Hong Kong
Exchange Fund foreign assets up to over HK$2 trillion
External assets of the Exchange Fund increased by HK$33b as of end of August.
Exchange Fund foreign assets up to over HK$2 trillion
External assets of the Exchange Fund increased by HK$33b as of end of August.
Drainage department awards $528M for treatment works
The Drainage Services Department has awarded a $528 million contract for upgrading the preliminary treatment works at Sandy Bay, Cyberport, Wah Fu, Aberdeen and Ap Lei Chau.
Powerlong’s contract sales disappointing at RMB2.3b in 1H 2011
Moody’s says its new private debt placement of HK$1b won’t impact its negative outlook.
Citic Securities sets price guidance for Hong Kong listing
The publicly traded brokerage will price the shares at between a discount of 13% to its Shanghai-listed shares and a premium of 3%.
Hong Kong weathers economic headwinds from the West
Analysts forecast the city’s GDP growth to reach 4.9% in 2012.
HSBC seeks larger quota for yuan bonds
This is amidst surge in the bank’s yuan deposits in Hong Kong.
David Fried to step down as HSBC global head of insurance
He will be replaced by current head of insurance in Latin America, Marcelo Teixeira.
Wanted: 23% of Hong Kong employers optimistic on hiring
The city's net employment outlook stands favorably at +21% in Q4 2011.
British banks “absolutely” welcome in Hong Kong
Aside from HSBC, Standard Chartered is also assured to find a home in Hong Kong if it decides to relocate.
Convictions for environmental breaches reach 25 in August
Twenty-five convictions were recorded in August for breaches of legislation enforced by the Environmental Protection Department.
BlackRock appoints Mark McCombe as chairman for Asia
The former HSBC Hong Kong CEO will replace Rohit Bhagat.
Novo Group’s revenue plunges 43.5% to US$66.2m in 1Q12
It’s no surprise as many steel enterprises reported sharp decreases in profits due to the surging prices of steel related raw materials, iron ores and coals.
Hong Kong stocks suffer biggest decline since early August
Hang Seng Index was down 3.4%, with HSBC shares falling 4.3% after losing its top Hong Kong executive to Blackrock Inc.
Is the bottom near for Asian economies?
Analyst said it’s difficult to be bullish amidst events in Europe and the US.
Massimo Bonini's concept store opens in Hong Kong
Massimo Bonini, a renowned Italian showroom for Italian brand name shoes and accessories, announced the unveiling of its first worldwide concept store in Hong Kong.
Customs seizes fake dried deer tendons
The Customs and Excise Department seized 187 catties of suspected fake dried deer tendons worth about $41,200 in a series of raids on 28 dried food retailers last week.
Value of construction works up 4%
The total gross value of construction works by main contractors in the second quarter of this year increased 4% in over the same period last year, to $29.4 billion.
Read Here
Advertise
Sign Up
Commentary
LandsD 'area model' idea makes sense for the San Tin Technopole
Hong Kong’s tertiary education policy shift ignites co-living growth