Hong Kong
ZTE profit down 12% to CNY769mn
Group posted revenue growth of 8.01% for carriers’ networks, 43.96% for terminal products and 42.29% for telecommunication software systems, services and other products.
ZTE profit down 12% to CNY769mn
Group posted revenue growth of 8.01% for carriers’ networks, 43.96% for terminal products and 42.29% for telecommunication software systems, services and other products.
Futong Technology down 24.5%to HK$30mn
Revenue from IT services provision up 162% as the company puts greater emphasis on IT Services, which paves the way for future growth.
Yip’s Chemical posts first half profit at HK$103mn
Despite profit drop, the group still optimistic to reach its annual turnover target of HK$20bn by 2015.
Herbert Smith appoints Mark Johnson as new head of Asia
As head of Asia, Johnson will chair the firm's Asia Executive Committee and take a lead role in the development and implementation of the firm's Asia strategy.
Insurance industry’s total gross premiums up 14%
Total gross premiums of the Hong Kong insurance industry amounted to $114.7 billion in the first half of 2011.
Government reports $2.2b deficit
Cited as the main reason are some major types of revenue mostly received towards the end of a financial year.
Lending spree: Loans and advances up 1.5% in July
Loans for use in Hong Kong rose by 0.7% compared to June 2011.
Yuan deposits in Hong Kong up 3.4% in July
Said deposits rose to RMB572.2b.
Melco Crown Entertainment to launch IPO in Hong Kong
Market sources say the Macau casino venture aims to raise up to HK$39b.
Commercial property sales in secondary market down 28.7%
There were only 1,222 deals for retail, office and industrial property in the said market in July.
Sun Art Retail Group profit up 41.5%
The hypermarket operator, which debuted in Hong Kong trading in July, reported $122.7m profit for the first half of 2011.
Cable&Wireless Worldwide appoints Bhupinder Singh as country manager for Hong Kong
Bhupinder has an engineering degree in Computer Sciences and an MBA from the Anderson School of Management, UCLA.
Worldhotels appoints Jason Lin as director of sales for Hong Kong and South China
He will report to Christina Spykerman, Senior Director of Sales and Marketing, Worldhotels Asia Pacific.
Retail sales value up to over $35b
The value of total retail sales in July 2011 increased by more than 29% compared to the same period in 2010.
Recruitment activity in Hong Kong picks up after slow start
There was year-on-year growth in job ads as retail services benefited from an influx of tourists from the Mainland.
China Comservice profit up 16% to CNY1bn
The company is capitalizing on opportunities brought about waves of informatization.
Sino Biopharmaceutical profit up 15% to HK$221mn
The group sees more M&A opportunities to arise expediting consolidation of the pharmaceutical industry, and further intensifying competition.
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