Hong Kong

Merry Christmas and Happy Holidays

Santa is taking a break in Australia and the elves are off to the provinces for the Holiday break so come back in the new year starting Janaury 3.

Merry Christmas and Happy Holidays

Santa is taking a break in Australia and the elves are off to the provinces for the Holiday break so come back in the new year starting Janaury 3.

HK and China forge better financial ties

Both parties to further develop the renminbi bond market in Hong Kong and to help Chinese enterprises issue bonds in Hong Kong.

HK expects 10.95mln holiday tourists

The busiest day at Lo Wu will be Dec 27 when 189,000 passengers.

ShangPharma appoints J.P. Morgan as depository bank

ShangPharma issued 5.8 million ADSs at $15 per ADS.

Consumer prices jump 2.9% in November

The increase in consumer prices passed the corresponding 2.6% increase in October, according to Census & Statistics Department figures released today.

Hong Kong GDP for 2011 seen at 5.2%

Hong Kong GDP forecast for next year is expected to exceed the consensus of 4.6%.

32% of HK exports to China for outward processing

$377.7bln of Hong Kong's total exports to China were for outward processing, an increase of 26% in the first nine months this year.

Leaders should beef up integrity and communication skills

CFOs believe future leaders should be as transparent as possible, as well as capable of listening to employees and delivering crystal-clear communication.

CITIC Securities and Crédit Agricole to form global brokerage platform and investment bank

Cooperation aimed to improve leverage of Crédit Agricole CIB activities and client relationships globally and CITICS leadership in China.

Minmetals Land acquires 3 real estate developments from China Minmetals

Projects totaling GFA 1.25mln sq. m. HK$2.36 per consideration share has increased the company’s land bank to over GFA 4mln sq. m.

Hong Kong gross domestic product grows 6.8% in Q4

Net output in all the service activities taken together rose 6.9% in real terms in the quarter.

Housing Authority to spend $330m on public housing estates

A number of major improvement works on old public housing estates are expected to be completed by mid-2012.

Hong Kong air passenger traffic up 8.1%

Air traffic movements rose 13.9%, to 26,765, according to figures released by the Airport Authority.

Shangri-La to open Traders Hotel in Chennai

The development will include a mall, office block and the 246-key hotel along with 52 service apartments set to open in 2012.

China Fishery seeks listing on HKSE

Hong Kong listing will allow the company to expand its investor base by facilitating additional institutional and local retail investors in Hong Kong.

Hong Kong unemployment rate down 4.1%

Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.

S&P raises Hong Kong ratings to AAA

The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.