Hong Kong

Cathay Pacific fuel surcharge to rise 11% in February 2011

Cathay Pacific fuel surcharge to rise 11% in February 2011

The Civil Aviation Department has approved passenger fuel surcharge increases for Cathay Pacific and All Nippon Airways for February.

HSBC appointed Ronald Tham as Global Banking's Head of Coverage and Family Office in Hong Kong

The series of senior appointments in HSBC's Global Banking team is seen to strenthen their existing Global Banking platform.

284 companies invested in Hong Kong in 2010

Invest Hong Kong beat its annual target for the number of completed projects for the 10th year in a row.

Salaries in HK seen to increase by 3.8%

A survey reveals employees in pharmaceutical & healthcare industry will see the biggest pay increases among all industries.

Minmetals Land contracted sales up 450% to RMB2.57bn

The company has also achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively.

Lenovo sets up new mobile internet business group

The new group aimed to focus on tablets, smartphones and smart TVs as the company sees potential of mobile internet.

HK labor market conditions improve at year-end

Solid economic growth in line with ever-expanding opportunities for Hong Kong service exports upon China's increasing globalization would further improve labor conditions.

HK total goods exports up 9.8% in November

The total export volume to the Mainland, US and Japan was up 11%, 10.7% and 4.6% respectively from November 2009.

Kingdee names Feng Guohua group president

Feng to lead a new four-year development strategy that would transform Kingdee from a software company to an integrated management and IT solutions service provider.

StanChart promotes renminbi products and services via roadshow

The move will cover an array of topics including renminbi overview, crossborder trade settlement, renminbi trading and bond offerings, as well as hedging and investment opportunities.

Capital-works spending to reach $49.6bln

Capital-works spending is seen to provide 62,500 job opportunities, including 6,600 for professional and technical staff, and 55,900 for workers.

Hong Kong launches pilot scheme to boost renminbi growth

Hong Kong to capitalize focus of the global economic growth in Asia in the coming five years.

HK Exchange Fund foreign assets up $13.1bn

Hong Kong’s private sector claim amounted to $127.8bn while foreign liabilities stood at $300mn.

AirAsia inaugurates Hong Kong – Medan flight

The airline connects Hong Kong to one of the booming tourist spots in Indonesia.

Oil storage renewal fees to jump to $24,550

The Government is planning to revise the license fees for oil storage installations.

HK airport passenger traffic up 10.3% in 2010

Hong Kong International Airport passenger traffic grew to 50.9 million with growth mainly driven by visitor traffic.