Hong Kong

An electricity substation in Tseung Kwan O and a research complex and student hostel in North Point are among the transactions which had about $752.06mn total land premium.

77,991 new local companies were registered during the first half of this year, an increase of 8.53% from 71,861 in the second half of last year.

The Customs and Excise Department, the Intellectual Property Department and the copyright industry have been jointly organising various publicity and educational events to promote respect for IPRs in the community and especially among the youth, so as to inculcate a culture of IPRs protection when they are young. One of the educational events is the Youth Ambassador Against Internet Piracy Scheme, which was initiated by the C&ED in 2006 in collaboration with the copyright industry. Some 200 000 members of 11 youth uniformed groups have so far joined the scheme, which is aimed at promoting a sense of respect for copyright works among young people. In the past five years, different promotional activities have been organised under the scheme to raise the awareness of, and to motivate the youth ambassadors to support, IPRs protection. The IPD, together with the C&ED, the copyright industry and different organisations in the community have also organised different anti-piracy activities to promote public respect for IPRs. The Youth Ambassador Competition on Business Software Proposal is one of these activities.

Tsang said the government will consider various subsidised housing schemes to address one of Hong Kong’s crucial social issue.

To meet capital requirements, the bank is reportedly eyeing to issue up to $3b worth of H shares.

Retail investors are given six days to reconsider bids on the $1.1b IPO.

The infrastructure investment vehicle of Hong Kong tycoon Li Ka-shing agreed to sell 84.5 million new shares at a 7 percent discount.

Total number of bankruptcy petitions was 4,086 for the first six months of 2011.

The property developer offers 300,000,000 new shares at the range of HK$1.10 to HK$1.68 per share.

About HK$27.2mn of the proceeds will be used for the expansion of the Groups’ production capacity including construction of new workshops.

Hong Kong’s rental yield of car parking spaces tops 4% per annum, relatively higher than the other sectors such as residential and office properties.

Exchange Fund bills and notes issued reached $1.05tn while claims on the private sector in Hong Kong amounted to $114.6bn.

The AV Concept-associated company aims to capture huge market potential in social media marketing and social game publishing.

Tan has over worked in the commercial aviation industry for 30 years, including his term in Singapore Airlines.

The CFS found a sample of Doctor's Choice - Evening Primrose Oil to contain plasticisers, di(2-ethylhexyl) phthalate (DEHP) and di-butyl phthalate (DBP).

Based in Hong Kong, he reports to Chris Georgs, Head of Equity Research, Asia Pacific.