Hong Kong
Hong Kong RTGS incorporates real-time features to SwiftNet
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
Asia-Pacific fund managers bullish on equities
Half of fund managers with overweight view on equities yet cautiously optimistic towards Greater China.
Construction work gross value up 7% to $28bln
Residential projects have largest share with $6.4bln in second quarter but down 3.8% in nominal terms.
Broadcasting Authority backs Asia Television shareholding changes
Agency reminds ATV to respect all statutory requirements and licensing conditions pertaining to management and control.
Second quarter service industries' receipts rise
Yet financing and banking industries recorded slight drops of 2.7% and 0.3% in business receipts.
Combined Cathay Pacific and Dragonair August passengers up 9.7%
August cargo traffic not quite as strong as the previous month in terms of volume.
NAR issues US$33 million convertible bonds
Estimated HK$243mln proceeds to be used for acquiring iron concession in Mongolia and facilitate future acquisitions.
Shanghai Pharma to raise $1.2bln via HK IPO
Company to offer 25% stake to fund acquisition of rivals and sales networks.
Vodafone divests China Mobile stake for $6.5bln
Sold 642.9 million shares for HK$79.20 after its value doubled and deemed minority holdings insignificant.
Hong Kong's finance industry faces talent shortage
91% of employers in Hong Kong’s finance industry report skills shortage in finance and accounting.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
RIM introduces BlackBerry Curve 3G in Hong Kong
New addition to BlackBerry Curve series is fast, easy-to-use, richly-featured and BlackBerry 6 ready.
HSBC Chairman Stephen Green to step down
Accepts invitation of UK Prime Minister to become UK Minister of State for Trade and Investment.
Hong Kong companies up to 1.5mln
Electronic incorporation and one-stop service for company incorporation and business registration to lessen registration time.
Sino Land profit up 63.3% to HK$6 billion
The 63.3% increase was in comparison with the HK$3.7 billion profit for the previous financial year.
Ede Road lot up for auction
The 2,808 square metre lot at 3 & 5 Ede Road in Kowloon Tong will be auctioned for a minimum guaranteed bid of $1.053 billion.
Employers hold firm grip over salary negotiations
77% of Asia Pacific finance professionals surveyed believe employers control salary negotiation.
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