Hong Kong
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
Dragonair expands network with Sendai and Okinawa
Addition of two Japan destinations aims to position Hong Kong as an international aviation hub.
SK E&S increases stake in China Gas
The South Korean natural gas operator currently holds 9.44% of the issued shares of China Gas.
Government keen on Science Park Phase 3 development
The Innovation & Technology Commission formed the $200mln Research & Development Cash Rebate Scheme to help enterprises.
October building sales registration down 11.7%
Yet the number of searches of land registers made during the month was 518,029 up 6.1%.
OOCL launches Mobile Rates of Exchange
The service enables customers to access inbound and outbound rates of exchange for a particular port through mobile phones.
NAR issues US$10mln and US$3mln convertible bonds
Proceeds will be used for NAR's general working capital, the acquisition of iron concessions in Mongolia and other acquisitions.
Exchange Fund yields $74bln in third quarter
Yet the Monetary Authority expects a lower income from the bonds market in the fourth quarter.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
September renminbi deposits up 14.5%
HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.
Companies Registry produces $141m surplus
107,416 new companies were incorporated during the year as technology shortened the process of starting a business.
Electrical & Mechanical Services Trading Fund reports $4bln revenue
The trading fund expects its business to remain steady as its post return on revenue at 11.8%.
HSBC appoints Rakesh Bhatia Global Head of Trade and Supply Chain
Michael Young to succeed current Bhatia’s role as lender’s Country Head and CEO in Indonesia.
HK and India agree to expedite tax-cut plan
Chief Executive Donald Tsang invited Indian companies to list in HK bourse as he asked Indian authorities to consider granting visa-free access to HK visitors.
Automated Systems profit up 83.7% to HK$17.8mln
Company expects supply and distributor agreements signed with Teamsun to enhance efficiency and sales capabilities.
Survey shows climate change top concern in Hong Kong
Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.
September total exports up 24% to $280.2bln
A trade deficit of $24.4bln, equivalent to 8% of the value of imports of goods, was recorded in September.
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