Hong Kong

The departure of Ina Drew, Chief Investment Officer at JP Morgan Chase, reminds us that things move fast and mercilessly in the world of business. She had been with the company for 30 years. But as the senior manager in charge of the London group (including the colourfully named “London Whale” trader) who made the disastrous bets that caused the US$2 billion debacle, she had to go.

Budget carrier AirAsia Philippines will begin flying to Hong Kong from the Philippines on July 19.

Hong Kong’s employers claim that paid paternity leave is a key reason for Europe’s massive economic woes today.

There is no need for the government to change the linked exchange rate system that has served Hong Kong well over the years.

Private residential building projects were the main contributors in the construction work increase.

Those willing to become members of Hong Kong’s electoral council are required to register at the relevant office in Hong Kong between July 10 and 25.

State-owned clean energy firm Huadian Fuxin Energy Corporation falls victim to the weak global economy.

The British company that owns Johnnie Walker, Smirnoff and Baileys is considering an IPO in Hong Kong.

It decreased by US$3.7 billion to US$291.9 billion at the end of May.

The collapse of its services industry and a substantial drop in demand from Asia are the greatest dangers faced by Hong Kong.

The government says it will introduce further measures to protect investors when appropriate.

A study found that Hong Kong managers measure a new hire's impact on the 1st year and then lose interest.

The Hong Kong and China Gas Company, widely known in the city as Towngas, plans to spend HK$10 billion to expand in China.

The Hong Kong branch of state-owned China Construction Bank Corporation plans to double its yuan-denominated assets.

In recent years, increasing attention has been given to the issue of work-life balance. Governments, institutions and individual businesses have recognised that achieving a healthy balance not only boosts workers' health and morale, but also their productivity, ultimately benefitting the business too.

The employment market in financial services in Hong Kong and China has been fairly moribund since the third quarter of last year, but when it comes to bonuses the picture is more complex: some employees enjoyed a rise; high-earning bankers suffered the worst decreases; and while firms generally managed expectations well, many employees ended up dissatisfied with the size and structure of their bonuses.