Hong Kong
HSBC launches mobile banking operations
HSBC launches mobile banking operations
Provides instant banking, investment and insurance services as it offer secure internet banking via mobile platform.
Mongolian Mining earns $650mln in HK IPO
Sources say company's shares priced at HK$7.02 each and valued at 12.6 times estimated 2011 earnings.
Sino-Life subsidiary strikes deal with Chongqing funeral parlor
Strengthens market penetration in Chongqing by providing leading five-star funeral service to the market.
Hong Kong Exchange appoints Yang Qiumei senior VP
Yang has extensive experience in Mainland as securities regulator executive supervising fund-management companies.
BEA Union Investment unveils website
Provides access to latest company updates and comprehensive product information to its retail and institutional customers.
Cathay Pacific and WestJet enters new code-share agreement
Move to expand flight services in HK and Canada a week after code-share service in US.
Exchange Fund total assets surges by $43bln
Foreign currency assets grew $24.2bln behind gains on foreign currency investments.
Professional services grant scheme opens
Grant funds projects aimed to increase Hong Kong's professional services' competitiveness, and enhancing the service standard.
Net FDI in Hong Kong improves
The country has historically run a large FDI flow deficit, noted HSBC.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Minmetals Land buys land in Huizhou for HK$870mln
977,000 sq.m. accessible land located in hot spring reserve and resort area suitable for high-end development.
OOCL hikes rate on North East Asia-Australia services
Freight rates increase to US$ 250 per TEU to ensure maintained quality service.
Goldman divests 2.75bln ICBC shares for HK$15.9bln
Sale to boost Goldman’s returns from 37% of its initial investment to about $4bln.
Swire Properties invests $800,000 in electric vehicles
Group buys 2 Nissan LEAF vehicles as it steps up drive to reduce carbon footprint.
Cathay Pacific signs code-share agreement with Alaska Airlines
Partnership expands Hong Kong carrier's reach in North America and increases overall passenger volume.
Mercedes-Benz launches StarElite
The sub-brand targets the premium used car market in Hong Kong through the StarElite Certified Pre-Owned Program.
Jason Brown joins North Asia Strategic as Non-Executive Director
NAS expects the Goldman Sachs executive to share his investment banking experience specialising in Asia.
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Commentary
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