News
Dragonair resumes flight to Shanghai's Hongqiao Airport
Dragonair resumes flight to Shanghai's Hongqiao Airport
Authorities agreed to open airport for flights between Hong Kong and China.
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
OOCL increases rate on Southeast Asia-Australia services
Rate up to US$300 per TEU to ensure high quality services to the region.
Foxconn International loss balloons at $143mln
Sales rose to $3.23bln from $3.16bln despite Nokia's reduced phone orders behind falling demand for smartphones.
Henderson profit down 37% to HK$1.32bln
Failed sales of 20 Hong Kong units pressure company to intensify sales in the second half.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
CLP now India’s largest wind developer
CLP's subsidiary in India will develop a 39.6 MW wind farm at Harapanahalli in the Davanagere district of Karnataka.
OOIL posts first half profit at US$1.28bln
OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels.
Bright Smart's IPO 163 times subscribed
HK$237mln offer with price fixed at HK$1.60 per share primarily used to develop securities business.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
McDonald's issues RMB bonds in Hong Kong
Multinational company’s sale of RMB200 million opens up more potential issuers to tap market.
HSBC China becomes market maker to trade RMB and Ringgit
Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.
BEA to use RMB bonds proceeds for expansion
Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.
Hong Kong Mercantile Exchange picks Greenline for FIX solutions
Greenline provides FIX testing and certification solutions to help quickly and efficiently onboard commodities trading firms.
Auction of 2 Kowloon sites may earn $6.25bln
Bidding to test developers' resolve after government has shown its determination to bring property prices down.
China's central bank opens bond market to Hong Kong lenders
Promotes development of renminbi trade settlement in Hong Kong and enhance its Renminbi offshore business.
Government to implement more property measures
Measures to control potential risks in the property sector include increasing land supply and curbing speculative activities in the property market.
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Commentary
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