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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 Oswald Chan And Evelyn Yu(China Daily)2017-03-23 07:50

    Tencent's penguin mascot toys are seen at the company's office in Xigema building in Beijing, Dec 23, 2016. [Photo/VCG]Chinese internet services provider Tencent Holdings Ltd posted a hefty increase in net profits for 2016, citing its strategy to connect its online services as the main success drive...

  • By Yuan Hui In Hohhot And Zhang Yu In Shijiazhuang(China Daily)2017-03-23 07:39

    China Mengniu Dairy Co Ltd, one of China's leading dairy producers, has upped its corporate social responsibility game by providing free training to ranchers who supply raw milk to the company. The training program - Ranchers University - started in 2014 and has provided free training in scientific ...

  • (China Daily)2017-03-22 07:34

    Govts & policies Nation committed to trade system China is committed to safeguarding a multilateral trade system, since the system gave enormous benefits to the least developed countries, Chinese Vice-Minister of Commerce Wang Shouwen said on Monday. Speaking at the opening ceremony of the fifth Chi...

  • By Zheng Caixiong In Guangzhou(China Daily)2017-03-22 07:23

    Police in Guangdong province have cracked three major cases involving cross-border transactions through secret, private banks since launching an operation codenamed Jufeng 2, which means Hurricane 2, last month. The cases involved a total of 33 billion yuan ($4.8 billion) and resulted in the detenti...

  • (chinadaily.com.cn)2017-03-22 06:56

    The annual conference of Boao Forum for Asia will be held in Boao, Hainan province, from Thursday to Sunday."Globalization and Free Trade, the Asian Perspective" is the theme of the conference. More than 80 ministers, leaders of international organizations and business executives will attend.The for...

  • By Lin Wenjie(China Daily)2017-03-21 07:39

    Shenhua workers install equipment at a coal-to-liquids project in the Ningxia Hui autonomous region. [Photo/China Daily]Largest mainland producer rides a rebound in prices, upbeat demand Share prices of China Shenhua Energy Co Ltd-the country's biggest coal producer-surged 16.28 percent to close...

  • By Li Xiang(China Daily)2017-03-21 07:33

    A man leaves the Standard Chartered bank building in the Central district of Hong Kong. [Photo/Agencies]Chairman says group betting on further opening up of Chinese financial system Standard Chartered Plc said on Monday it will increase investments in China this year with a focus on digital banking,...

  • By Mike Peters(China Daily)2017-03-21 06:55

    Frankie Zou will represent China in Ron Diplomatico's third annual global competition for rum-based cocktails, winning the national final last week judged on taste, technique, presentation - and meeting a seven-minute time limit. Time was a challenge for all eight finalists, who had to introduce the...

  • By Mike Peters(China Daily)2017-03-21 06:55

    French chefs around the world are celebrating the joie de vivre and the joy of spring on Tuesday, but they have no monopoly on the season. We've checked around China for some good eats, from nibbles to big plates to what may be the reddest cocktail we've ever seen. 1 Parmesan Waffle, The Temple Cafe...

  • By Eddy Li(China Daily)2017-03-20 08:32

    Financial Secretary Paul Chan Mo-po used quite a few passages - more than 700 words - to emphasize the importance of tourism for Hong Kong in his inaugural budget speech on Feb 22. Since he had taken on this role just one month before delivering the budget, measures proposed to support the tourism i...

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