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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 Chen Jia(China Daily)2017-10-12 07:08

    Ministry of Finance says $2 billion offering due in Hong Kong soon The Chinese mainland will soon issue $2 billion in US dollar-denominated sovereign bonds in Hong Kong, the Ministry of Finance announced on Wednesday, a move to encourage foreign exchange to flow into the onshore market amid a furthe...

  • (Xinhua)2017-10-11 17:03

    This file photo taken on Jan 30, 2011 shows US currency viewed in Manassas, Virgina. [Photo/VCG] BEIJING - Chinese Ministry of Finance (MOF) said Wednesday it plans to issue US dollar-denominated sovereign bonds worth $2 billion in Hong Kong, the first such sale in 13 years. The ministry is preparin...

  • By Fan Feifei(China Daily)2017-10-11 08:12

    TCL Corp plans to sell a 49 percent stake in its subsidiary TCL Communication Technology for HK$490 million ($62.8 million) as the Chinese electronics maker aims to restructure its stagnant smartphone business.The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, ...

  • By Yuan Shenggao(China Daily)2017-10-11 07:49

    The authorities of the Xiangxi Tujia and Miao autonomous prefecture in Hunan province plan to build local tourism into a 100 billion yuan sector. The short-term goal is to attract more than 60 million annual visits to the prefecture by 2020, generating 50 billion yuan ($7.5 billion) in tourism reven...

  • By Song Mengxing(China Daily)2017-10-11 07:49

    The Hunan government has made cleaning up the Xiangjiang River a priority. A focus of this environmental campaign is the Qingshuitang industrial zone in Zhuzhou, an industrial hub on the lower reaches of the river in the province, which is home to 261 enterprises, most of them in heavy industries. I...

  • By Ouyang Shijia(China Daily)2017-10-10 08:46

    China Literature Ltd, the online literature-focused arm of the mainland's tech conglomerate Tencent Holdings Ltd, reportedly plans to seek a listing approval in a hearing with the Hong Kong stock exchange this week, making a move closer to its scheduled IPO that is expected to raise $600 million to ...

  • By Jing Shuiyu(China Daily)2017-10-10 07:48

    China National Building Materials Group Corp, one of the largest State-owned building materials manufacturers, is in talks to integrate some of its 15 subsidiaries listed both at home and abroad, local media reported.The move by the giant State enterprise is to help boost the profitability of its co...

  • By Cai Xiao(China Daily)2017-10-10 07:15

    Shanghai Index hits 3,410 in morning; Shenzhen bourse climbs by 1.6 percent Chinese mainland A-share stocks hit 21-month highs on Monday morning after a weeklong National Day holiday, benefiting from the central bank's targeted reserve requirement ratio cut and a strong global equity market performa...

  • By Oswald Chan In Hong Kong(China Daily)2017-10-10 07:15

    Although the Hong Kong stock market retreated 0.46 percent on Monday, it still stood firmly above 28,000 points after the city's benchmark stock index gauge last week soared to the highest level of the past three years, citing the city's strong economic fundamentals and other positive factors. On Mo...

  • By Lin Wenjie In Hong Kong(China Daily)2017-10-10 06:11

    Experts on Monday offered a host of suggestions for both the central and local governments to overcome the hurdles in achieving greater and more effective integration to facilitate greater growth among cities in the Guangdong-Hong Kong-Macao Greater Bay Area, which aims to build a world-class city c...

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