Hong Kong developers are cutting their property prices, spooked by the prospect of rising interest rates. [Photo provided to China Daily]
His company's premises, located at an industrial park in Shenzhen's Longhua district, carries a monthly rent of 65 yuan per square meter. The Longhua government provides a subsidy of 40 yuan per square meter to all eligible companies, making Cheng's monthly rent at only 4,500 yuan. "This has greatly reduced the burden of my starting a business," says Cheng.
Hong Kong, he argues, still has a long way to go to live up to its name as a world financial center, citing, among other things, the local bourse scene, which is still being dominated by mainland enterprises. He also scoffed at the idea that the slew of measures the Hong Kong Stock Exchange is undertaking to lure more new economy and tech listings is the panacea for remedying the situation.
His friends tried to resuscitate him on the scene before Xing was sent to The Fifth Hospital of Chengdu by paramedics.
Hong Kong residents voiced strong opposition against violence and called for a fair and peaceful District Council election.
His comments came after China announced a set of new measures to further liberalize financial services. The new policy gives foreign companies greater market access in areas like asset management, pension fund management and currency brokerage. It also involves deregulation in bond underwriting and credit rating business.
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Ho expressed that she is not pointing fingers and it is true that there are differences in society that deserve attention.
Ho is confident that auction houses in Beijing, Shanghai and Macao can hold their own on the world stage.
Hong Kong's educators on Thursday expressed concern over the secondary school students' participation in political assemblies, calling it a "worrying sign".Hundreds of students, along with some teachers and parents, staged a rally at the Edinburgh Place, a public square in Central, adjacent to the Victoria Harbour, against the now-shelved extradition bill.Some students said they would hold strikes every Monday starting Sept 2, the first day of the 2019-20 academic year.Ho Hon-kuen, principal of Elegantia College, a local secondary school, called the assembly a "one-sided event" with no discussion on different views.One of their demands was the release of all the lawbreakers arrested during protests, which is "very dangerous" and goes against the city's core value-the rule of law, Ho said.Ho, who is also the chairman of a leading education group, Education Convergence, said that members of the secondary education system, including students, teachers and schools, should not be pulled into any political disputes.Echoing Ho, Wong Kwan-yu, president of the Hong Kong Federation of Education Workers, said the secondary school students should not be involved in political activities, as they are not mature enough in handling and comprehending complex political issues.Wong said their participation in the assembly on Thursday is a warning sign for the education sector and their parents.These students could easily be incited, Wong said. Peaceful assemblies and strikes are usually the first step for anti-government protesters in inciting these immature students, he warned.On Tuesday, Secretary for Education Kevin Yeung Yun-hung said the Education Bureau was against any form of strike. No one should use the school as a place to voice political demands or to use students to pressure the government, Yueng said.Late on Wednesday, protests inside and outside the Yuen Long MTR station paralyzed traffic. At the same time, a relatively peaceful rally was staged inside the station.Two men were arrested for unlawful assembly outside the station, the police said on Thursday. They were among about a thousand protesters who had gathered inside and outside the station on Wednesday.They were protesting against the attack that took place at the station on July 21. They accused the police of failing to stop the attack.At least 45 people were injured when a mob in white shirts stormed the station on July 21. A total of 28 people were arrested.
Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor on Wednesday said the central government will widely collect suggestions from Hong Kong society on the proposed national security law for the city.