Hong Kong

Mainland China and Hong Kong SAR have emerged as the economic and financial hubs of Asia, attracting scores of businesses engaged in the manufacture and distribution of goods from around the world. Despite both being economically active, people may view the two territories in stark contrast. Mainland China’s economy is strictly regulated, with a complex tax regime and relatively high trade barriers. Conversely, Hong Kong SAR is a free port that charges practically no customs duties and maintains a simplified tax system with minimal transactions costs. Dealing with two varying sets of regulations and regimes is part of reaching the markets to which Mainland China and Hong Kong SAR grant access.

The Chinese antitrust agencies issued implementing measures which will allow for an increased level of enforcement against cartels and other kind of anticompetitive conduct in China, but do they really mean business?

This is to prevent the abuse of new-trend psychotropic drugs and to hinder the production of ketamine.

But 7 new members have been appointed to the Hong Kong Housing Authority.

The collaboration to promote secure, “green” e-billing solution aimed to provide millions of customers with highly secure and efficient e-billing service.

Yet the recent Japan crisis could generate adverse impact on the business of certain retailers.

Sales of Hong Kong dollars for foreign currencies and fiscal drawdowns caused the decline in Hong Kong dollar assets.

The government expects cumulative surplus to decrease in the last month of the financial year.

The company has implemented precautionary measures onboard its vessels to ensure safety of its crew and cargoes exposed to radiation.

IATA introduced a resolution for setting baggage allowances and excess baggage charges for journeys involving multiple carriers.

The Labour Department will offer aid to grassroots workers who are having problems after the launch of the statutory minimum wage.

Diana Chan is also appointed as Deputy Chairperson of the Mandatory Provident Fund Schemes Advisory Committee.

Each target building has generated 20 job opportunities on average for building professionals, contractors, technicians and workers.

The CEDD awarded a $100.8 million design and construction supervision consultancy agreement for the Liantang-Heung Yuen Wai BCP.

The company targets contracted sales of HK$7bn, up 82% and GFA of 640,000 square meters, up 103% from contracted sales achieved in 2010.

The company acquires manufacturer of dermatology and hormonal pharmaceutical products to bring new revenue contributions to the Group.