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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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  • (Xinhua)2017-10-13 17:53

    BEIJING - Foreign direct investment (FDI) into the Chinese mainland rose 17.3 percent year-on-year to reach 70.63 billion yuan ($10.7 billion) last month, data showed Friday. The growth accelerated from the 9.1-percent rise seen in August, according to data from the Ministry of Commerce. In the firs...

  • 2017-10-13 08:07

    BMW AG is working on a deal to outsource the manufacturing of Mini cars in China to Great Wall Motor Co, the country's biggest SUV maker, according to people with knowledge of the plan.The two companies are discussing the possible export of Mini brand cars from China to other markets, said the offic...

  • By Wu Yiyao And He Wei In Shanghai(China Daily)2017-10-13 08:01

    Chinese internet giant Tencent Holdings has expanded its range of insurance offerings after an insurance agency backed by it got the necessary approval. The internet giant of over 900 million users already has a presence in the life and property insurance sectors and an insurance agency. According t...

  • (China Daily)2017-10-13 08:01

    BEIJING - BMW AG is working on a deal to outsource the manufacturing of Mini cars in China to Great Wall Motor Co, the country's biggest SUV maker, according to people with knowledge of the plan. The two companies are discussing the possible export of Mini brand cars from China to other markets, sai...

  • By Qiu Quanlin In Guangzhou(China Daily)2017-10-13 07:55

    Wu Jia'en used his cellphone to log into the Nansha Port's online registration system, finishing almost all the procedures for shipping goods in just half an hour. "In the past, I had to wait about two hours to finish my business at the registration hall because of the large amount of cargo at the p...

  • (China Daily)2017-10-13 07:49

    Chan Tak-leung notes the CE's focus on city's role within China as well as its innovation and technology development During her recent visit to London as chief executive, Carrie Lam Cheng Yuet-ngor signed a FinTech Bridge Agreement with Britain aiming to promote government-to-government, regulator-t...

  • (China Daily)2017-10-13 06:27

    ICBC (Asia) chief Gao Ming is on a new mission in HK. She tells Evelyn Yu that capturing a broader Asia Pacific market and helping its clients 'go out' shouldn't be a Sisyphean task. With just eight months at the helm of the overseas flagship unit of one of the Chinese mainland's "Big Four" lenders ...

  • By Evelyn Yu In Hong Kong(China Daily)2017-10-13 06:27

    Banker Gao Ming is widely credited with having put ICBC (Asia) on the European map, having played an instrumental role in steering the lender back on a sound track in the aftermath of one of the most stunning financial crises to engulf the European continent. Before taking the helm as chairwoman of ...

  • By Zhou Mo In Shenzhen(China Daily)2017-10-13 06:27

    On Sept 13, a State-owned enterprise specializing in dealing with home rentals came into being in Shenzhen. The company, with a registered capital of 1 billion yuan ($152.6 million), is expected to play an active role in providing professional and standardized services to millions of tenants in the ...

  • By Chai Hua In Shenzhen(China Daily)2017-10-13 06:27

    Shenzhen offers 7 million rental homes for its 20 million residents, yet, most of them were built illegally Shenzhen on Wednesday listed the first land parcel on which property developers can only rent out homes and not sell them, as part of the city's latest move to encourage the rental market. Unl...

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