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China's plan for new Shenzhen sparks frenzy of speculation

Shares of Chinese cement, building, port-related firms surge in HK on hopes of major construction activity

Sealed gates of a property after the Chinese government banned all real estate sales in counties earmarked as part of a new special economic zone in Xiongan, Hebei province, to curb speculation.

Hong Kong

IT didn't take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy.

Within 24 hours of Saturday's announcement that the government would create the Xiongan area in Hebei province - in the same spirit that Shenzhen and...

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