Hong Kong Commercial Daily

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Hong Kong Commercial Daily
Type	Daily newspaper
Format	Broadsheet

Owner	Joint Publishing (HK) Company Limited
Editor	Cheng Xitian (陳鍚添)
Founded	1952
Political allegiance	n/a
Headquarters	Hong Kong

Website: www.hkcd.com.hk

The Hong Kong Commercial Daily (香港商報) (HKCD) is a business-oriented newspaper, published in broadsheet format . Established in 1952, it was the first financial newspaper in Chinese language, with its electronic format available on the Internet. It is one of the few newspapers authorized by the Hong Kong SAR government to publicize legal announcements, and also the only Hong Kong newspaper allowed to be circulated freely in mainland China. With a branch office in Shenzhen, its circulation reaches the top among Hong Kong newspapers in China.

[edit] History

[edit] Establishment

The HKCD was founded on 11th October, 1952. The first issue was published on a Saturday with the selling price of only HK $0.10. In the foreword of the newspaper's launch, the paper claimed to aim at serving as the voice of the local Hong Kong commerce as, "everything to consider the Hong Kong people, everything to serve the local commerce". The paper aimed at maintaining its open attitude towards the truth of events, putting focus on worldwide economies, especially in Hong Kong and China, in order to inform merchants and businessmen on the ever-changing economies around the world. In the earliest publications, the newspaper contained also the latest horse racing news in Happy Valley, Hong Kong, and during weekends, columns and serial short stories with pictures (e.g. the West Journey) were also published for the entertainment of the readers.

[edit] In the 70s

In the early 70s, the government asked HKCD to stop publishing its horse and dog-racing pages in order to prevent the promotion of the idea of capitalism. The disappearance of those popular topics led to a severe decline in its circulation at that time.

[edit] In the 80s

In December 1989, its largest shareholding went to the Joint Publishing (HK) Company Limited (the joint company of The Commercial Press (H.K.) Ltd, Chung Hwa Book Co. and Joint Publishing)at the price of 160 million Hong Kong dollars.

[edit] In the 90s

In 1995, HKCD co-operated with the mainland publishing companies to co-publish its special mainland version. It helped in building up its news network and expanding its mainland newspaper market. Since 1996, its electronic version was available on the internet.

[edit] In 2005

In May 2005, the paper has been upgraded. Its standard selling price was $3 Hong Kong dollars within Hong Kong and overseas countries. In Mainland China, it is sold at $3RMB within Guandong Provinces and $5 RMB in other provinces. The new version of the paper emphasizes, that the news covered, are tailor-made for investors and business executives mostly from Hong Kong and the Pearl River Delta Economic Regions. It mainly focuses on economic issues so as to facilitate business between Hong Kong and China. The intention of the paper is to serve as a bridge, connecting both sides of the border. The content is more diversified. It contains the latest horse racing information, sports news, focusing on soccer and basketball, entertainment news and Hong Kong tourist information in a section called "Tour in Hong Kong” (香港游).

[edit] Contents

The newspaper contains about 30 pages. The largest the sections are:

[edit] News

News highlights[1]

China News[2]

Hong Kong News[3]

World News[4]

[edit] Business

The Stock and Property market of China[5]
Analysis of oil prices, stock markets in Hong Kong, China and the world
Public announcements and disclosure of revenue of companies in Hong Kong and China

[edit] Property

Analysis of property market and investment opportunities in Hong Kong and China
Latest Development of Chinese provinces[6]

[edit] Special Features

Interviews - special features on successful and outstanding businessmen in Hong Kong and China

[edit] Sports

Horse Racing news
World Football news

[edit] Leisure

Food and restaurants
Travel in China
Book review

[edit] Techonology

A special issue called I.T.Net is published every Wednesday along with the newspaper.

[edit] Editor

[edit] Cheng Xi Tian (陳鍚添)

Mr. Cheng Xi Tian is the current chief editor of the HKCD. Cheng was born on 8th February, 1941 in Shanghai. Before he became the Chief Editor and Deputy of the HKCD, Cheng had been the editor of Shenzhen Publishing Group. At present he is also a part-time professor in Renmin University of China(RUC)(中國人民大學) and Wuhan University(WHU)(武漢大學). He is a graduate from journalism of Renmin University of Chinain 1966 and has been working in the field of journalism for more than thirty years. Since he has written a number of newsletters, argumentative writings, reports, biography and prose etc, he was given the title "Unique Journalist" by Deng Xiao Ping(鄧小平) in 1992. On 26th March, 1992, Cheng’s Chinese publication 《东方风来满眼春》highlights the success of his career. This publication has won a lot of distinguished awards in the press media of mainland China, e.g. "The first award of Chinese News" (中國新聞獎一等獎), "Speical Price of Guangdong News" (廣東新聞獎特別獎), etc.. In 2000, he was awarded the most honorable prize in the press in mainland (韜奮新聞獎).

[edit] Board

Chairman and CEO

Image:黃揚略.jpg

Mr Huang Yang Lue

[edit] Huang Yang Lue (黃揚略)

Mr Huang Yang Lue is currently the Chairman of the Board of Directors as well as the CEO of The HKCD. He was born in Suwen, Guangdong and graduated from Zhongshan University(中山大學)in 1982. Immediately after his graduation, he entered the Xinhua News Agency of the Guangdong branch. He worked as a reporter, assistant director and the Vice-President of the Guangdong branch. He also is a part-time Professor at the Business School of Jinan University(暨南大學). In September 2002, he was appointed as the Head of the Shenzhen News Group[7].

[edit] Advisory Board

There are more than 50 members as advisors of the HKCD. For example: Dr. Tsang Hin Chi(曾憲梓), Dr. Leo Lee Tung-hai(李東海), Dr. Vincent Lo Hong-sui(羅康瑞), Dr. Robin Chan Yau-hing(陳有慶), Mr. Timothy Fok Tsun-ting(霍震霆)and Mr. Chan Wing-kee(陳永棋) .

[edit] Readership

[edit] Target reader groups

The target reader groups includes investors and business executives in both China and Hong Kong, mainly from the Pearl River Delta, especially the Special Economic Zones. Employees of some Hong Kong companies which have based their businesses in mainland China, and politically-minded individuals with an interest in the HKSAR-PRC relation, are also the target readers of the paper. Its worldwide readership also includes people from Malaysia, Thailand, Singapore, the USA, Canada, Australia, UK, Germany, the Netherlands, Norway, etc..

[edit] Ranking by readers

According to a survey done by the Department of Journalism and Communication, Chinese University of Hong Kong, the credibility of HKCD is ranked 23rd among the media(for example, newspapers and magazines)in Hong Kong, scoring 4.9, while the most credible one is the Hong Kong Economic Journal(scoring 7.38).

[edit] Readers' perception

RTHK [8] and Breakthrough[9] have conducted surveys and questionnaires for Hong Kong readers and journalists in Year 1998 and 2001 respectively. The findings reflect the credibility, political stance and popularity of a number of Hong Kong newspaper among the public.

The result of the surveys has been shown in the diagram.

[edit] Publication

[edit] Installments

In addition to reporting up-to-date business and financial issues, it also contains intellectual serials. For example, many of the martial arts novels written by Jinyong(also known as Louis Cha) from the 1950s like "The Sword Stained With Royal Blood"《碧血劍》in 1956, The Legend of the Condor Heroes"《射鵰英雄傳》in 1957 etc, were published as installments in the Hong Kong Commercial Daily.

[edit] Books

Besides, HKCD also publishes various kinds of books, while most are in Chinese, inluding "The Last episode of Ten Colonels"《十大元帥大結局》、"The Mystery of Xiaoshan"《韶山之謎》、"The Last 28 days of Cultural Revolution"《文革最后的28天》、"Horror and Anti-horror"《恐怖與反恐怖》、"Human and Ghost"《人鬼神》、"Force of China"《中國力量》. Many are on current political and economic issues. For its 30th anniversary, it also published in 1982 a book called "Knowledge of living" with useful information on health care, electrical appliances and useful telephone numbers in Hong Kong and Guangzhou etc.. Some feature stories and articles on the newspaper are later collected and published as books.

[edit] Website

The HKCD website (香港商報電子版-中國窗)[10] was launched in 1996. It is written in both Traditional Chinese and Simplified Chinese characters. The news is updated at mid-night, before the paper is published every day. People from all over the world can access freely to the on-line news about Hong Kong, Mainland China and the world . Apart from that, with the help of the search engine, readers can review the news and special features in the past.