Hong Kong

Melco Crown Entertainment to launch IPO in Hong Kong

Market sources say the Macau casino venture aims to raise up to HK$39b.

Melco Crown Entertainment to launch IPO in Hong Kong

Market sources say the Macau casino venture aims to raise up to HK$39b.

Commercial property sales in secondary market down 28.7%

There were only 1,222 deals for retail, office and industrial property in the said market in July.

Sun Art Retail Group profit up 41.5%

The hypermarket operator, which debuted in Hong Kong trading in July, reported $122.7m profit for the first half of 2011.

Cable&Wireless Worldwide appoints Bhupinder Singh as country manager for Hong Kong

Bhupinder has an engineering degree in Computer Sciences and an MBA from the Anderson School of Management, UCLA.

Worldhotels appoints Jason Lin as director of sales for Hong Kong and South China

He will report to Christina Spykerman, Senior Director of Sales and Marketing, Worldhotels Asia Pacific.

Retail sales value up to over $35b

The value of total retail sales in July 2011 increased by more than 29% compared to the same period in 2010.

Recruitment activity in Hong Kong picks up after slow start

There was year-on-year growth in job ads as retail services benefited from an influx of tourists from the Mainland.

China Comservice profit up 16% to CNY1bn

The company is capitalizing on opportunities brought about waves of informatization.

Sino Biopharmaceutical profit up 15% to HK$221mn

The group sees more M&A opportunities to arise expediting consolidation of the pharmaceutical industry, and further intensifying competition.

Hang Seng Bank appoints senior executives

Nixon Chan picked as as Head of Retail Banking and Wealth Management, while Donald Lam assumed Corporate and Commercial Banking leadership role.

Hang Seng Indexes unveils two new composite indexes

Launch of Hang Seng Foreign Companies Index and Hang Seng Global Composite Index demonstrated the evolving Hong Kong capital market platform.

China–Hong Kong sci-tech meeting reaffirms ties

The Mainland-Hong Kong Science & Technology Co-operation Committee meet is part of plan for Hong Kong to further foster innovation capabilities with the Mainland.

HKMA grants Sweden's SEB banking licence

Hong Kong now has 150 licenced banks.

OSK Investment Bank launches new resources fund in Hong Kong

The move is part of plan to boost presence in Hong Kong with Islamic funds eyed in follow-through activities.

Draft of Mau Ping Area Plan gazetted

The draft of Mau Ping Development Permission Area Plan hasw been published, according to the Town Planning Board.

Draft of Wong Nai Chung Outline Zoning Plan amended

The draft of the Wong Nai Chung Outline Zoning Plan has been amended to involve rezoning a site covering Pioneer Memorial Church and the former Hong Kong Sam Yuk Secondary School at 17A Ventris Road.

Labour Department promotes work safety

The Labour Department drew attention to safety precautionary measures to prevent work accidents by launching the "Work Safety Alert" on its website.