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HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.
HSBC launches real-time online retail bond trading platform in HK
The platform offers wide range of bonds and CDs with subscription amount as low as HK$50,000.
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Hong Kong is a favourable relocation destination for expats
Nearly 9 in 10 Hong Kong-based expats found it easy to travel around locally, while 58% of HK respondents say it was easy to find accommodation.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
Cathay Pacific and Dragonair reduces carbon emissions
Sister companies brought environmental,social benefits to Pearl River Delta by buying 30,000 tonnes of carbon-emission reductions.
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
Dragonair expands network with Sendai and Okinawa
Addition of two Japan destinations aims to position Hong Kong as an international aviation hub.
OOCL launches Mobile Rates of Exchange
The service enables customers to access inbound and outbound rates of exchange for a particular port through mobile phones.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
September renminbi deposits up 14.5%
HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.
Companies Registry produces $141m surplus
107,416 new companies were incorporated during the year as technology shortened the process of starting a business.
Electrical & Mechanical Services Trading Fund reports $4bln revenue
The trading fund expects its business to remain steady as its post return on revenue at 11.8%.
Survey shows climate change top concern in Hong Kong
Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.
Dragonair eyes to recruit 300 more flight attendants
The third recruitment day this year to cope with the increasing passenger volume and flight frequency.
Bank of Communications to launch HK private banking
The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.
Short-haul and long-haul flight surcharges up 8% and 3%
New rates enable carriers to partially recover operational costs due to fluctuations in aviation fuel prices.
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