Hong Kong

US firm Coach to list in Hong Kong

The leather goods maker forecasts sales in the mainland to grow as much as 62%.

Hutchison Whampoa’s wireless operator for sale?

Telecom Italia SpA is said to be considering acquiring 3 Italia SpA.

Beware of faster inflation, says economist

Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.

Hong Kong keen on China’s RMB20bn sovereign bond issue

The Mainland’s third bond issuance seen as support for Hong Kong's development as an offshore renminbi business centre.

Job fair held for rehabilitated offenders

 The Correctional Services Department held a job fair for inmates soon to be released.

Airport power savings in the works

The Airport Authority will replace lighting and upgrade air systems to cut carbon emissions by as much as 85%.

L.K. Technology inks HK$475mn syndicated loan facility

The group received strong vote of confidence from 13 respected international and local lenders.

Sustainable Forest takes over New Oasis

New Oasis’ contracts on hand for distribution and installation of flooring and wood products to large scale property developers totaled RMB120mn.

Buildings Dept steps up flat inspections

Flat owners and residents are advised to co-operate with the department to protect their own interests and public safety.

Lenovo acquires 51% of Medion stake

The move steps up the PC maker’s penetration into the Western Europe’s consumer market, particularly in Germany.

Hong Kong’s PMI rises to 51.4 in July

As new orders show resumption in growth.

HSBC's pre-tax profit up 16% to US$6.8b in H2 2011

And Hong Kong delivered delivered profits of US$3.1 billion, up 7%.

Hong Kong property: Creating opportunity out of adversity

There is a growing concern in Hong Kong’s private sector: The city is facing a crisis of quality office space whilst demand is continuously increasing. Predictions are that the annual average supply of new office space coming online over the next three years will be 50% of the past 15 year annual average, which will force rents upward. Hong Kong already has the most expensive office space globally by a significant margin, causing affordability issues and the latest research is showing that even Wanchai rents are now on par with central London.

Hong Kong flat sales fall by 37%

Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.

Report: HK among top 3 retail property investment destinations in Asia

Pacific Star Group listed Hong Kong among the top three destinations in the region for retail property investment long with Singapore and Kuala Lumpur.

Manufacturer recalls ostomy bags due to sterility problem

Coloplast found during routine product sterility test that a lot of samples of its Alterna ® Sterile Post-Operative ostomy bag failed.