News
Shangri-La to open Traders Hotel in Chennai
The development will include a mall, office block and the 246-key hotel along with 52 service apartments set to open in 2012.
Shangri-La to open Traders Hotel in Chennai
The development will include a mall, office block and the 246-key hotel along with 52 service apartments set to open in 2012.
Hong Kong unemployment rate down 4.1%
Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.
S&P raises Hong Kong ratings to AAA
The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.
China completes RMB8bln bonds issue in Hong Kong
Success of the move showed HK investors’ confidence in the sustainable development of the China's economy.
Hong Kong domestic exports up 5.7%
While the volume of Hong Kong's re-exports of goods in October rose 9% on the same month last year.
Hang Seng Bank keen on setting up China wealth management unit
The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.
Regulator approves Bank of East Asia's 11% stake buy in small Chinese firm
Acquisition of 11% stake in Golden Eagle Asset Management will provide BEA increased exposure and direct entry to the local Chinese market.
HK Buildings Department received 3,741 complaints
In the past five years, the department issued 14 orders to prohibit changes in the use of buildings which constituted obvious or imminent danger to life and property or serious environmental nuisance.
Swire Properties and HKR International ink RMB8 Billion loan facility
The raised capital will be used for Dazhongli project in Shanghai’s Jing’an district with a planned gross floor area of approximately 323,000 sqm.
Hong Kong's gross national product up 7.9%
The gross domestic product, estimated at $453.9 billion, recorded a 9.5% increase.
Manufacturing industries' production index up by 5.4%
Following a 2.2% y-o-y increase in the second quarter, according to the provisional results of a survey the Census & Statistics Department released today.
Airline passenger number up by 8.7%
Cathay Pacific and Dragonair carried a total of 2,181,995 passengers in November.
HK economy forecast 5% increase
Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.
2011 Hong Kong annual inflation forecast at 4%
Food price inflation may rise to 7% in 1Q11 should inflaton in China worsen.
Hong Kong Stock Exchange dominates global IPO markets
The HKEx has raised in the first 11 months of 2010 US$ 61.2 billion in 74 IPOs or 24% of the total global IPO value so far.
Foreign currency reserve assets down by US$1bln in November
Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.
Moody's maintains stable outlook on Asian utilities
High levels of government ownership in the sector bolster ratings behind support from the government and strong access to the domestic capital and bank markets.
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Commentary
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