We define holomorphic structures on canonical line bundles of the quantum
projective space \qp^{\ell}_q and identify their space of holomorphic
sections. This determines the quantum homogeneous coordinate ring of the
quantum projective space. We show that the fundamental class of \qp^{\ell}_q
is naturally presented by a twisted positive Hochschild cocycle. Finally, we
verify the main statements of Riemann-Roch formula and Serre duality for
\qp^{1}_q and \qp^{2}_q