Hong Kong
Exchange Fund total assets up by $4.2bln
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
AV Concept further acquires shares in Wavesquare and Accupix
Distributor becomes largest Wavesquare shareholder as it taps LED TV and 3D markets' potential growth.
EPI and SinoPec start delivery of drilling equipment
Drilling machinery and equipment expected to arrive at Buenos Aires in early October.
OOCL increases rate on Southeast Asia-Australia services
Rate up to US$300 per TEU to ensure high quality services to the region.
Foxconn International loss balloons at $143mln
Sales rose to $3.23bln from $3.16bln despite Nokia's reduced phone orders behind falling demand for smartphones.
Wharf profit up 28% to HK$4.2bln
Growth attributed to rising retail rents as company among top investors' picks with more conservative portfolio.
PetroChina profit up at $4.82bln
Despite earning from producing 439.1 million barrels, oil producer still missed forecast.
Hong Kong: A liquidity boom underpins a credit revival
Excess liquidity and very low interest rates will likely prevail given the potential for more capital flows into Hong Kong, according to Macquarie Research.
HK & China Gas profit down 1% to HK$2.97bln
Company continues to look for mainland gas projects with its China unit's profit up 34%.
OOIL posts first half profit at US$1.28bln
OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels.
New BlackBerry App World available in Hong Kong
BlackBerry App World continues to grow with catalog of applications that further enhance the BlackBerry experience.
Bright Smart's IPO 163 times subscribed
HK$237mln offer with price fixed at HK$1.60 per share primarily used to develop securities business.
NAR strikes long term deal with Sinosteel Trading
Strategic partnership aimed to broaden channel for the iron ore product sales.
Sotheby’s Hong Kong to offer the Bordeaux Collection
The quality and volume of auction estimated to fetch in excess of HK$27.3mln.
Renminbi appreciation may reduce HK dollar demand
The European debt problems and Mainland's policy tightening might cause some slowdowns in HK economic growth.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
HSBC names executives in Asia Pacific global forex team
Lender combines global expertise with its local insight to deliver unique global FX offering throughout region.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong
Hong Kong universities drive market shift: strategic acquisitions for student housing
Innovation at a Crossroads: Hong Kong's Needed Tech Transformation