Hong Kong

Lands Department awards tender for hotel, residential sites

The hotel site was granted to Shangri-La Hotel and the residential site was awarded to Sky Target.

Balance of Payments surplus reaches a whopping $23.6b

This represents almost 5% of the country's gross domestic product.

HKMA backs China Development Bank's renminbi bonds issuance

The lender will be the first financial institution in China to make use of the platform to issue renminbi bonds.

Noble House (China) plans GEM Board of HKEx listing

The Chinese restaurant chain in the PRC targeting customers with strong purchasing power places 98mn shares at HK$0.55-HK$0.85 per share.

You won’t believe how many tourists went to Hong Kong in November

The total visitor arrivals in the first 11 months even surpassed the yearly total for 2010.

Take your pick: 5 housing sites up for grabs

It is estimated that the sites will provide 430 flats in the first quarter next year.

Hilong’s new drilling rig starts operation in Ecuador

The company expands rapidly in international oilfield services market.

Hong Kong people spend US$1.9bnn on online shopping in 2011

PayPal study said figure expected to grow to US$2.5bn by 2015.

More must have travelled to Hong Kong in November

Visitor traffic increased 7% compared to the same month last year.

Service activities net output increased 3.9% in 3Q11

Net output in the import and export, wholesale and retail trades sector rose 4.8% in real terms.

Leading the Market with Services

RICOH shares their achievements and expansion plans in the future as they move towards more innovative I.T. services.

Where have all the employees gone?

There are 57,690 jobs in the private sector but there's no one to fill the positions.

Fears escalate as unemployment rises to 3.4% in November

And if you’re planning to look for a job, you may not be in luck as employers stay cautious towards recruitment.

Hong Kong’s GPD up 8.8% to a whopping $487b in 3Q11

The country’s GNP was larger by $6 billion, rising 9.8% in the third quarter.

Payback time: MF Global Hong Kong to return client money

A court has so far approved the return of HK$500 million.

Exports and imports volume up in October

Double-digit increase was recorded for the total export volume to Taiwan.