Hong Kong
Investors turned off by tax for Prada IPO
Potential buyers are said to be backing away thanks to the 12.5 percent tax.
Investors turned off by tax for Prada IPO
Potential buyers are said to be backing away thanks to the 12.5 percent tax.
Export weakness looms
This as leading indicators are said to be turning down again.
Inflation is intensifying as projected: UBS
Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion.
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Noble Group to expand in India and China
The company is exploring not only Asia but businesses like clean fuels and vegetable oils.
Hopefluent joins MSCI China Small Cap Index as a constituent
The company was able to handle approximately 50,100 secondary property transactions and was able to achieve the largest market share in Guangzhou.
China Everbright and Macquarie’ infrastructure fund reaches US$729mn
Macquarie Everbright Greater China Infrastructure Fund will continue to raise capital throughout 2011 and 2012 from international and domestic investors.
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
EPD makes 33 convictions in May
Thirty-three convictions were recorded last month for breaches of legislation enforced by the Environmental Protection Department.
Minibond investors to enjoy high level of recovery
PricewaterhouseCoopers, the Receivers of the Minibond collateral, announced the distribution of the underlying collateral for the Minibond series 10 to 12, 15 to 23 and 25 to 36 to nominal holders.
HK stocks close flat due to China's increased reserve requirement
Hong Kong shares closed flat after China's central bank raised the amount banks must keep in reserve.
Hong Kong's Exchange Fund foreign assets reach $272B in May
Hong Kong's Exchange Fund foreign assets amounted to 2.12 trillion HK dollars or about US$272 billion in May, up 6.8 billion HK dollars from the previous month.
LED lamps now covered by energy efficiency labelling scheme
The Electrical and Mechanical Services Department extended the voluntary Energy Efficiency Labelling Scheme to cover LED lamps.
Dragon Crown starts trading on the SEHK Main Board
Share price closes at HK$1.14 per share on the first day of listing, approximately 3.6% above the offer price.
Government to sell 8 sites in third quarter
The 8 sites are expected to produce about 6,000 units twice the number provided by the nine residential sites put up for sale in the second quarter.
Business receipts of couriers up 26.6%
The government said most of the major service industries recorded increases in business receipts in the first quarter.
HKMA issues measures on residential mortgage lending business
Signs of renewed exuberance on the market have become evident following high transaction prices recorded in recent government land sale auctions.
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