News

Hong Kong Customs seized about 1.15 million sticks of duty-not-paid cigarettes, worth about $2.9 million, with the duty potential of about $2 million, in an anti-illicit cigarettes operation.

 The State Intellectual Property Office and the Intellectual Property Department of the Hong Kong Special Administrative Region Government have signed their first agreement to strengthen co-operation in the area of intellectual property.

The Wu Ho Loo Ning Cataract Centre under the Hospital Authority Kowloon East Cluster is now ready to double the of cataract surgery performed in KEC by up to 5 000 cases annually.

You better be cashed-up as Hong Kong ranked second most expensive shopping destination.

Report showed average salary increase at 4.2% in 2011 and forecast at 4.6% in 2012 while performance bonus is at 20% of annual base salary.

Asean memebrs will study the economic benefits and implications of Hong Kong joining the Asean-China free trade area.

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.

Even though the country narrowly missed a technical recession, it’s not out of the woods yet.

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.

The 2010 figure represents a 25.8% increase in business receipts and other income.

Prada, which raised over $2b in its Hong Kong IPO, will be a cornerstone investor in the local handbag maker’s offering.

Foreign liabilities amounted to $400mn.

Chief Executive Charles Li said attracting international companies to list in Hong Kong continues to be one of their key strategic goals.

The central government of China would spare no effort to maintain Hong Hong's economic stability and prosperity, said Chinese President Hu Jintao during a meeting with Donald Tsang, chief executive of HKSARC in Honolulu.

Hong Kong is working towards financial stability in view of the importance of tackling counterparty risks across global financial markets, according to Financial Secretary John Tsang.

China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds. This in turn reduce the benefits from buying yuan in Hong Kong.