Hong Kong
Home sales in local secondary market falls 23%
The drop over the weekend follows the decline in global stock prices.
Home sales in local secondary market falls 23%
The drop over the weekend follows the decline in global stock prices.
Currency peg with the US dollar stays put
Hong Kong does not intend to make changes even with US’ recent credit rating.
Tender of 2-Year Exchange Fund Notes to be held on August 16
The Hong Kong Monetary Authority will hold a tender of 2-year Exchange Fund Notes on August 16, 2011 for settlement on August 17, 2011.
Pre-sale consent applications for residential developments await approval
Twenty applications for pre-sale consent for uncompleted residential units and three applications for pre-sale consent for uncompleted commercial development were pending approval by end of July.
Tender awarded for Hung Hom Bay site
A tender for a site at the junction of Hung Luen Road and Kin Wan Street, Hung Hom Bay Reclamation, Kowloon, Kowloon Inland Lot No. 11111, has been awarded to Janeworth Company Limited.
Labour Department to give briefing on Minimum Wage Ordinance
The Labour Department will organise a briefing on the Minimum Wage Ordinance on August 25.
Proposed road works in Sham Shui Po gazetted
The Government published a notice in the Gazette on the proposed road works in Sham Shui Po District.
Disciplinary action taken against two registered lift contractors
ThyssenKrupp Elevator Ltd and Chun Ming Engineering Co., Ltd were found guilty of negligence and misconduct by the Registered Lift Contractor Disciplinary Board.
Public engagement process on green buildings launched
The Council for Sustainable Development launched a public engagement process to encourage stakeholders and the public to get involved in energy saving and energy efficiency in buildings.
Tsang warns investor on market fluctuations
Financial Secretary, Mr John C Tsang, said that the Government would keep a close watch on developments globally, and continue to monitor the local market to ensure its smooth operation.
Knight Capital to close its Hong Kong office
The electronic trader will also lay off 6% of its global workforce.
AAC Technologies engages in Li-ion batteries technologies
The move will enable the company to develop new products having higher energy density and a longer life cycle.
Melco Crown Entertainment plans dual listing on SEHK Main Board
The move aimed to increase competitiveness, boost liquidity to shareholders, while providing the company with access to an additional source of capital.
Dah Sing Life launches recruitment and training centre
The insurer aims to support long term business growth by broadening talent pool.
Hang Seng Index adds 2 new indexes to its Corporate Sustainability Index series
Hang Seng Index also granted licence to Hang Seng Investment Management to launch new fund to track the Hang Seng Corporate Sustainability Index.
Hong Kong is the most expensive office location in Asia Pac
As office rents rose 3.9% qoq to US$122.03 per sq ft per year in 2Q11.
Regulator to hear only one IPO application this week
The China Securities Regulatory Commission is taking it slow with the review procedure.
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