Hong Kong
MicroPort raises HK$1.5bln in Hong Kong IPO
MicroPort raises HK$1.5bln in Hong Kong IPO
Proceeds will be used to develop new products, acquire businesses and expand company’s production facilities.
HSBC to divest Asian wholesale banknotes business
UOB to acquire US$15mln operations that has 120 full-time employees located in major Northeast Asia cities.
Second quarter service activity output up 6.3%
Net output for construction sector up 16.3% behind surge in public-sector works.
Hong Kong's air pollution reaches record high
70% of Hong Kong respondents in an April Gallup survey showed dissatisaction with their air quality.
Cathay Pacific and Japan Airlines to expand code-share arrangements
Move to give passengers more flexibility and choice when travelling between Hong Kong and Japan.
NAR completes initial blasting of the Mongolia mine
Approximately 20,000 tonnes of iron ore in Oyut Ovoo readied for immediate trial production.
Minmetals Land and Vanke Beijing to acquire RMB336mln lot
280,000 sq. m. land in Xianghe to be developed modern eco-community to accelerate city’s urbanization.
Lippo Investments Management Hong Kong office opens
LIM’s investment team can screen over 6,000 ETFs listed worldwide using its 60 years experience.
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong GDP grows 5.9% to $413.5bln
China remains largest external factor income inflow source at 43.8% as GNP $17.6bln larger than GDP.
Dragonair launches new service to Shanghai's Hongqiao Airport
16 daily flights between Pudong and Hong Kong further strengthen trade and economic ties between cities.
HKRH’s subsidiary invests RMB18mln in China operations headquarters
Collaborates with World Gold Council to launch the “Only Gold” product series in China.
Crown hires Richard Marriott Immigration Quality and Compliance Manager
Company seeks to take advantage of Marriott's immigration compliance experience in Australia.
HKMC to launch premium loan guarantee scheme
Scheme will guarantee to banks of up to 70% combined loan-to-value threshold of the premium loan.
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.
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