businessandfinance [5]

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Q1 surplus hits $4.8b

Tue, 31 Jul 2007 17:57:11 +0800 | HKSAR Government

Government spending in the first three months of the financial year amounted to $54.1 billion with revenue of $58.9 billion, resulting in a surplus of $4.8 billion.

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Wong Tai Sin lot fetches $3.98b

Tue, 31 Jul 2007 19:54:35 +0800 | HKSAR Government

A government lot in Wong Tai Sin has sold for $3.98 billion at the fourth land auction this financial year. The Lands Department said the price was 32.7% higher than the opening bid of $3 billion.

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Renminbi deposits up 5.6%

Tue, 31 Jul 2007 19:54:31 +0800 | HKSAR Government

Total deposits with authorised institutions rose 5.6% in June, the Monetary Authority says. With the issuance of renminbi-denominated bonds in Hong Kong, renminbi deposits grew 5.6%, to 27.6 billion yuan.

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Terminal 2 to house more airlines

Tue, 31 Jul 2007 20:40:34 +0800 | HKSAR Government

Five more airlines will start operations at Hong Kong International Airport's Terminal 2 in the next three months, bringing the total to seven.

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Flat sales up 67% on last year

Thu, 02 Aug 2007 17:08:50 +0800 | HKSAR Government

The Land Registry received 11,121 sale and purchase agreements for all types of building units in July, up 67% on the same month last year, but down 7.2% on June.

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Renminbi bond market growth 'significant'

Thu, 02 Aug 2007 17:08:48 +0800 | HKSAR Government

The development of a renminbi bond market in Hong Kong is significant for the city, for the Mainland and for the region, Financial Secretary John Tsang says.

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New company registration up 19%

Fri, 03 Aug 2007 18:09:17 +0800 | HKSAR Government

There were 47,417 new local companies registered under the Companies Ordinance in the first six months of 2007, up 19.12% on the same period last year.

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