China set to tighten bank lending and reduce new-construction project in the coming fiscal year. Due to the economic rebounds and surging assest prices, Beijing set to reduce the bank lending by increasing the deposit reservation limit of bank, and mainly pour resources on existing construction projects, in order to prevent overheat and make a more sustainable trajectory.
Some of the most prominent judges and lawyers paid tribute to the outgoing Chief Justice Andrew Li for his remarkable contribution to the HK legal system. Last year Li had been decided to step down early in August this year for a "orderly sucession".
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