Hong Kong

Hong Kong unemployment rate down 4.1%

Hong Kong unemployment rate down 4.1%

Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.

S&P raises Hong Kong ratings to AAA

The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.

China completes RMB8bln bonds issue in Hong Kong

Success of the move showed HK investors’ confidence in the sustainable development of the China's economy.

Hong Kong domestic exports up 5.7%

While the volume of Hong Kong's re-exports of goods in October rose 9% on the same month last year.

Hang Seng Bank keen on setting up China wealth management unit

The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.

Regulator approves Bank of East Asia's 11% stake buy in small Chinese firm

Acquisition of 11% stake in Golden Eagle Asset Management will provide BEA increased exposure and direct entry to the local Chinese market.

HK Buildings Department received 3,741 complaints

In the past five years, the department issued 14 orders to prohibit changes in the use of buildings which constituted obvious or imminent danger to life and property or serious environmental nuisance.

Hang Seng Bank changes board composition

The board appoints Mark Seumas McCombe and Sarah Catherine Legg as Non-executive Directors of the Bank.

Swire Properties and HKR International ink RMB8 Billion loan facility

The raised capital will be used for Dazhongli project in Shanghai’s Jing’an district with a planned gross floor area of approximately 323,000 sqm.

Hong Kong's gross national product up 7.9%

The gross domestic product, estimated at $453.9 billion, recorded a 9.5% increase.

Yip’s Chemical to establish research and development centre in Shanghai

Phase 1 of the company’s Zhangjiang Hi-Tech Park operation to start in the second half of next year.

Manufacturing industries' production index up by 5.4%

Following a 2.2% y-o-y increase in the second quarter, according to the provisional results of a survey the Census & Statistics Department released today.

Airline passenger number up by 8.7%

Cathay Pacific and Dragonair carried a total of 2,181,995 passengers in November.

HK economy forecast 5% increase

Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.

2011 Hong Kong annual inflation forecast at 4%

Food price inflation may rise to 7% in 1Q11 should inflaton in China worsen.

Bank of China completes H share rights issue

The bank’s total valid acceptances and applications representing 397.4% of the total number of H rights shares available.

Vale starts trading shares on the HKSE

Round the clock operation on HKSE targeted to boost Vale’s expansion of its business presence in Asia.