Ad blitz to promote fund

Article Abstract:

The government of Hong Kong is launching a promotional campaign aimed at drumming up interest for it first listed index fund. The fund, established by the Exchange Fund Investment Ltd and managed by State Street Global Advisors, will be listed on Nov 12, 1999, following a two-week subscription period. The $1 billion to $2 billion fund, which will comparable to the biggest stock offerings at Hong Kong's stock exchange, came from the stock market intervention that the government undertook in 1998.

Advertising, Investment Companies, Open-End Investment Funds, Targets & Markets, Securities, Index funds

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CyberWorks scales back plan

Article Abstract:

Pacific Century CyberWorks Ltd. is lowering finances allocated to the development of their digital television network, Network of the World. Executives explain that investments will be more closely aligned to their competitors spending strategies, and are denying it is due to disappointment in the network.

Product information, Telegraph & other communications, Nonmanufacturing technology, Management, Finance, Internet service providers, Online services, Internet services, Pacific Century CyberWorks Ltd., Digital television

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Gridlock and Air Pollution Prompt $25 Billion Rail Plan

Article Abstract:

Hong Kong has unveiled a $25 billion plan for creating six new rail lines over the next 15 years. The government believes this project will offer a solution to the nation's gridlock and air pollution.

Government regulation, Air Pollution Control, Waste Management and Remediation Services, Regulation and Administration of Transportation Programs, Transportation Programs, Railroads, Pollution control industry, Transportation policy

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