In Focus
New IPOs welcome news for Hong Kong
Two mainland Chinese companies intend to raise some US$1.1 billion by making their initial public offerings in Hong Kong.
New IPOs welcome news for Hong Kong
Two mainland Chinese companies intend to raise some US$1.1 billion by making their initial public offerings in Hong Kong.
Pro-democracy parties prevail in LegCo election
Hong Kong's pro-democracy candidates rode a wave of strong anti-China sentiment to emerge with a small but decisive minority in the Legislative Council after Sunday's election.
Hong Kong to restrict foreign homebuyers
Hong Kong’s government has announced rules that will severely restrict non-residents from buying property in the city.
Universal suffrage in Hong Kong by 2017?
Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.
Hong Kong home sales still weak
The number of homes sold in the first seven months fell 22% to 46,910 from the same period a year ago.
HSBC expands prime services unit
HSBC Holdings Plc has bolstered its equities and prime services units with the appointment of nine senior executives to its Asia Pacific operations.
Hong Kong fiscal deficit jumps 200% to $21.6b
The government reported a massive deficit for first the four months of the financial year 2012/13.
IPO market keeps shrinking
Hong Kong’s stock as a major capital market took another hit when China Everbright Bank Company put its IPO on hold.
Hong Kong sues Ernst & Young
Accounting firm Ernst & Young faces a dilemma that could violate the laws of Hong Kong and China either way.
Mortgage loans application and approvals fall
Mortgage loans drawn down during July dropped by 20% compared with June, to $16.1 billion, said the Monetary Authority.
Check out Hong Kong property prices post Home Ownership Scheme
Home prices hit a record high of 106.85 index points.
Finance professionals not abandoning Hong Kong
Despite the tough times, 82% of financial professionals now in Hong Kong would rather stay put until the global financial crisis blows over.
4 in 5 finance professionals snub working abroad
But half of them are geared up to leave banking and move to other industries.
Hong Kong strengthens financial ties with the Mainland
A new securities company is seen as a milestone in strengthening securities cooperation between Hong Kong and China.
Credit card receivables rise 3.2% to HK$98.7
This is after decreasing 4.8% in the previous quarter, the Monetary Authority said.
Luxury apartment market losing tenants
Monthly rents for a house on Hong Kong Island’s south side go for HK$125,000 a month.
Swire Pacific’s net profit plunges 65% to $8.44b in 1H12
Blame it on the worse-than-expected first half results that hit its affiliate, Cathay Pacific Airways Ltd.
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