Hong Kong
IMF lauds HK's exchange rate system, policy framework
Hong Kong's Linked Exchange Rate system and the government's policy framework to support growth and safeguard financial stability were strongly endorsed an International Monetary Fund Staff Mission.
IMF lauds HK's exchange rate system, policy framework
Hong Kong's Linked Exchange Rate system and the government's policy framework to support growth and safeguard financial stability were strongly endorsed an International Monetary Fund Staff Mission.
Outlook for Hong Kong’s growth cloudy: UBS
Even though the country narrowly missed a technical recession, it’s not out of the woods yet.
Hong Kong continues to be the most expensive office location in Asia Pac
Tokyo and Singapore lagged behind as prime office rents in Hong Kong reached US$122.33 per sq ft per year as of the third quarter of 2011.
Don’t be fooled by Hong Kong's strong sales growth in 2011
UBS says 2012 will see sales growth 'coming back to earth' due to these three reasons.
Transportation, storage and courier services sector receipts reach $486.5b
The 2010 figure represents a 25.8% increase in business receipts and other income.
Hong Kong set to launch new banknotes
The two batches of the release of 3 denominations of the 2010 Series Hong Kong Banknotes will be on Nov. 22 and days before the Lunar New Year.
Economic benefits of Hong Kong’s exhibition industry reach HK$35.8bn
Report showed the figure surged 18.6% from 2008.
Sino Oil and Gas Holdings issues 312mn new incentive shares to Sanjiao Block
The move progresses as total reserves of Sanjiao Block CBM project exceed original estimates.
Gayety third quarter profit up 92.5% to HK$10.6mn
The restaurant chain’s revenue up 28.7% to HK$194.39mn.
Credit China forms JV at a consideration of HK$198.9mn
The move to capitalise on demand for small loan services and expand market reach to Chongqing.
Warning says economy not out of the woods yet
This is despite Hong Kong managing to escape a technical recession.
Donald Tsang proposes visa-free access to US
US Secretary of State Hillary Clinton reportedly reacted positively to the suggestion.
Prada to buy 19.6% in Sitoy IPO
Prada, which raised over $2b in its Hong Kong IPO, will be a cornerstone investor in the local handbag maker’s offering.
October Exchange Fund foreign assets up $38.4bn
Foreign liabilities amounted to $400mn.
Sinopipe nine month profit up 6.3% to CNY47.9mn
Growth mainly due to higher revenue generated offset by the higher operating, financial and tax expenses incurred.
Cathay Pacific receives Rolls-Royce’s 1,000th Trent 700 Engine delivery
The airline is currently the world’s biggest operator of the engine.
Visa-free access to US proposed
Chief Executive Donald Tsang has asked the US to grant visa-free access to Hong Kong SAR passport holders.
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