Miles to go; Beijing's suspicions cloud Hong Kong rail plan

Article Abstract:

The Chinese government has objected to the cost of a feasibility study sponsored by the Kowloon-Canton Railway (KCR) to build a railway connecting Hong Kong's new towns to central Hong Kong. KCR is a government-owned firm that has commissioned a $1.2 billion Hong Kong dollar study to evaluate all aspects of the plan to build the railway at an estimated cost of $80 billion Hong Kong dollars. All Hong Kong government projects that extend beyond the British handover to China in 1997 require approval from the Beijing government.

Railroads, Finance, Hong Kong-China reunification question

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Treasure Island: what will China do with Hong Kong's pot of gold?

Article Abstract:

Though many observers are concerned that China may appropriate the wealth of Hong Kong's govt, doing so would destroy China's credit, and the two parties have already made arrangements that leave little room for foul play. The new govt of the Hong Kong Special Administrative Region will probably come to power with some HK$327 billion due to an anticipated budget surplus and the Hong Kong SAR Land Fund Trust, which now holds some HK$85 billion. The Hong Kong Monetary Authority's Exchange Fund now holds about HK$449 billion.

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Keep talking: China approves mobile-phone licenses for Hong Kong

Article Abstract:

China's long delay in approving the distribution of six new mobile-telephone network licenses in Hong Kong cost the new players time and, more important, potential customers. The new networks use personal-communications services, or PCS, while existing ones use a different standard that is easier to receive on the move but can carry less data. Winners and losers in the PCS licensing have long been known, though China's bureaucrats held up the formal announcement due to concerns about inefficient competition.

Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Mobile Radio Regulation, Cellular telephone services industry, Cellular telephone services, Telecommunications regulations, Wireless communications, Telecommunications systems, Licensing agreements, Personal communications services

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