Hong Kong

American Express appoints Yat-Chung Koh as President of its consumer card business in Asia

Prior to this appointment, Koh ran the American Express’ consumer card businesses in Greater China and Southeast Asia markets.

American Express appoints Yat-Chung Koh as President of its consumer card business in Asia

Prior to this appointment, Koh ran the American Express’ consumer card businesses in Greater China and Southeast Asia markets.

Care to go shopping at Pedder Street?

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

Hong Kong slammed by downside risks to unemployment

Standard Chartered doesn’t expect unemployment rates to improve - but how bad was it last August-October?

HKMA steps up its Mainland business monitoring

The aggregate exposure of Hong Kong's banking sector to non-bank Chinese entities up up 60% to $1.622tn at the end of 2010.

Pay increase in Hong Kong seen to rise in 2012—survey

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.

SWD corrects computer glitch affecting long term care services

The Social Welfare Department staff confirmed the veracity of a report involving an elder whose allocation of service was delayed by about six months. 

Asean to ascertain effects of Hong Kong's entry to free trade area with China

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

IMF lauds HK's exchange rate system, policy framework

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.

Outlook for Hong Kong’s growth cloudy: UBS

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

Hong Kong continues to be the most expensive office location in Asia Pac

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.

Don’t be fooled by Hong Kong's strong sales growth in 2011

UBS says 2012 will see sales growth 'coming back to earth' due to these three reasons.

Transportation, storage and courier services sector receipts reach $486.5b

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

Hong Kong set to launch new banknotes

The two batches of the release of 3 denominations of the 2010 Series Hong Kong Banknotes will be on Nov. 22 and days before the Lunar New Year.

Sino Oil and Gas Holdings issues 312mn new incentive shares to Sanjiao Block

The move progresses as total reserves of Sanjiao Block CBM project exceed original estimates.

Gayety third quarter profit up 92.5% to HK$10.6mn

The restaurant chain’s revenue up 28.7% to HK$194.39mn.

Credit China forms JV at a consideration of HK$198.9mn

The move to capitalise on demand for small loan services and expand market reach to Chongqing.