Hong Kong
Monetary Authority suspends 2 traders
So Yiu-wing and Ng Chun-mi has been found to have intentionally circumvented Fubon Bank’s internal procedures to cover their mistakes in April 2007.
ACE Life transfers Asia Pacific office to Hong Kong
The company to tap the benefits it will receive in relocating regional office to one of Asia’s leading financial services hub.
Business leaders in the region meet in Hong Kong on global economic recovery
Outcomes of the discussions by CEO’s of companies in 7 countries will form a basis for business views being brought to the G20 Summit in November.
Hong Kong homes most expensive for billionaires
Homes purchased by billionaires in Hong Kong cost $10,360 a square foot, or double the price paid by billionaires in London.
Yuan falls 0.9% in Hong Kong
The currency traded in the city at record discount to the onshore exchange rate.
LPG prices to go down in October
Prices will drop 11 to 12 cents a litre.
Worst week since 2008 looms for Hong Kong shares
The Hang Seng Index, which closed down 4.9 percent at 17,912.0 points on 22 September 2011, was down 7.9 percent on the week.
3 airlines to cut fuel surcharges in October
But which airlines are these and by how much are they reducing the costs?
ACE Life Hong Kong launches ‘Y-5’ campaign and other enhanced services
The insurer introduced special premium promotion for the first 3 years for designated plans while enhancing its underwriting and claims services.
Overall consumer prices soar 5.7% in August
Inflation seen to rise further in the coming months due to surges in international food prices and private residential rents.
Second quarter Balance of Payments surplus reaches $19.6bn
Yet visible trade deficit in second quarter soared to $125.6bn.
PwC Hong Kong boosts asset management team
Developments in Asia’s fund management industry and offshore CNY market to fuel growth.
Xiao Nan Guo cancels Hong Kong IPO
The Chinese restaurants operator cited recent excessive market volatility as the reason for pulling out.
Former Morgan Stanley Executive Director joins HKEx
Sylvia Hoosen is now HKEx’s Senior Vice President and Head of Human Resources.
HKEx appoints Richard Leung as SVP and IT Division Co-Head
Mr Leung, currently Chief Technology Officer of Chi-X Global, will join HKEx in October.
Hong Kong property prices to anchor inflation expectations
Analyst says negative sentiment has clouded the property market with disappointing land auction results and major banks raising mortgage rates.
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