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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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Rents for new public housing flats set

The Housing Authority today said rents for 10,445 flats of nine blocks at a new public rental housing estate and two existing ones, to be completed between July and December, have been set at the best rent levels in their respective districts.   The best monthly rent in the urban district, at $93.8 per sq m, will apply to 1,040 flats in Hoi Shing House of Hoi Tat Estate.   The best monthly rent in Kwai Chung District, at $90.7 per sq m, will apply to 540 flats in Heng King House of Lai King Estate.   Fanling District's best monthly rent of $66.5 per sq m will apply to 8,865 flats in seven blocks of Queen’s Hill Estate.   Under this rent-fixing exercise, the rent for more than 91.6% of the flats are below $2,500 per month.   The authority noted that the rents are heavily subsidised and are inclusive of rates, management fees and maintenance costs.   Those who are allocated new flats but cannot afford the rents may request refurbished flats at lower rents or apply for assistance under the Rent Assistance Scheme, it added.
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