feifei(China Daily)2017-05-23 08:19

    Jia Yueting, founder of LeEco, poses for a photo in front of a logo of his company at LeEco headquarters in Beijing, April 22, 2016. [Photo/Agencies]Chinese internet major LeEco said it is reshuffling the executive team of its listed arm, Leshi Internet Information & Technology Corp - as the tech ...

  • By Meng Fanbin In Beijing And Shi Baoyin In Zhengzhou(China Daily)2017-05-23 08:19

    A booth of Zhengzhou Coal Mining Machinery Group at an exhibition in Beijing. CHINA DAILYGroup has made acquisitions that catapulted it into auto parts sector Zhengzhou Coal Mining Machinery Group Co Ltd, the China-based company mainly engaged in the manufacture and distribution of coal mining integ...

  • By Ho Lok-sang(China Daily)2017-05-23 07:35

    Ho Lok-sang says we would do well to remember first CE's astute observation on cross-boundary relations The first Chief Executive of the Hong Kong Special Administrative Region Government Tung Chee-hwa impressed me with two by-now well-known adages. When he was still CE, he often said "If Hong Kong ...

  • By Yang Wanli(China Daily)2017-05-22 08:00

    The trade in illegally sourced material will be banned by the end of the year, resulting in job losses and the death of ancient expertise, as Yang Wanli reports. In recent weeks, Weng Zhanxuan has faced a dilemma as he struggled to make a decision between his future and his family's traditional trad...

  • (China Daily)2017-05-22 08:00

    Visit for breaking news and exclusive content Health: Breast milk banks struggling to survive Since the country's first breast milk bank was established in Guangzhou, Guangdong province, in 2013, 17 such centers have been set up across the country. The site in Xi'an, Shaanxi province, has received 2...

  • By Zhao Xinying(China Daily)2017-05-22 08:00

    Gardasil is the second such drug to gain access to patients across China Pharmaceutical company Merck recently won approval from the China Food and Drug Administration to sell its human papillomavirus vaccine, Gardasil, to help women fight cervical cancer. Developed by the US-based company in 2006, ...

  • By Wu Yiyao In Shanghai(China Daily)2017-05-22 07:58

    A representative of a real estate developer in Suzhou promotes an upcoming project to prospective buyers at a shopping mall, where a model of the property was kept on display at an industry event. WANG JIANKANG / FOR CHINA DAILYReal estate investment trusts or REITs are becoming popular in China.Ana...

  • By Cecily Liu In London(China Daily)2017-05-22 07:50

    Visitors at the Elizabeth Tower, better known as the Big Ben in London. [Photo/VCG]Chinese investment is pouring into London's commercial property at an unprecedented rate, according to realtor CBRE, which said there was 2.72 billion pounds ($3.52 billion) of investment in the first quarter of 2017,...

  • (China Daily)2017-05-22 07:43

    The Belt and Road Forum for International Cooperation held from May 14 to 15 in Beijing gathered more than 1,500 representatives from 130 countries, including 29 heads of state or government. The six parallel panel discussions focusing on policy coordination and connection of development strategies,...

  • (China Daily)2017-05-20 08:03

    ShowsSnow White - 3-D Multimedia Fantasy Musical for the Family Date: May 20 - 3:30 pm Venue: Shenzhen Shekou Fenghua Theater Price: 100-960 yuan Snow White was the most beautiful princess in the world, with hair black as ebony and skin white as snow. She was the purest, and kindest girl, however, h...

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