Hong Kong

HKEx profit up 1% to $1.24b

HKEx profit up 1% to $1.24b

Chief Executive Charles Li said attracting international companies to list in Hong Kong continues to be one of their key strategic goals.

Hong Kong's economy forecast to grow 5% for 2011

Government economist Helen Chan reported a 4.3% YoY growth in the third quarter.

Hu reaffirms support to Hong Kong's stability, prosperity

The central government of China would spare no effort to maintain Hong Hong's economic stability and prosperity, said Chinese President Hu Jintao during a meeting with Donald Tsang, chief executive of HKSARC in Honolulu.

Yau Ma Tei light refreshment restaurant suspended from business

The Director of Food and Environmental Hygiene has ordered a light refreshment restaurant in Yau Ma Tei to suspend business for 14 days. The operator breached the Food Business Regulation by illegally extending his food business area and allowing staff to wash food utensils in an alley. The restaurant, located on the ground floor at 15 Temple Street, was ordered to suspend business from November 10 to November 23. "In September last year and August this year, two convictions on the breach were recorded against the food establishment," a spokesman for the Food and Environmental Hygiene Department said. "A total fine of $6,600 was levied by the court and 15 demerit points were registered against the licensee under the department's demerit points system. The contraventions resulted in the 14-day business suspension," he added. The licensee of the food premises also had a record of two convictions in June and September last year for illegal September last year for illegal extension of his food business. A total fine of $7,200 was levied and 30 demerit points were registered. The breaches led to business suspension for seven days from December 14 to 20 last year.

Kai Tak housing project adopts low carbon construction initiatives

Low carbon construction initiatives have substantially reduced carbon emissions during the construction stage of a major public housing project by the Hong Kong Housing Authority  at Kai Tak.

Shop raided for misrepresenting chilled meat as fresh meat

The Food and Environmental Hygiene Department raided a fresh provision shop in Ngau Chi Wan, Wong Tai Sin, which has been complained of for selling chilled meatas fresh meat.

Financial Sec ensures financial stability

Hong Kong is working towards financial stability in view of the importance of tackling counterparty risks across global financial markets, according to Financial Secretary John Tsang.

Dim Sum demand lessen benefit from buying yuan in HK

China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds. This in turn reduce the benefits from buying yuan in Hong Kong.

Chow Tai Fook to test market for IPO

The city’s stock exchange approved the listing plan of billionaire Cheng Yu-tung’s Chow Tai Fook Group, and the luxury retailer aims to list in Hong Kong next month.

Hong Kong's GDP may have grown 4% in 3Q11

It's a close call as the country may have narrowly missed a technical recession.

Lands Department awards tenders of 2 sites

Site at Shek Mun was awarded to Fancy Luck Development while residential site near 35 South Bay Road was awarded to Ultra Well Group.

Hong Kong domestic exports plunge 36%

The prices of goods re-exports rose 8.2% over the same period in 2010, while those of domestic exports rose 6.8%.

Buildings Department considers legal action against flat owners

There were 36 cases of flat owners employing unqualified people to conduct minor works, so far this year.

Government has no target for 5-day work week implementation

Although companies with a five-day work week increased from 36.5% in 2006 to 61.5% in 2010.

Research In Motion plans unveiling BlackBerry Curve 9360 in Hong Kong

The smartphone delivers the world’s best mobile communications and social experiences.

China Outdoor Media Group continues to secure renowned companies as strategic shareholders

Mandra Capital acquired 100,000,000 shares of COMG, holding 1.26% of the issued share Company’s capital.

Hong Kong workers at risk due to overwork

A study confirms most Hong Kong workers stay late and bring work home with them.