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Hisense offered the best bid of 12 euros (.2) per share subject to its acquisition of 50 percent plus one share of Gorenje in the takeover procedure, the Slovenian firm said in a statement on its official website.

Hong Kong faces the same responsibility as the rest of the nation in safeguarding national security despite having a separate legal system, Deng Zhonghua, a deputy director of the Hong Kong and Macao Affairs Office of the State Council, said on Monday.

Hong Kong Observatory kept its highest No 10 Hurricane Signal in effect for 10 hours from morning to evening on Sunday.

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Hong Kong's GDP contracted 2.9 percent year-on-year in the third quarter, sharply down from a 0.4-percent growth in the second quarter. The city's government has downgraded its forecast for this year's GDP growth to negative 1.3 percent, the first annual growth contraction since 2009.

His companies employ some 310,000 people in more than 50 nations. According to Forbes, his Li Ka Shing Foundation has donated more than .6 billion; over 80 percent has gone to Greater China.

Hong Kong's trade status is guaranteed by multiple international agreements, instead of being a "gift" from another jurisdiction, the spokesman said.

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Ho said the city's rich cultural heritage would rebrand it with a more sophisticated image, and Macao's cultural industry has great potential because it embodies China's call for a united world.

Hong Kong's integration into the mainland's economic development, especially as part of the Guangdong-Hong Kong-Macao Greater Bay Area development initiative, will boost its financial service businesses, such as those involving bond and stock financing. "Investors from the mainland will continue to stabilize the HK financial market," Fu said.

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Hong Kong respiratory specialist Leung Chi-chiu said the time is right to launch the exemption arrangement, as the COVID-19 infection risk in most mainland areas is less than in the HKSAR.

His unceasing ambition drove him to venture into something bigger — heavy machinery. Hong Kong was on track for development, but construction hardware was scarce, he noted. At the time, he was able to procure leftover US military machinery from Okinawa, through a friend who had studied at Japan's Waseda University.