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Cathay Pacific Chief Executive Officer Rupert Hogg said the new services will meet customer demand and increase access to and from Hong Kong.

Chao said Sina's edge is its detailed knowledge of users. Weibo is commonly used to post everything from videos to text messages and 313 million people access it at least once a month－on par with Twitter. Once combined with information from other sources, that data could be used to better evaluate loan risks.

Cars imported from the United States might soon lose their appeal, as China has decided to impose an additional 25 percent tariff on a list of 106 items, which includes automobiles, in a retaliatory response to the Trump administration's tariff proposals.

Central China has unique advantages in absorbing foreign capital, thanks to the region's geographical location, abundant labor force and supportive polices, he said.

Chan Tak-lam, chief executive of the Hong Kong Monetary Authority. [Photo/China DAily]