The HKMA cut the CCyB ratio to 2 percent from 2.5 percent in October citing that economic indicators have signaled significant deterioration of the economic environment in Hong Kong since June.
The Hong Kong government is mulling additional relief measures to ease the pressure on businesses and help the swelling ranks of unemployed workers as the economy is hit hard by the global coronavirus pandemic, Financial Secretary Paul Chan Mo-po said on Sunday.
The Fujian-Ningxia partnership has been operating for 20 years. In that time, 66,000 people have been relocated to Minningtown. Across Ningxia, 1.16 million people have benefited from the "Relocation and Transplantation" program.
The Guangzhou Court of the Internet has received a total of 2,903 applications for trials, involving more than 120 million yuan (.65 million), in its first 100 days of operation.
The HKGC's Old Course. [Photo provided to China Daily]
The HKSAR chief executive, together with the president of the Legislative Council, Executive Council members and principal officials of the HKSAR government, will observe three minutes of silence at the Chief Executive's Office at 10 am local time on Saturday.
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The Fonterra & ACC Shanghai Innovation Center, serving all consumer and food service businesses, stands to help the company develop products that "are much closer to the needs of Chinese customers", said Paul Washer, chief financial officer of Fonterra in China.
The G20's new commitment to address global steel overcapacity comes as the Trump administration is about to release a report on the national security implications of steel imports in the coming weeks.
The Hong Kong company will order two new liners from the CSSC-Fincantieri joint venture. It has an option to order four more home-built ships.
The French-style garden villa at the intersection of Xuhui district's Dongping and Hengshan roads was once owned by the Soong family, one of the most powerful families in early 20th century China. [Photo provided to China Daily]