Hong Kong

Sino Biopharmaceutical profit up 16.8% to HK$320mln

Sino Biopharmaceutical profit up 16.8% to HK$320mln

The company strengthens its quality control and product development to enhance the competitiveness of its products and brand.

MSCI China Index picks China Gas as constituent

The gas operator’s selection reflects the strong recognition of the company from the investment community.

Hong Kong employment back to pre-crisis levels

Hong Kong’s employment numbers is back above pre-crisis levels, with the labour force's still expanding.

ICAP Adds Hong Kong LME Desk

ICAP plc. expanded its base metals broking business with the addition of an LME desk in Hong Kong. ICAP also announced it has hired Jason Dobson to join the desk in Hong Kong.

Swire Properties completes 50% stake sale in PCCW Tower

The company was able to increase its holding in PCCW Tower from 20% to 50% that ensured a stable future for the building.

HSBC unveils Risk Controlled Greater China Fund

HSBC remains committed to providing customers with the most diligent investment solutions amidst market volatility of Hong Kong investors.

No ratings impact for HKCG's increased TCCL stake

HCKG’s acquisition of another 10.21 per cent of Towngas China Company has no impact on either company's ratings.

HK still far out of financial danger

CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.

Global shipping recovery to continue behind impending acquisitions

China and the rest of Asia Pacific’s shipping demand was seen as primary driver of global shipping growth.

Hong Kong maintains GDP growth by 6.8%

External trade contributes to Hong Kong’s GDP behind domestic demand and further expansion in intra-regional production activity in the Asian markets.

Valuetronics second quarter profit up 82.9% to HK$32.7mln

Revived customer demand to pre-crisis levels boost the company’s revenue to HK$914mln.

Monetary policy is working in Asia: HSBC

The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.

September goods re-exports volume up 19%

The highest export volume to Japan grew 22.9%, the highest, followed by Taiwan, 19%; and to China, 18.4%.

Luxury property transactions up 86% over $20mln

Financial Services & the Treasury Department issued tax assessments for the remaining 1,650 taxable cases, including $410mln in profits tax.

HK sets initial minimum wage rate at $28/hr

Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.

HK benefits from PRC’s bullish economy, clinches a ratings upgrade

Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.

IT professionals see employees to shop more online at work

Shopping online for more than 3 hours this holiday season expected to pose security risks to companies.