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The strong earthquake hit Japan, which prompted tsunami warnings, caused investor to be jittery that led to Hong Kong shares ending 1.55 percent lower on Friday.

The bank can now offer RMB conversion services, current and fixed deposit accounts, RMB-denominated unit trusts, currency linked investments and bonds.

Commodity and financial firms led the decline as Hong Kong shares ended 0.82 percent lower on Thursday.

The Housing Authority's  Commercial Properties Committee approved a plan to clear the Chai Wan Factory Estate and provide an ex-gratia allowance and other arrangements for the affected tenants. All arrangements will be the same as those for clearance of other old factory estates in the past.

The company targets expansion as it strengthens its leadership in shipbuilding industry while actively develops offshore engineering market.

The company has set up new factories in Nantong City to capture the region’s rising container demand as container prices are expected to rise in 2011.

Despite very low interest rates, Munich Re's 13.5 per cent return on risk-adjusted capital came very close to their target of 15 per cent.

The operating performance of Fubon Bank and its subsidiaries improved significantly, with full-year 2010 net profits of HK$266 million. The figure represents more than tenfold increase from the HK$23 million reported in 2009.

The HKTDC Hong Kong International Jewellery Show attracted a record number of 37,000 buyers in its five-day run at the Hong Kong Convention and Exhibition Centre.

Financial Secretary John Tsang says he believes the citizens support his revised Budget measures.

A $2,386 million contract has been awarded for for upgrading the Stonecutters Island Sewage Treatment Works.

The Food and Environmental Hygiene Department raided an unlicensed food factory in Canton Road near Argyle Street in Mong Kok, Kowloon. It arrested two women, aged 30 and 41, and seized about 300 kilogrammes of food and some cooking paraphernalia. The two women are now assisting with investigations. The unlicensed food factory operated by distributing takeaway order fliers under a fictitious name in the street. Meal boxes would be delivered to customers after orders were placed by phone. Under the Food Business Regulation, the maximum penalty for operating an unlicensed food factory is a fine of $50,000 and six months' imprisonment. "We will continue to take stringent enforcement action against unlicensed food business to ensure food safety and protect public health," an FEHD spokesman said.

Wind Power Generation in the same period triples to over 1.1bn Kilowatt-hours as aggregate wind power generation capacity in operation surged to 1GW.

The lender will invest HK$75mn to expand network in coming three years and additional 48,000 sq. ft floor space this year.

The site has an area of about 12,340 square metres and is designated for non-industrial purposes.

The company, a wholly-owned subsidiary of Dah Sing Financial Holdings, assigns Chief Executive Officer Eleonore Chow to lead business expansion.