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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 Ren Xiaojin(China Daily)2017-11-29 07:13

    Tattoo studios are springing up across major cities to cater to a new breed of middle-class clients. Ren Xiaojin reports. Chinese are changing how they think about ink. Tattoos were ubiquitous in Born to Be King, the sixth hit mob movie in Hong Kong's popular Young and Dangerous franchise. They serv...

  • By Cao Yingying(China Daily)2017-11-29 07:12

    Improved infrastructure and more international sea routes for the Gaolan Port Economic Zone are putting Zhuhai in a more favorable position to get involved in the Belt and Road Initiative. Gaolan Port Economic Zone, located in the southwest of Zhuhai, has launched a raft of new projects, as it build...

  • By Cao Yingying(China Daily)2017-11-29 07:12

    Coastal city in Guangdong province has become a pivot along trade routes, aims to unlock further potential Zhuhai in South China's Guangdong province is striving to integrate into the Belt and Road Initiative, establishing itself as a major pivot and an international transportation hub by 2021. The ...

  • By Yuan Shenggao(China Daily)2017-11-29 06:02

    A traditional festival that showcases the culture of Goulanyao village in Hunan province has boosted the local economy by drawing tourists to the area. Known in English as a mud wash spree, the festival is a farming celebration created by the Yao ethnic group through their long history of agricultur...

  • By Li You(China Daily)2017-11-29 06:02

    Major attractions, such as Changsha, Shaoshan and Zhangjiajie, backed up by modern facilities and infrastructure The tourism industry in Hunan province grew considerably in the first 10 months of 2017, as demonstrated by the rush during the eight-day National Day and Mid-Autumn Festival break in the...

  • (China Daily)2017-11-29 05:59

    Some international or foreign institutions have released annual research reports in recent years comparing cities in various economies, including Hong Kong. For example, the Heritage Foundation of the United States publishes a free economy chart every year; while the World Economic Forum and Interna...

  • (Xinhua)2017-11-28 11:31

    BEIJING - The People's Bank of China (PBOC), the country's central bank, said Monday it has extended a currency swap agreement with the Hong Kong Monetary Authority. The size of the swap line is 400 billion yuan ($60.6 billion) or HK$470 billion, according to a PBOC statement. The two parties believ...

  • (Xinhua)2017-11-28 11:27

    BEIJING - China's overseas portfolio investment had continued its rising streak by June with the United States as the biggest destination, official data said Monday. China made about $420.6 billion of portfolio investments, including investments in equities and bonds, in overseas markets by the end ...

  • By Cecily Liu In London(China Daily)2017-11-28 07:57

    The City of London's new lord mayor will push for the United Kingdom's main financial district to do more business with China.Charles Bowman, who became the 690th lord mayor of the City of London on Nov 10, said he would like to leave two "China legacies" during his year in office."I'm really keen t...

  • By Luo Weiteng In Hong Kong(China Daily)2017-11-28 07:50

    A child plays a video game with a virtual reality head-mounted headset Explorer developed by Lenovo at a game exhibition held in Paris, France.CHESNOT/GETTY IMAGESLenovo parent to spearhead program to boost the availability of H-sharesLegend Holdings Corporation, the parent company of personal compu...

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