Hong Kong

China Everbright Bank may postpone its initial IPO date

Market sources say this is due to market volatility.

China Everbright Bank may postpone its initial IPO date

Market sources say this is due to market volatility.

Land to be supplied for 20,000 residential units

Three development projects will invite tenders within 2011.

Cathay Pacific launches Abu Dhabi service

The airline provides enhanced access to China, UAE’s second largest trade and economic partner.

United unveils first mobile boarding pass in Hong Kong

Carrier introduces travel experience that enhances convenience of customers flying from Hong Kong.

HKAB to implement new set of credit card reforms

Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.

Competition among publishers sought through textbook review

Under Secretary for Education Kenneth Chen says the Government will improve the inspection of textbooks to lower the threshold for new textbook publishers. Introducing competition in the textbook industry will provide better quality and more reasonably priced teaching materials to schools.

HK signs customs pact with South Korea

Commissioner of Customs & Excise Richard Yuen today signed agreed minutes for closer co-operation with Korea Customs Service Commissioner Yoon Young-sun.

Minmetal Land’s five month contracted sales soars 400% to RMB2.1bn

The developer plans to construct 1.79mn sq.m GFA this year, most of which are to be launched in the second half of the year.

Dragon Crown’s Hong Kong Public Offer shares 38.5 times oversubscribed

The estimated HK$275.1mn net proceeds from the Global Offering at fixed price of HK$1.10 per share will be used for phase 3 of its Nanjing development.

Cathay Pacific names Philippe de Gentile-Williams Director of Service Delivery

The airline also made other key appointments within itself and its subsidiaries apart from de Gentile-Williams’.

Government sold its two auctioned sites for $11.95bn

Lot at Borrett Road on Hong Kong Island was sold to Bristow Investments, while lot on Ping Kwai Road was sold to Great Art Investment.

Hong Kong sells Hung Hom Bay site for public tender

The lot, with a gross floor area of between 32,887 sq.m., and 54,812 sq. m. has a minimum guaranteed bid of $2.14bn.

First quarter total port cargo flat at 62.7mn tonnes

Hong Kong’s seaborne cargo up 3% to 43.2mn tonnes, while river cargo down 6% to 19.5mn tones.

Comba Telecom supplies 4G network equipments in the Middle East

The company to provide LTE equipment including indoor and base station antennas as well as 3G antennas for the mobile operators’ customers.

Hong Kong economy shows more signs of overheating--Hang Seng

Despite growing economic growth of 7.2% in the first quarter, business has become less willing to commit investment spending, as companies see more challenges ahead, according to a Hang Seng report.

Xinyi Glass completes trial run of Tianjin float glass production line

The production line is one of the largest in terms of production, which has a daily melting capacity of 1,000 tonnes.

AEON Stores opens AEON MaxValu Prime

The supermarket targets customers seeking quality living and trendy lifestyle as it offers the best and most comprehensive food, fresh products, and goods from different countries.