Hong Kong
HK billionaire et al aids funding of UK low-cost housing
Developer Sammy Lee, businessman Peter Fung, and billionaire Cheng Yu-tung’s Chow Tai Fook Enterprises have acquired 61 percent of Pinnacle Regeneration Group, manager of 22,000 homes in the UK.
HK billionaire et al aids funding of UK low-cost housing
Developer Sammy Lee, businessman Peter Fung, and billionaire Cheng Yu-tung’s Chow Tai Fook Enterprises have acquired 61 percent of Pinnacle Regeneration Group, manager of 22,000 homes in the UK.
June exports up 2.7% while imports rise 5.1%
Yet the volume of re-exports dipped 5.3%, while domestic exports volume fell by 10.3%.
Hong Kong’s June composite interest rate up 5 basis points
Upward adjustment of the weighted deposit rate was seen from the data from retail banks.
Invest Hong Kong assists in global expansion of Hunan enterprises
Invest Hong Kong today hosted a seminar in Changsha to encourage local enterprises in Hunan to "Go Global".
Hong Kong's 2nd quarter unemployment rate at 3.5%
Hong Kong's unemployment rate stood at 3.5% in the April-June period, same as that in March-May, according to the figures released by the Census & Statistics Department.
Happy Birthday: The Offshore RMB turns one
From a RMB90bn weakling at birth this monster baby now weighs in at a massive RMB549bn deposit base supporting an actively traded currency and money market.
Residential property sales plunged 58% in June
And the loan-to-value ratio of homes costing between HK$7m -10m has been limited to 60%.
Subscriptions for iBond expected to exceed issue size
Issue size is HK$10b.
Dispute to delay IPO of People's Insurance Company of China
The rift with People's Daily involves shareholdings in China Huawen Investment Holdings.
Investor confidence in HK property drops
Homes are now less affordable for the general public after a rally in property prices.
Government to review bus franchises
Three firms are interested to renew their franchises for another decade.
Cathay Pacific and Dragonair serve 2.27mn passengers in June
Despite 2.4% increase in passenger volume, the two airlines’ cargo and mail volume down 9.1%.
ConvenientPower unveils Qi-based hybrid wireless power technology
New Litz PCB to help manufacturers scale up production of wireless power chargers for homes and business.
IMAGI subscribes shares in Sino Light Enterprise
The move eyed to further expand “Pleasant Goat and Big Big Wolf” branded business and to broaden revenue sources.
Linmark profit down to HK$4.7mn
The company will consider M&A opportunities that lead to a more diverse range of products to offer customers in a difficult business environment.
Cathay Pacific names Martin James Murray as Finance Director
The current Deputy Finance Director of Swire Pacific Limited will succeed James Edward Hughes-Hallett who will quit his post on Nov. 18.
BEA Union Investment appoints Eleanor Wan as CEO
Effective today, Ms Wan succeeds Mr Ilex Lam, who joined the Company as CEO in 2007.
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