Hong Kong

August foreign currency reserves surge by US$600mn

The figure represents about nine times the currency in circulation.

August foreign currency reserves surge by US$600mn

The figure represents about nine times the currency in circulation.

CFA Institute appoints Chae Kwang Lee as Director, Industry Relations in Asia Pacific

Lee will design and implement an industry relations outreach plan that will build relationships with investment industry employers.

MasterCard appoints Debbie Goldingham as marketing head for South East Asia

Goldingham will take up her new role in early November 2011.

Hong Kong is 2nd most expensive place to build in Asia

The country came in behind Japan and tied places with Singapore.

Sun Hung Kai Properties to invest more than $835m to develop new site

The developer has acquired a Tseung Kwan O residential site from Tuesday’s government land auction for $410 million.

Goldpoly Project chosen in the '2011 Golden Sun Pilot Project' list

The company will receive funds to accelerate the construction of this leading-edge environmentally friendly power project.

PwC China and Hong Kong plans hiring 15,000 people

Detail-minded and committed new recruits will help to secure PwC as the number one accounting firm in China.

China Mobile and RIM introduce BlackBerry Bold 9788

First BlackBerry smartphone to support TD-SCDMA technology fit for Chinese SMBs and professionals.

Technical recession looms

With negative real GDP growth in the past two quarters, outlook is bleak especially amidst lower exports to the troubled USA and EU.

Swire Properties and Tsinghua University join forces

Partners establish joint research centre for building energy efficiency and sustainability.

Hong Kong’s exports to Japan recovering from set back

Hong Kong’s exports of electronics and related items to Japan gained by about 6% in June YOY. This comes after Japan’s supply chains improved towards the end of the April-June quarter.

Hong Kong helps Sichuan complete medical reconstruction projects

Construction works for the in-patient block of No. 2 People's Hospital of Deyang and the Deyang Dongqi Hospital in Sichuan has been completed smoothly. This is the result of joint efforts between Hong Kong and Sichuan over the years. Construction of the in-patient block of No. 2 People's Hospital of Deyang started in late 2009, and is the second largest medical and health project supported by the Hong Kong Special Administrative Region Government in terms of scale and funds. The previous No. 2 People's Hospital of Deyang was devastated in the Sichuan earthquake. The HKSAR Government committed RMB122 million to rebuild the in-patient block on the same site. With a bigger area, the new in-patient block provides 460 surgical beds and 240 medical beds to cater for a population of 4 million people in Deyang and its peripheral areas. Deyang Dongqi Hospita has also been completed with RMB115.7 million in reconstruction funding from the HKSAR Government. The Deyang Dongqi Hospital was relocated and upgraded to a medical complex with a construction surface area three times that of the previous one. Comprising a main block, an outpatient block, a medical sciences building and other auxiliary buildings, the new Deyang Dongqi Hospital was completed after more than a year of construction. The new hospital will serve 300,000 people in the East Jing River area and tens of thousands of victims from the other earthquake-stricken areas, as well as the 30,000 staff and their family members of Dongfang Steam Turbine Works in the Deyang economic and technological development zone. By July 2011, 39 projects had been completed, including nine medical and health projects. Most of the remaining reconstruction projects are due for completion this year and next year.

Three lots sold for $3,602.5 million

Three government lots were sold for a total of $3,602.5 million during the Lands Department's fifth land auction of the 2011-12 financial year.

South Korea seeks to lure Hong Kong capital

South Korea offered a variety of incentives in an effort to lure investors from Hong Kong.

Leases at EcoPark Phase 2 given to 6 recycling firms

Six recycling companies have been awarded leases at the EcoPark Phase 2 lots by the Environmental Protection Department.