Hong Kong

September renminbi deposits up 14.5%

September renminbi deposits up 14.5%

HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.

Companies Registry produces $141m surplus

107,416 new companies were incorporated during the year as technology shortened the process of starting a business.

Electrical & Mechanical Services Trading Fund reports $4bln revenue

The trading fund expects its business to remain steady as its post return on revenue at 11.8%.

HSBC appoints Rakesh Bhatia Global Head of Trade and Supply Chain

Michael Young to succeed current Bhatia’s role as lender’s Country Head and CEO in Indonesia.

HK and India agree to expedite tax-cut plan

Chief Executive Donald Tsang invited Indian companies to list in HK bourse as he asked Indian authorities to consider granting visa-free access to HK visitors.

Automated Systems profit up 83.7% to HK$17.8mln

Company expects supply and distributor agreements signed with Teamsun to enhance efficiency and sales capabilities.

Survey shows climate change top concern in Hong Kong

Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.

September total exports up 24% to $280.2bln

A trade deficit of $24.4bln, equivalent to 8% of the value of imports of goods, was recorded in September.

Dragonair eyes to recruit 300 more flight attendants

The third recruitment day this year to cope with the increasing passenger volume and flight frequency.

Bank of Communications to launch HK private banking

The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.

US quantitative easing seen to boost HK asset prices

Yet HK chief executive’s address offered very few measures in curbing near-term property price advances.

Short-haul and long-haul flight surcharges up 8% and 3%

New rates enable carriers to partially recover operational costs due to fluctuations in aviation fuel prices.

Hong Kong and France agree to avoid double taxation

Tax pact was also made with 14 countries as HK opens expansion opportunities to French companies.

HSBC introduces new Private Banking leadership teams

The lender announced replacements of heads of North Asia, South East Asia, and EMEA regions.

Mild housing measures help clear policy overhang

Fundamental price drivers like too much market liquidity and low interest rates will remain unchanged even with the new housing measures put in place by the HK government, the Deutsche Bank AG/Hong Kong said Thursday.

China Mobile third quarter profit flat at 29.65bln yuan

China has low mobile penetration compared to developed economies that stifles growth of its telecommunication companies.

Sino-Life launches funeral services deed in Hong Kong

The company to pioneer in HK the service popular in Europe, US and neighboring countries.