News

Hong Kong to introduce reverse mortgage scheme

Survey says 44% of respondents supported the introduction of reverse mortgages in Hong Kong.

Hong Kong to introduce reverse mortgage scheme

Survey says 44% of respondents supported the introduction of reverse mortgages in Hong Kong.

World Bank issues first Chinese renminbi bond in HK

The lender has provided Hong Kong with another strong endorsement of its renminbi bond market as the latter continues to develop itself as a key offshore RMB centre.

Purchase agreements for building units jumped 21.5% in 2010

The number of sale and purchase agreements for all building units received for registration was 162, 739, the Land Registry said.

Residential units sales dropped 26% in 2010

11,790 sale and purchase agreements for all building units were received for registration in December.

Hang Seng to achieve international environmental certification at all street-level branches

90 per cent of the bank’s office premises are ISO 1400 showing its commitment to protect the environment.

Transport complaints jump 20% in 3Q 2010

The Transport Complaint Unit received 4,927 complaints and suggestions from July 1 to September last year.

Mayer Brown JSM promotes four lawyers to consultants in Hong Kong

The appointments are effective as of 1 January this year.

Exchange fund foreign assets up $111.8 bln in November

The Exchange Fund's foreign assets grew to reach $2.3914 trillion.

HK earns $17.2 bln surplus from taxes

Expenditure for the eight-month period amounted to $195.7 billion with revenue of $212.9 billion.

Merry Christmas and Happy Holidays

Santa is taking a break in Australia and the elves are off to the provinces for the Holiday break so come back in the new year starting Janaury 3.

HK and China forge better financial ties

Both parties to further develop the renminbi bond market in Hong Kong and to help Chinese enterprises issue bonds in Hong Kong.

HK expects 10.95mln holiday tourists

The busiest day at Lo Wu will be Dec 27 when 189,000 passengers.

ShangPharma appoints J.P. Morgan as depository bank

ShangPharma issued 5.8 million ADSs at $15 per ADS.

Consumer prices jump 2.9% in November

The increase in consumer prices passed the corresponding 2.6% increase in October, according to Census & Statistics Department figures released today.

Hong Kong GDP for 2011 seen at 5.2%

Hong Kong GDP forecast for next year is expected to exceed the consensus of 4.6%.

32% of HK exports to China for outward processing

$377.7bln of Hong Kong's total exports to China were for outward processing, an increase of 26% in the first nine months this year.

Leaders should beef up integrity and communication skills

CFOs believe future leaders should be as transparent as possible, as well as capable of listening to employees and delivering crystal-clear communication.