Hong Kong
Hong Kong economy seen to grow by 5.7%
Hong Kong economy seen to grow by 5.7%
Yet growth expected to ease on as global economy decelerates while assets will heat up.
Hong Kong is a favourable relocation destination for expats
Nearly 9 in 10 Hong Kong-based expats found it easy to travel around locally, while 58% of HK respondents say it was easy to find accommodation.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
Lee & Man Paper profit up 3% to HK$839mln
The company to engage in capacity expansion plan in China as it starts operation of three new production lines there.
HK sets three-month trial for new electric cars
Toyota Prius Plug-in Hybrid trial is part of a global testing scheme to make Hong Kong a electric-vehicle-friendly city.
Cathay Pacific and Dragonair reduces carbon emissions
Sister companies brought environmental,social benefits to Pearl River Delta by buying 30,000 tonnes of carbon-emission reductions.
Mercer strengthens Human Capital consulting leadership in Asia Pacific
The company appoints Brenda Wilson, Hans Kothuis, Kate Bravery, Roland Ruiz to beef up operations in the region.
Chun Wo starts construction of HK$710M sewerage project
The company uses tunnel boring machine to excavate by trenchless method to construct Tuen Mun Western Trunk project.
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
Dragonair expands network with Sendai and Okinawa
Addition of two Japan destinations aims to position Hong Kong as an international aviation hub.
SK E&S increases stake in China Gas
The South Korean natural gas operator currently holds 9.44% of the issued shares of China Gas.
Government keen on Science Park Phase 3 development
The Innovation & Technology Commission formed the $200mln Research & Development Cash Rebate Scheme to help enterprises.
October building sales registration down 11.7%
Yet the number of searches of land registers made during the month was 518,029 up 6.1%.
OOCL launches Mobile Rates of Exchange
The service enables customers to access inbound and outbound rates of exchange for a particular port through mobile phones.
NAR issues US$10mln and US$3mln convertible bonds
Proceeds will be used for NAR's general working capital, the acquisition of iron concessions in Mongolia and other acquisitions.
Exchange Fund yields $74bln in third quarter
Yet the Monetary Authority expects a lower income from the bonds market in the fourth quarter.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
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Commentary
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