Hong Kong

The number of sale and purchase agreements for all building units in Hong Kong's Land Registry in January was 9,917. It is down 15.9% from December, and 19.9% year on year.   The total consideration of sale and purchase agreements was $59.1 billion, up 10.6 per cent from December and 32.1 per cent on January last year.   Of the agreements, 8,002 were for residential units, down 14.2 per cent from December and 24.9 per cent on January last year.   The total consideration for sale and purchase agreements in respect of residential units was $33.3 billion, down 16.5 per cent from December and 7.8 per cent from January last year.   The 12-month moving average for January was 13,356, which was 1.5 per cent below the 12-month moving average for December, but 14 per cent above that for January last year.   The number of searches of land registers made by the public was 502,271, up 10.5 per cent compared with December and 1.7 per cent on January last year.

Total assets of the Exchange Fund amounted to $2.3457 trillion at the end of December, down $45.7 billion on November.  

Facebook announced Tuesday the opening of its Hong Kong sale office. It will provide support for brands, agencies and companies in Hong Kong and Taiwan.  

Richard will be based in Hong Kong as he builds a team to establish and grow the debt advisory business in China and Hong Kong.

One pre-sale consent is for a residential development and one for commercial.

Hong Kong is set to become the first and largest recipient of CNY denominated ODI flows.

Midas to supply aluminium alloy extrusion profiles, including certain fabricated parts, for 30 train sets to CNR Changchun.

SHL appoints Stuart Hedley VP Professional Services to cover China, Hong Kong and Singapore.

The current reading is an improvement from the 55.0 posted in December 2010.

A walk-in interview session is being offered by Dragonair to look for new qualified cabin crew.

The net profit of China Fishery, another subsidiary of Pacific Andes, also grew 7.9% to HK$153.7mn.

The Hong Kong Government published last summer the long awaited Competition Bill which is intended to introduce a general competition law in Hong Kong.

The rights of both the bank and borrower when it comes to non-financial covenant default will not remain a question anymore.

The Hong Kong benchmark may jump as much as 23 percent to hit 28,900 this year. This is fueled by the banking and property sectors, according to the Credit Suisse Securities.

New bank loans in the mainland during January hit US$182.89 billion, which overshot the central bank's cut-off target by at least 20 percent.

Hong Kong registered the highest annual office rents growth in Asia Pacific outranking Beijing, Singapore and Shanghai.