In Focus
New stock index futures contract starts Aug 12
Tracks mainland companies listed in Hong Kong and China.
Walmart could bid for ParknShop
World’s largest retailer consulting with bank on acquisition.
Hong Kong’s gold exports to China fall 4.8%
Gold headed for first annual decline in 13 years.
Despite questionable ethics, HSBC reports H1 net profit surge of 22%
Shares fall, however, on concerns about China’s growth.
DBS Bank Hong Kong extends US$16.3 million loan to Qianhai
Will go to further development of Qianhai logistics project.
Crimes in HK by Mainland Visitors drop 6%
Prostitution by MVs also fell 6%.
Fortune REIT looks to buy more malls in HK
Plans to raise to raise US$103 million to fund spree.
New Zealand and China top MasterCard Index of Financial Literacy survey
Have best basic money management skills in Asia/Pacific.
HKMA frets over doubled loan growth
Fears credit and funding risks rising.
Hong Kong’s fund management business hits record HK$12.6 trillion
Overseas investors took 65% of assets under management.
HKEx to introduce CES 120 Futures
Expands HKEx’s range of China-related products.
Hong Kong hits banks for providing loans to mortgage firms
Says this will undermine property curbs.
Dearth of CFO talent stalks Hong Kong
This despite rising demand for accounting and finance professionals.
Four in five HK firms use cloud computing
Want to gain competitive edge and cut Capex.
Hong Kong ready for more NFC mobile payments
Some 40% of smartphones will be NFC-enabled by yearend.
16% of Hong Kong investors to make more aggressive strategies
Despite 13% of them losing money in 2Q13.