HONG KONG NEWSPAPER HIGHLIGHTS
SOUTH CHINA MORNING POST:
- Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the yuan, as the UK aims to boost trade ties with fast-growing Asian markets.
- China will continue to see net foreign exchange inflows this year, but the amount will drop sharply compared with previous years, a top foreign exchange official said on Monday.
- China's real estate investment fund market could see a surge of activity as developers launch their own vehicles in a desperate bid to bridge an US$111 billion financing gap.
- Chinese banks must conduct regular stress tests and improve analysis to detect risks that may not be reflected in the falling ratio of bad loans and better loss provisioning, the countrys top banking regulator wrote in an article published on Monday.
THE STANDARD:
- Cheung Kong (Holdings) (0001) is planning an 800-room hotel and a 400-unit luxury residential project on Oil Street in North Point.
- Power consumption in the mainland ticked up last month to its highest level since August, implying the economy may have found a firmer footing after a lackluster November.
- Local banks are clamoring to attract new yuan deposits to meet increasing demand for loans in the currency.
- Financial advisers are urging potential investors to factor in fees as they consider promised returns from funds under the renminbi qualified foreign institutional investor program.
- Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the yuan, as the UK aims to boost trade ties with fast-growing Asian markets.
- China will continue to see net foreign exchange inflows this year, but the amount will drop sharply compared with previous years, a top foreign exchange official said on Monday.
- China's real estate investment fund market could see a surge of activity as developers launch their own vehicles in a desperate bid to bridge an US$111 billion financing gap.
- Chinese banks must conduct regular stress tests and improve analysis to detect risks that may not be reflected in the falling ratio of bad loans and better loss provisioning, the countrys top banking regulator wrote in an article published on Monday.
THE STANDARD:
- Cheung Kong (Holdings) (0001) is planning an 800-room hotel and a 400-unit luxury residential project on Oil Street in North Point.
- Power consumption in the mainland ticked up last month to its highest level since August, implying the economy may have found a firmer footing after a lackluster November.
- Local banks are clamoring to attract new yuan deposits to meet increasing demand for loans in the currency.
- Financial advisers are urging potential investors to factor in fees as they consider promised returns from funds under the renminbi qualified foreign institutional investor program.
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