Hong Kong

HK relaxes yuan restrictions

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(IT) Hong Kong will let nonresidents purchase an unlimited amount of yuan, as it seeks to defend its position as the global hub for international finance in the currency.

Property investors rush to cash in on ‘mini-HK’

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(IT) HONG KONG — Investors are snapping up property near a proposed $45 billion business zone in the Chinese boom town of Shenzhen, betting that the government’s plans to further open its capital markets with a “mini-Hong Kong” will spur real estate values.

HK’s secretary for development resigns

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(IT) HONG KONG – The Hong Kong Special Administrative Region (SAR) Government Thursday announced that Secretary for Development Mak Chai-kwong has resigned.

Water quality ‘guaranteed’ for Hong Kong

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(IT) The quality of drinking water supplied to Hong Kong is fully guaranteed, despite the increasing number of environmental incidents on the Pearl River and growing demand on the Chinese mainland, a senior official said.

City may clamp down on bad public behavior

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(IT) Litterbugs in Shenzhen may be forced to perform community service, with the city drafting a local law in a bid to improve public behavior.

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