Ripped from the Headlines: Hong Kong News Today

The lobby of the JW Marriott in Hong Kong – just one of this city’s many fine hotels.

Hong Kong has some of the world’s best hotels – and prices to match! Seems they may be on the rise with the increased cost of property. Get out your Black American Express!

SCMP

 

l   HK: Hoteliers’ anger at steep rise in property rates

-Increases in government rates branded as unreasonable by hotel owners

 

l   HK: “No rules broken” in cross-lease of flats

-Former civil-service secretary says the practice of cross-leasing flats was common in the 1980s

 

l   HK: Tong’s hospitality as chief of customs raises eyebrows

-More allegations emerge of ex-ICAC head’s extravagant treatment of mainland officials

 

l   China: China cuts ties with North Korean bank

 

l   China: Pentagon report accuses China of cyber espionage

-Beijing attacks the claim as groundless

 

l   China: Chemical plant vow met with skepticism

-Kunming authorities say they are still deliberating on plans to build PX plant

 

Sing Tao

 

l   With the strike over, sources of tension remain as workers discover that previously offered benefits are included in the salary increase

 

l   17 Hong Kong people hurt in bus crash in Guangxi

 

l   Competition Commission hopes that enforcement guidelines will be set next year

 

l   Leung says that government will not apply for an interim budget allocation in face of filibuster

 

 

Caixin

 

l   NDRC Development Planning official says that urban agglomerations do not come from government planning and that the NDRC is gathering opinions on its urbanization plans

 

l   Bain: High-net-worth individuals are continuing to put assets abroad

 

l   China Merchants’ Bank report says that only 25 percent of entrepreneurs hope their children will take over the business

 

l   Ministry of Environmental Protection calls on its offices to step up supervision of emissions reduction

 

Xinhua

 

l   China Railway Corporation asks for 830 million yuan in support

 

l   Yuan rises above 6.2 to the dollar

 

l   Faced with problems at China Merchants’ Bank, Executive Director Ma Weihua might step down

 

l   Problematic mutton in Shanghai involves 13 hotpot enterprises

 

 

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