Hong Kong

Total retail sales up 18.3% in 2010

Total retail sales up 18.3% in 2010

The sales volume of miscellaneous consumer durable goods registered the highest growth.

Research: 30% of HK households may not afford private housing

Thirty of Hong Kong incomes are sandwiched between private housing and the government's public rental housing. This trend is expected to continue for the next 20 years.

Hong Kong tops The Globalization Index

Singapore was overtaken by Hong Kong as the most globalised economy in the world.

$41.8bln surplus recorded in December 2010

The surplus in December was mainly due to the receipt of $33.8 billion in investment income on fiscal reserves.

Firms switch from GEM to main board

More firms are making the switch from the Growth Enterprise Market to the main board this year than last year. Most of them are small and medium- sized enterprises.

Hong Kong property slowdown masks future growth

Hong Kong's property market is expected to grow after the Lunar New Year although it has slowed down ahead of the festival.

HK Chief Information Officer Jeremy Godfrey quits

Godfrey is known for his Digital 21 strategy and his commitment to enhancing e-Government services, enriching the government IT programme and facilitating ICT developments in Hong Kong.

HK December Exchange Fund assets down $45.7bn

Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments.

Newtree Group profit down to HK$42mn

The group’s listing on the Main Board of HKSE and access to international capital markets lays a solid foundation for the Group’s long term development.

Minmetals Land acquires HK$1.2bn in Jiangning district, Nanjing City

The 179,000 sq.m. lot is located in the Science Park with mountain landscape and lake view.

Hongkong Electric Holdings name change gets approved

Shareholders of Hongkong Electric Holdings Limited approved a proposal by the Board of Directors to change the name of the Company to "Power Assets Holdings Limited", providing an identification which is in line with the Group's business development.

ADB supports China WindPower in developing 800MW Wind Power projects

The project will be financed in part from the proceeds of ADB’s 1.2bn Renminbi-denominated bonds issued in Hong Kong, China in October.

Lenovo and NEC form JV

Companies also exploring strategic cooperation in other areas as the JV aims to create Japan’s largest PC group.

Norton Rose names Ji Liu new Hong Kong corporate finance partner

Ji’s extensive US securities law experience eyed to reinforces the company’s ability to cover US law aspects of securities offerings in the region.

Hong Kong banking sector remained resilient in 2010

Total loans recorded a 28.6% increase last year, according to Hong Kong Information Services Department.

New Times Energy’s Argentina concession begins producing oil

New Times aims to use sees revenye from concession will be important in offsetting the costs of its upcoming 2011 exploration drilling program.

A decade of dedication to financial solutions that care

For almost a decade, Altruist Financial Group Limited (Altruist) has served the financial planning needs of 50,000-plus individuals and families charting their path to a happy retirement, supporting the education of children, and building up savings for medical expenses in the event of an accident or sudden, unexpected illness.