Hong Kong
Hong Kong Stock Exchange dominates global IPO markets
The HKEx has raised in the first 11 months of 2010 US$ 61.2 billion in 74 IPOs or 24% of the total global IPO value so far.
Hong Kong Stock Exchange dominates global IPO markets
The HKEx has raised in the first 11 months of 2010 US$ 61.2 billion in 74 IPOs or 24% of the total global IPO value so far.
Foreign currency reserve assets down by US$1bln in November
Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.
Yardway new shares subscription raises HK$62mln
The move attracts prestigious funds to become shareholders & Beijing Capital (Hong Kong) to increase equity stakes as it strengthens financial position and broadens shareholder base.
Samling appoints Goh York Pooi acting CFO
The previous General Manager (Finance) of the Group was named to replace the late Cheam Dow Toon.
Hong Kong generally optimistic on economy
85% of Hong Kong respondents in the survey expect it to register growth in GDP for the year.
Moody's maintains stable outlook on Asian utilities
High levels of government ownership in the sector bolster ratings behind support from the government and strong access to the domestic capital and bank markets.
Cathay Pacific adds Chicago and Abu Dhabi route
The new destinations will help to meet demand for both business and leisure travel to and from Hong Kong.
Lee & Man Paper secures HK$2.5bln five-year term loan facility
The facility aims to further strengthen the group’s financial position for business expansion.
China Automation Group and Hang Seng launch renminbi syndicated loan
The Multi-Currency Transferable Term Loan Facility is comprised of a 50mln renminbi facility, a 40mln US dollar facility and a 22mln HK dollar facility.
HSBC names Mark Mallia Debt Syndicate Head
Mallia to replace Sean Henderson who is assigned as Debt Capital Markets Head in the bank’s effort to expand debt capital markets in Asia Pacific.
IMF backs linked exchange rate
IMF forecasts Hong Kong’s economy to grow 6.75% this year and moderate to 5-5.5% next year.
WTO supports Hong Kong free trade regime
A WTO official lauded Hong Kong for being one of the freest economies, its commitment to the multilateral trading system, and its efforts to further develop trade.
Futong Technology and EMC Group set up JV
The JV will engage in selling, market and channel development of EMC products aims to strengthen market position and diversify product portfolio.
Cathay Pacific promotes John Slosar CEO
Slosar will replace Tony Tyler who will succeed IATA Director-General and Chief Executive Giovanni Bisignani.
Hong Kong sign tax pact with New Zealand
The agreement is the 17th aimed for the avoidance of double taxation in Hong Kong by its trading partners.
Hong Kong flat sales up 31.5%
The total consideration of sale and purchase agreements in November was up 30.2% to $74bln on October.
Truly third quarter profit up 10.5% to HK$641.3mln
The company has completed migration to higher resolution compact camera module and single to multi touch panel technology.
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