Hong Kong

Both cities agree to promote multi-destination itineraries and meetings, incentives, conventions and exhibitions to boost tourism development.

CKSD to sell 20% stake in Chu Kong River Trade Terminal Company Limited to CMHI.

Over half of the 151 reconstruction projects funded by the Hong Kong Government in Sichuan are underway. Chief Executive Donald Tsang said that half of the 151 projects in Sichuan have already begun, according to a government release.

Visitor arrivals in the first half of the year reached 16.86 million, about 23.1% higher than the number of visitors in the same period in 2009.

Company moves forward with coal mining operations after suffering 53.7% decrease in revenue and HK$12mln loss. Doxen Energy Group Limited (“Doxen Energy” or “the Group”) (HKEx code: 668) has announced its final results for the year ended 31 March 2010. Coal mining in the Fukang region in Xinjiang On 18 May 2010, the Group embarked on its first major step to enter the coal mining business by entering into an agreement to acquire 100% interest in the New Century Coal Mine located near Fukang City in Xinjiang Autonomous Region of the PRC for a total consideration of HK$300million, to be settled by issuance of new shares of the company at HK$1 each, according to a company report. A recap of developments at Xinjiang The New Century Coal Mine is a thermal coal mine and operation was ceased in 2009 to increase its annual production capacity from 90,000 tonnes to 900,000 tonnes. The New Century Coal Mine has an aggregate mining area of approximately 2.5478km2 covered by mining licence. Coal production is anticipated to commence in late 2012. Sales of coal is expected to begin by the end of 2012 or early 2013. Customers It is intended that the coal products will be mainly sold in the Fukang region, Xinjiang and other regions between Fukang and Urumqi. Potential customers are large-scale power generating companies and cement manufactures in the Fukang region. Fuel by the continues development of Xinjiang’s economy, and in light of the policy of local coal utilization and extensive processing, demand for coal in future will be increased significantly. Strategic Cooperation Agreements Moving forward from the acquisition, the Group has also entered into strategic collaboration agreements with Henan Coal Chemical Industry Group Co. Ltd and Jiangsu Huaxi Group Company on 18 May 2010 to establish long-term strategic alliances to cooperate in the exploration and development of coal mining projects within the PRC. Mr. Lo Siu Yu, Chairman of Doxen Energy said, “Coal mining has been identified by the management as one of the future major business focuses of the Group, we see particularly strong development potential in this sector. We believe that commencing the coal mining business marks an important first step to set a course of our future growth, with the long term goal of building businesses synergies within the mining operations.”

Turnover from forestry operations amounted to HK$263.1 million for the fiscal year ended 31 March 2010.

The building site in the Peak district may be auctioned off by the government for approximately HK$10.5 billion ($1.35 billion) amidst demand for high-end properties in Hong Kong.

Sales volume of dried cassava chips soars 115% to 350,000 tonnes behind demand for ethanol fuel.

265,000 sq.m. land area acquired from auction in Hebei to be developed into a new-type Eco-community.

Extensive IP-based system empowers enterprises with cost-efficient versatile infrastructure to comprehensively reach multiple customer channels worldwide.

Japan's popularity to tourists prompted airline to operate direct non-stop service between Hong Kong and Fukuoka.

Net asset value grows 67% behind HK$1.48bln return from Kaisun Energy and HK$323.82mln from China Investment.

China province’s real estate investment surged 32.2% to HK$131.36bln amid the hosting of Asian Games.

Disagreements put the construction to halt.

Hong Kong’s new renminbi inter-bank market launched as limits on offshore renminbi circulation are being loosened.

Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.