Hong Kong

The MTR Corporation has lowered its fare rise proposal announced last month, from 2.3% to 2.2%.

The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.

The HKTDC Hong Kong Gifts and Premium Fair opened at the Hong Kong Convention and Exhibition Centre with some 4,070 exhibitors. It is a new fair record.

The company aims expansion into the luxury jewelry retail market with a well-established niche brand.

Exit from Growth Enterprise Market to SEHK to enhance the profile of the group and increase trading liquidity.

The two sectors are eyed as market focus, with prospective rental growth of 25% in 2011 for the Office Sector and 20% for Retail Sector.

Compared to the mainland, Hong Kong travellers spent $1,096 per night when travelling abroad.

SFC reminded investors to gets details of processes for their transactions when trading renminbi securities in the secondary market.

The Hospital Authority has earmarked an additional $200 million this year to strengthen the recruitment and retaining of nursing manpower. It seeks to improve working conditions and career prospects for nurses.

Yet the prevalence of optimistic business expectations among respondents remained unchanged as the proportion of respondents with a favourable business outlook rose up 26%.

The Electrical & Mechanical Services Department asked Chevron to stop the sales of all auto-LPG until the quality has been confirmed to comply with the specification.

The April 22 record of Hong Kong International Airport supassed the daily average of 891 movements by 12.57 per cent.

The year-on-year rate of increase in the underlying inflation rate in March was 4.4 per cent.

The Lifts and Escalators Bill has been gatted to further enhance lift and escalator safety in Hong Kong.

The Housing Department has refuted a press report claiming structural settlement affecting two buildings in Pak Tin Estate is a danger to tenants.

Government to conduct a mid-term review of the new measures to fine-tune the policy or implementation issues and to facilitate better use of existing industrial buildings.