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Wharf, BoChina Earnings Lift HK Stocks |
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Author: 123jump.com Staff
123jump.com
Last Update: 5:06 PM EDT March 26 2008
Hong Kong surplus in the fourth quarter 2007 jumped to 78.3 billion and in the year rose to 114.5 billion or 7.1% of GDP. Higher tax receipts and rising property values played a key role in the surge. Hong Kong, earlier had proposed to lower personal taxes on low income families on the rising government receipts. ICBC net income surged 65% to Rmb 82.3 billion lifting bank stocks. Jiangxi Copper declied 2% after reporting 12% drop in 2007 profit. |
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