香蕉久久综合-香蕉久久夜色精品国产尤物-香蕉久久夜色精品国产-香蕉久久久久-久久网站视频-久久网免费

Top News

HK hails successful links with mainland

(China Daily)
Updated: 2006-04-27 06:11
Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail
Large Medium Small

HONG KONG: Connections with the mainland have enhanced the competitiveness of Hong Kong's finance market, Donald Tsang, chief executive of the special administrative region said yesterday.

"Our connections with the mainland have given us an obvious edge over our competitors in servicing the financing and investment needs of mainland enterprises," said Tsang.

He added that Hong Kong's well-regulated and highly liquid financial markets have become the venue of choice for mainland enterprises venturing into the overseas market.

By the end of last year, 335 mainland enterprises had listed in Hong Kong, accounting for about 30 per cent of the total number of companies listed on the Hong Kong Exchanges and Clearing Ltd.

The turnover of these mainland enterprises accounted for 46 per cent of the total equity turnover of the Hong Kong stock market in 2005.

Mainland companies also raised about 180 billion HK dollars (US$23.22 billion) on the Hong Kong capital market, accounting for 60 per cent of the market total last year.

"Together they have raised more than 1,100 billion HK dollars (US$142 billion) and account for more than 40 per cent of our total market capitalization," said Tsang.

He added Hong Kong would reinforce its role as the premier capital formation centre for the mainland.

Tsang made the remarks at the opening of the newly renovated facilities of the Hong Kong Exchange and Clearing Ltd.

Over the 20 years since the Stock Exchange of Hong Kong started operation, the market capitalization of Hong Kong has grown 38 times, reaching more than 9,500 billion HK dollars (US$1,226 billion) last month.

Hong Kong's stock market now ranks as the second largest in Asia and the eighth largest in the world.

(China Daily 04/27/2006 page3)

Comments( China Daily Website - Connecting China Connecting the World

Sorry, the page you requested was not found.

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
) PrintMail