News
Asia Pacific fourth quarter accelerated office rent up 1.5%
Consumers' expectation of continued rental catch-up bolstered booming investment demand.
Asia Pacific fourth quarter accelerated office rent up 1.5%
Consumers' expectation of continued rental catch-up bolstered booming investment demand.
Steering Committee strengthens property sale regulation
Misrepresentation and the dissemination of false information are key areas that will be discussed.
Hong Kong Exchanges open to international alliances
Hong Kong Exchanges is open to international alliances as a wave of consolidation in the sector threw the spotlight on Asian bourses.
Huadian to list new energy business on HK bourse
China Huadian Corporation plans to list its new energy business on the Hong Kong Stock Exchange. This follows after the public listing of China Datang Corporation Renewable Power. CHD intends to inject its hydroelectric, wind and photovoltaic power generation assets into one company which is expected to raise as much as US$1.5 billion in the Hong Kong bourse. CHD has diversified new energy businesses including marsh gas biomass power generation in Hubei, hydroelectric power in Fujian, and natural gas in Guangzhou. If the public listing is successful, it would become the sixth publicly traded company owned by CHD.
Mainland beats Hong Kong in largest holder of foreign currency reserves
Hong Kong ranked ninth as its currency reserve assets amounted to US$273.2 billion at the end of January 2011.
Total retail sales up 18%
Last year’s total retail sales rose 18.3% in value or 15.5 per cent in volume over 2009, the Census & Statistics Department says.
HK government vows to support tourism
Hong Kong is committed to tourism development and will invest in new facilities, attractions and tourism infrastructure.
Flat sales fall 16%
The number of sale and purchase agreements for all building units in Hong Kong's Land Registry in January was 9,917. It is down 15.9% from December, and 19.9% year on year. The total consideration of sale and purchase agreements was $59.1 billion, up 10.6 per cent from December and 32.1 per cent on January last year. Of the agreements, 8,002 were for residential units, down 14.2 per cent from December and 24.9 per cent on January last year. The total consideration for sale and purchase agreements in respect of residential units was $33.3 billion, down 16.5 per cent from December and 7.8 per cent from January last year. The 12-month moving average for January was 13,356, which was 1.5 per cent below the 12-month moving average for December, but 14 per cent above that for January last year. The number of searches of land registers made by the public was 502,271, up 10.5 per cent compared with December and 1.7 per cent on January last year.
Exchange Fund assets drop $45.7B
Total assets of the Exchange Fund amounted to $2.3457 trillion at the end of December, down $45.7 billion on November.
Facebook opens advertising office in Hong Kong
Facebook announced Tuesday the opening of its Hong Kong sale office. It will provide support for brands, agencies and companies in Hong Kong and Taiwan.
2 pre-sale consents issued in January 2011
One pre-sale consent is for a residential development and one for commercial.
Yuan deposits to occupy 22.5% of total deposits by 2015
Hong Kong is set to become the first and largest recipient of CNY denominated ODI flows.
Hong Kong PMI jumps to 55.2 in January 2011
The current reading is an improvement from the 55.0 posted in December 2010.
Dragonair workforce expansion underway
A walk-in interview session is being offered by Dragonair to look for new qualified cabin crew.
Flat sales down 15.9% in January 2011
The number of sale and purchase agreements for all building units received for registration in January was 9,917.
Bank loans overshoot January target
New bank loans in the mainland during January hit US$182.89 billion, which overshot the central bank's cut-off target by at least 20 percent.
Crazy Hong Kong office rents skyrocketed 33% in 2010
Hong Kong registered the highest annual office rents growth in Asia Pacific outranking Beijing, Singapore and Shanghai.