Hong Kong
Exchange Fund foreign assets down $5.6B
Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.
Exchange Fund foreign assets down $5.6B
Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.
Asia’s largest spring electronics fair attracts record turnout
Three international trade fairs, including Asia’s largest spring electronics show, opened and will continue through 16 April at the Hong Kong Convention and Exhibition Centre.
Legislators approve proposal to give $6000 to each adult Hong Kong permanent resident
The proposal was passed by 34 votes, with 11 abstentions and none opposed.
Tobacco duty to increase by 41.5%
The Government tabled the Dutiable Commodities (Amendment) Bill 2011 at the Legislative Council.
HK to suspend avian importation from South Africa
The Centre for Food Safety has suspended processing applications for imports of poultry, game birds and their products from the Republic of South Africa with immediate effect until further notice.
Private hospitals not to expand maternity services
Private hospitals have agreed not to expand their maternity services in the short term.
Financial secretary warns of property bubble
Tsang is cautious of the surge in overall property prices in February that surpassed the 1997 peak as he pledged to observe developments in the property market.
3 residential sites set for auction
Auction for residential sites on Stubbs Road, Begonia Road and in Ngau Tam Mei to take place on May 12 at Queen Elizabeth Stadium.
Expense limit for CE election raised to $13mn
The proposal takes into account the 12.8% inflation adjustment since the limit was set back in 2001.
MPFA obtains payment for outstanding MPF contributions
The MPFA today obtained an order for payment of outstanding MPF contributions of $456,362.74 against an employer at the District Court.
Employer fined $173,000 for breaching MPFS Ordinance
Good Faith Security Management was fined $173,000 at the Kwun Tong Magistracy after being convicted of offences under the Mandatory Provident Fund Schemes Ordinance.
Golden Resorts acquires Kingston Financial Group
The group expands financial operations to consolidate its position as leading Chinese financial group, operating in China, Hong Kong and Taiwan.
Xinyi opens solar glass production line in Tianjin
The glass maker expands northern China market focusing on float glass and solar glass.
Pacific Andes’ operations unaffected by Japan radiation leakage
The group has not sourced any materials and products from Japan in the past three months.
Hong Kong and China join forces to boost IT collaboration
Under the National 12th Five-Year Plan will also explore further collaboration between the laboratories of Mainland and Hong Kong approved under the Partner State Key Laboratory Programme.
IMAGI completes acquisition of Toon Express Group
The deal further promotes popularity of its animation brands through new commercial arrangements
Contract staff will be given paid rest days
Companies tendering for government service contracts must comply with the statuory minimum wage rate, and include one paid rest day a week.
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