Hong Kong
ING Bank to set up department in Greater China region
It aims to improve cross-border commercial banking services.
ING Bank to set up department in Greater China region
It aims to improve cross-border commercial banking services.
Weichai Power to issue yuan-denominated bonds
The total worth is $217.3m.
Hong Kong’s luxury residential price growth shoots to 28%
Prices grew strongly by 7.3% qoq in 2Q11.
MobileFOXX’s to provide enhanced mobile services for Bank CIMB Niaga
Platform enables the lender’s existing credit card customers to search and redeem special offers.
Kowloon East Grade A office rentals’ moderate growth seen
Rental growth is expected to slow down in the second half as the office supply market of the site becomes more competitive.
Hong Kong 3rd in foreign direct investment flows worldwide rankings
Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.
Threadneedle appoints June Wong as CEO Hong Kong
Ms. Wong will spearhead the institutional business in the region along with Jon Allen, Head of Institutional, South East Asia.
Sun Art Retail Group debuts in Hong Kong trading
China’s largest hypermarket operator rose 27 percent from its initial IPO price to HK$9.17 as of 9:32 am.
IMAGI sets up sales network of “Pleasant Goat and Big Big Wolf” children’s wear
Toon Express will open more than 1,100 outlets in three years to further unleashes growth of branded business.
Government to increase housing land supply
Hong Kong also eyes further development of the Tung Chung New Town, and implementing new development areas in the northern New Territories.
Perception Digital eyes appointing Jebsen as distributor of 3Bays
Jebsen started introducing “3Bays Vulkano”, a mobile high definition TV streaming device for multimedia entertainment.
Hong Kong tourists up 14.7% to 20mn
Arrivals of Chinese tourists soared more than 20% to over 12 million behind the Mainland’s positive economic environment.
Retail property rent in traditional shopping districts up 7.4%
International retailers continued to outbid existing tenants to secure shops in prime locations in belief that Hong Kong is a stepping stone to inland Mainland China cities.
155,835 valid applications for iBond subscription received
The retail bond will be issued on July 28 while its listing and dealings on the Stock Exchange will take effect on July 29.
Royal Institution of Chartered Surveyors in Asia appoints two EC Harris executives
Alan Brookes and Richard Warburton have been selected as new RICS Asia member and RICS Singapore member respectively.
Negative equity mortgages in June fell to 48
Hong Kong had no loans in negative equity with delinquencies of more than three months since the first quarter.
Fortune REIT first half profit up 5.7% to HK$319.5mn
The company’s passing rent up 10.3% while occupancy rate climbed further to 98.1%.
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