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Hang Seng Index jumps most in 2 years

Hang Seng Index jumps most in 2 years

This follows the US Federal Reserve’s promise to keep its benchmark interest rate at a record low at least through the middle of 2013.

HAECO’s profit up 25.7% to HK$425m

This is compared to last year's HK$338m.

HSBC to cut savings rate

The cut is for yuan deposits without tenure.

Sany Heavy Industry eyes HK$23b via Hong Kong IPO

The company aims to have its listing hearing by end August.

TCL Communication Technology’s profit up 56% to over HK$391m

The Chinese phone maker has a sales target of 50 million handsets this year.

Lifestyle International’s profit up 30.6% to HK$807m

The department store operator foresees the Hong Kong retail market to outperform that of the mainland.

Credit China profit up 127.1% to RMB58.5mn

Recorded turnover reached RMB105.6mn, 134.1% higher while profit attributable to owners of the Company amounted to RMB58.5mn.

China Rongsheng Heavy Industries inks 2 6600TEU containership deals

Accounts for 20% of total new orders of Chinese shipbuilders in 1H 2011 amid 42.5% slide in global new orders.

Household water usage to be ascertained

The Water Supplies Department is currently interviewing 1,000 households for the Domestic Water Consumption Study to ascertain how water is being consumed in Hong Kong households.

Funding applications invited for Guangdong-HK technology cooperation

The Hong Kong government invited applications for funding support for research and development projects under the 2011 Guangdong-Hong Kong Technology Co-operation Funding Scheme.   There are 23 technology areas under the first category, for which Hong Kong institutions can submit funding applications. The governments of the two sides will also jointly provide funding support for projects in 10 technology areas under the third category. The technology areas supported under the scheme are relevant to the needs of industry and will enhance economic development in the Greater Pearl River Delta region. The Commission is also inviting proposals for forward-looking and innovative applied R&D projects under Tier 3 of the Innovation and Technology Support Programme of the ITF.

Everbright Bank delays investor meetings

The meetings were supposed to promote its planned Hong Kong share offering.

China to issue 20 billion yuan bonds in Hong Kong

Its Ministry of Finance will start selling to retail investors on 18 August.

Home sales in local secondary market falls 23%

The drop over the weekend follows the decline in global stock prices.

Tender of 2-Year Exchange Fund Notes to be held on August 16

The Hong Kong Monetary Authority will hold a tender of 2-year Exchange Fund Notes on August 16, 2011 for settlement on August 17, 2011.

Pre-sale consent applications for residential developments await approval

Twenty applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial development were pending approval by end of July.

Tender awarded for Hung Hom Bay site

A tender for a site at the junction of Hung Luen Road and Kin Wan Street, Hung Hom Bay Reclamation, Kowloon, Kowloon Inland Lot No. 11111, has been awarded to Janeworth Company Limited.

Labour Department to give briefing on Minimum Wage Ordinance

The Labour Department will organise a briefing on the Minimum Wage Ordinance on August 25.