Issue: March 22, 2006   (Archive)
Monday, November 24, 2014   

Wanda set to build 150 hotels
Mainland property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, Xinhua News Agency said yesterday.

Eight small banks make the first step
Eight small Chinese banks have raised their one-year deposit rates to the 3.3 percent maximum allowed after China's central bank cut its interest rates and allowed greater deposit flexibility last week.

HSI set for rate-cut jump
China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions, while Friday's rate cut is expected to push the Hang Seng Index to open at least 400 points higher today and possibly rise to 24,300 this week.

Interest move fillip for Connect and shares
Shanghai-Hong Kong Stock Connect's purpose is to stimulate A shares, to increase foreign capital and reduce reliance on banks.

Hold on to stocks despite advance
US stock markets ended last week in record territory again, as China suddenly cut interest rates for the first time in more than two years, signaling a falling cycle.

Land sales hit record
China's four first-tier cities sold a record 303.79 billion yuan worth (HK$388.77 billion) of residential sites from January 1 to November 18 with the average price per square meter surging 57 percent from a year back to 11,892 yuan, data from Centaline Property shows.

Easing flats duty 'bad move'
Easing the double stamp duty rebate requirement was "a bad move out of goodwill," the housing chief said.

Yuan rush falls away
Wing Lung Bank said the initial euphoria over the lifting of the 20,000 yuan (HK$25,000) daily conversion limit was short-lived.

Test set for China bonds
A three billion yuan (HK$3.8 billion) tranche of two-year China government bonds, offering a 2.93 percent annual yield, opens for retail subscription today.

Train out of steam again
The Shanghai-Hong Kong Stock Connect disappointed the market for the fourth consecutive day, while Hong Kong Exchanges and Clearing (0388) chief executive Charles Li Xiaojia warned worse is yet to come.

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