Hong Kong
Hang Seng loses a fifth of its value; prospects bleak
Hang Seng loses a fifth of its value; prospects bleak
After losing a fifth of its value in 2011, the Hang Seng Index staggered into 2012 facing the stark reality of even more crippling losses.
Painful inflation nullifies wage increase impact
Inflation erased over half the value of wage increases that Hong Kong’s employees received in September 2011.
Lull in China’s economy to hurt HK’s commercial property sector
With 35% of Hong Kong’s total retail sales coming from mainland Chinese visitors, the city-state is bound to suffer if China’s economic woes continue.
Hong Kong posts $1.5bn deficit
Scheme $6,000.expenditure boosted the deficit.
Kai Shi China lists on the Main Board of HKEx
The company plans to raise up to HK$180mn by international placing and Hong Kong IPO of 150mn shares.
Dragonair backs air services arrangement between Hong Kong and Taiwan
The ASA seen to provide better opportunities in strengthening Hong Kong’s position as an aviation hub.
Renminbi deposits in Hong Kong up in November
There was a 1.4% increase while Hong Kong dollar deposits jumped by 0.4%.
Anemic trade triggers economic worries in 2012
Hong Kong's rising trade deficit and stubbornly weak exports in November raise the prospects of tough times in 2012.
Government faces fight for electricity tariff hikes
CLP Power already reduced its planned increase from 9.2% to 4.9%.
Merry Christmas and Happy Festivus
Ho ho ho!
Lands Department awards tender for hotel, residential sites
The hotel site was granted to Shangri-La Hotel and the residential site was awarded to Sky Target.
Balance of Payments surplus reaches a whopping $23.6b
This represents almost 5% of the country's gross domestic product.
HKMA backs China Development Bank's renminbi bonds issuance
The lender will be the first financial institution in China to make use of the platform to issue renminbi bonds.
Noble House (China) plans GEM Board of HKEx listing
The Chinese restaurant chain in the PRC targeting customers with strong purchasing power places 98mn shares at HK$0.55-HK$0.85 per share.
You won’t believe how many tourists went to Hong Kong in November
The total visitor arrivals in the first 11 months even surpassed the yearly total for 2010.
Take your pick: 5 housing sites up for grabs
It is estimated that the sites will provide 430 flats in the first quarter next year.
Hilong’s new drilling rig starts operation in Ecuador
The company expands rapidly in international oilfield services market.
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