News

Hong Kong to maintain housing curbs, says Tsang

Hong Kong to maintain housing curbs, says Tsang

Hong Kong will maintain curbs on the housing market even after the value of home sales dropped 50 percent in October from the same period a year earlier, Chief Executive Donald Tsang said.

HSBC’s profit jumps 50% to US$7.2b in 3Q11

In Hong Kong, profit-before-tax was up by US$100m, boosted by strong growth in the commercial banking and global banking market.

Hong Kong promoted in LA

Financial Secretary John Tsang lured US businesses to take advantage of Hong Kong's being a global financial hub.

Hong Kong and Malta sign tax treaty

Hong Kong's Secretary for Financial Services and the Treasury, Professor K C Chan, signed a tax treay with the Republic of Malta.

Hong Kong-listed Tingyi to acquire Pepsi’s bottling assets in China

Tingyi's beverage subsidiary, Tingyi-Asahi Beverages, will become PepsiCo's franchise bottler in the mainland.

SFC criticises Fidelity Worldwide Investment

And it has done so publicly with regard to Takeovers Code breaches.

Cathay Pacific launches freighter service to Zaragoza

The airline enters Spain for the first time with twice a week service.

Slow residential market sales in Hong Kong indicates coming downside risks

Research shows projection of luxury residential prices to fall by 13% and rentals to decrease by 3% over the next twelve months.

Hong Kong's Sept exports to fall by over 10%

Hong Kong's Financial Secretary John Tsang announced that Hong Kong's September export volumes are expected to fall more than 10 percent.

Economic uncertainty likely to persist, warns John Tsang

The Financial Secretary said Hong Kong must keep up vigilance against possible external shocks.

Pace of contraction in business activity eases for the first time in 3 months

Hong Kong’s slowdown is seen as beginning to lessen pipeline price pressures.

Home sales down in October

Number of sale and purchase agreements received by the Land Registry dropped 53.3%.

Whew!: Missing personal data of employees' compensation applicants found

The data remained intact with the envelope still sealed when found in Tuen Mun Hospital.

More must have dined out in the third quarter of 2011

This as the value of total receipts of the restaurants sector went up to $22.3b.

Government posts more than $5b deficit

Expenditure for the six months ending 30 September 2011 was more than $156b.

Trade Marks Registry finds inaccurate data

Internal audits of its register revealed inaccuracies blamed on human error.

Did you apply for employees’ compensation? Your personal data could be lost somewhere

The Police has been informed about a missing document containing personal data of people that applied for employees’ compensation.