Hong Kong

Hong Kong and Shanghai improve ties

Hong Kong will back the establishment of the joint venture company of the Stock Exchange of Hong Kong, Shanghai & Shenzhen.

Hong Kong and Shanghai improve ties

Hong Kong will back the establishment of the joint venture company of the Stock Exchange of Hong Kong, Shanghai & Shenzhen.

HKMA grants licence to China Minsheng Bank

China’s ninth largest bank is the 153rd licensed bank in Hong Kong.

Visitor arrivals up 16.4%

Out of the 41.92 million arrivals, 28.1 million came from the Mainland.

Brace yourselves for a recession in 2012

Blame it on Hong Kong’s business activity that remained persistently weak from August to December 2011.

Property transactions nosedive to 5-year low

Transactions plunged by more than a third last year while prices remained stubbornly out of reach.

No corporate tax cut for long-suffering Hong Kong firms

There will be no corporate tax cut in the first-half of this year and probably in the second half, as well.

Are Hong Kong and China too close for comfort?

Chinese business has caught a virus that will be contagious to Hong Kong.

Hong Kong’s recovery unlikely to be swift: Hang Seng Bank

Economic growth is expected to ease to an average of 4%.

China includes Sino Oil and Gas’ project in 12th Five-Year Plan

The company’s Sanjiao coal bed methane project is dubbed as a core project in the plan.

Only for the brave: the Mainland’s still a tough market

The Chinese mainland has its problems but still offers business opportunities for Hong Kong businesses that can afford the uncertainties and risk.

Retail sales whacked by inflation

Inflation took some of the luster off a welcome rise in retail sales in November.

New year, new banknotes!

HSBC’s new HK$100 note will be in circulation starting January 11.

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3 S’s for business sustainability

Hong Kong, like other well-developed countries and cities, needs to work hard on “sustainable development” to create a better balance between the economy, environment and society. Businesses, whether small or large, have a clear role – and responsibility – to contribute to ensuring that Hong Kong’s status as a world class city is not jeopardized.

How to direct your workforce towards efficiency

Hong Kong’s infrastructure and transport industry faces external threats such as increasing competition from alternative gateways into China, including Shenzen and Guangzhou. At the same time, the industry must conquer human capital challenges such as the drain of highly skilled workers and a surplus of unskilled employees. This industry in Hong Kong must compete with cities in the region such as Singapore and Shanghai for highly skilled workers. Problems with pollution, high rental costs and a poor living environment are deterring many skilled expatriate and home-grown workers from living in Hong Kong. There is also a surplus of low-qualified or unskilled workers across the city state. Executives must now pursue a more comprehensive human capital strategy across these interrelated dimensions—talent, leadership, culture and organization structures. A human capital strategy helps put in place the right leaders to source, develop and direct the right workforce talent, supported by the right culture, organization and operating model. We believe they should: Create a more strategic HR organization. New success factors for HR have arisen in recent years. Managing talent across national borders is especially important, given the global nature of most large companies today; this includes enabling the businesses to operate consistently around the world, while also satisfying the legal requirements of individual nations. It’s also essential to have better metrics, which now means more than simply monitoring administrative costs. To be industry leaders, executives now must understand and measure the value of human capital itself—the total costs and investments in people.

Hang Seng loses a fifth of its value; prospects bleak

After losing a fifth of its value in 2011, the Hang Seng Index staggered into 2012 facing the stark reality of even more crippling losses.

Painful inflation nullifies wage increase impact

Inflation erased over half the value of wage increases that Hong Kong’s employees received in September 2011.