Total social financing, a broad measure of credit and liquidity in the economy, fell to 1.42 trillion yuan from 3.48 trillion yuan in September. Total outstanding yuan loans rose by 13.3 percent to 168.9 trillion yuan last month, the data showed.
Total prize money in the competition stands at about 11 million yuan (.7 million), and an individual can get up to 1.4 million yuan in prize money.
Together with the stimulus effect of other measures in the budget, Chan said he forecasts economic growth of 2 percent to 3 percent in real terms for Hong Kong in 2019.
Trains restart
Tourists don masks at Tian'anmen Square on a dusty day in Beijing on Wednesday. WANG JING/CHINA DAILY
Tourists visit the broken bridge on West Lake in Hangzhou, East China's Zhejiang province, on July 28, 2018. [Photo/VCG]
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Travelers wear protective mask as they walk through in terminal 5 at O'Hare International Airport in Chicago, on Sunday. [NAM Y. HUH/ASSOCIATED PRESS]
Travel agencies including Ctrip, Lvmama, Tuniu and LY.com have published reports saying that domestic travel will surge.
Toys 'R' Us (Asia) Ltd is a joint venture 85 percent owned by Toys 'R' Us Inc and 15 percent by Fung Retailing Ltd. Andre Javes, president of Toys 'R' Us Asia Ltd, said the company is open for business and continues to serve its customers.
Total social financing, which includes off-balance sheet forms of financing such as initial public offerings and loans from trust companies, fell to 1.01 trillion yuan in July, from 2.26 trillion yuan in June, the central bank reported.