About Us   Jobs   Contact Us      


HK "Could Play Role" as China Seeks Capital for Stimulus: Top Planner
    2008-11-27 16:06:09     Xinhua
China might raise capital in its Hong Kong Special Administrative Region as a way to involve the southern international financial hub in efforts to stimulate the domestic economy, an official of the National Development and Reform Commission (NDRC), the top economic planner, said on Thursday.
NDRC head Zhang Ping said the agency would encourage well-established Chinese companies to go public in Hong Kong as well as issue bonds there to raise capital for economic development.
"Hong Kong is a good platform to raise funds," said Zhang, without elaborating.
Of the 4 trillion yuan (586 billion U.S. dollars) stimulus plan announced by the State Council (cabinet) earlier this month to tackle an economic slowdown amid the global financial crisis, 1.18 trillion yuan will come from the central government, according to the NDRC.
The remainder largely depends on social investment.


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

Also on our site
China | World
• Russian Natural Gas Supplies to Balkans Halted
• Three Israeli Soldiers Killed in Friendly Fire in Gaza
• Polanski's Lawyers Seek to Have Sex Case Dismissed
• Foreign Journalists still Not Allowed into Gaza
• US VP-elect Joe Biden to Visit Pakistan
• China Curbs Overseas Trips on Public Expense
Business | Sports | SciTech
• China Issues Long-awaited 3G Licenses
• Wahaha, Danone Start Trademark Arbitration
• GM Reports 31 Percent Sales Decline in U.S. Market
• Call for More Overseas Talents
• Bulgarian Figure Skating Champion Sentenced to 2.5 Years in Prison
• China's Mission to Mars Set for Take-off
Life | Showbiz
• A Seemingly Endless Scandal
• Asian Art Top Show Kicks off in Beijing
• Behind-the-Scene Photos of "Look for a Star"
• Universal Pictures Movies Set New B.O. Record in 2008
• Tan Dun's Deep Pool of talent
• Top 10 Shows in 2008 
• China Drive, Afternoon, 2009-01-07
• China Drive, Afternoon, 2009-01-06
• China Drive, Morning, 2009-01-06
• Official Property Declaration System
• India handed over evidence of Mumbai attacks to Pakistan
• EU delegation holds talks to push for a cease-fire in Gaza
• Mubarak Meets with EU Troika on Gaza Situation
• Bush says any Gaza ceasefire must stop Hamas rocket fire
View the Messages