Hong Kong
Retail sales up slightly but disappoint heavily
The Lunar New Year did spike retail sales but not enough, according to some analysts.
Retail sales up slightly but disappoint heavily
The Lunar New Year did spike retail sales but not enough, according to some analysts.
Somewhat fewer millionaires in Hong Kong last year
The number of millionaires in the city seems to have dwindled somewhat due to the tough times.
Prudential headed for Hong Kong?
Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased pressure on its balance sheets.
Bank capital adequacy ratio on the rise
The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.
Hong Kong’s retail rental market sees 12% growth
Yet downside risks are expected due to global economic slowdown and the potential changes on the taxation and policy front by the mainland authority.
Cathay Pacific receives new Boeing 777-300ER
The aircraft will feature new premium economy product and long-haul economy class seats.
Melco Crown Entertainment appoints Ying Tat Chan as sole COO
Mr Ying's ex-co-COO, Nicholas Naples has departed from the Company.
Hang Seng Bank CEO resigns
Margaret Leung will be replaced by Rose W M Lee, Advisor, China and Hong Kong, HSBC.
Lee & Man Chemical profit up 78% to HK$637mn
The spin-off enabled the company to focus on the development of chemical business and provided investors clearer view on the operating and financial position of the chemical business.
HKRH six months profit up 144% to HK$22mn
The company's turnover soared by 78% to HK$2.1bn.
MEC and Xinwen Mining Group join forces
The agreement includes provision of consultancy services on MEC’s Khushuut operation to increase operational efficiency.
HSBC confident of strong growth in 2012-2013
Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping start.
Jersey and Hong Kong to do more business
The Bailiwick of Jersey in the English Channel and Hong Kong have signed a Double Taxation Agreement to avoid double taxation and prevent fiscal evasion in both states.
Housing still mired in the basement
New mortgage loans approved in January fell 32% to $6.1 billion compared with December.
Trade falters yet again
As expected, the balance of trade in January fell— but much sharper than expected.
Despite out-of-this-world rents, Hong Kong is businesses’ capital city
We talk of Hong Kong’s sky high rents and property prices as if they were investment killers. Surprisingly, a recent global survey shows that’s really not the case.
Relentless business rent rise to abate this year
Yes, it’s possible for business rents in the most rent-expensive country in the world to become somewhat cheaper.
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