Hong Kong
ShangPharma appoints J.P. Morgan as depository bank
ShangPharma issued 5.8 million ADSs at $15 per ADS.
ShangPharma appoints J.P. Morgan as depository bank
ShangPharma issued 5.8 million ADSs at $15 per ADS.
Consumer prices jump 2.9% in November
The increase in consumer prices passed the corresponding 2.6% increase in October, according to Census & Statistics Department figures released today.
Hong Kong GDP for 2011 seen at 5.2%
Hong Kong GDP forecast for next year is expected to exceed the consensus of 4.6%.
32% of HK exports to China for outward processing
$377.7bln of Hong Kong's total exports to China were for outward processing, an increase of 26% in the first nine months this year.
Leaders should beef up integrity and communication skills
CFOs believe future leaders should be as transparent as possible, as well as capable of listening to employees and delivering crystal-clear communication.
CITIC Securities and Crédit Agricole to form global brokerage platform and investment bank
Cooperation aimed to improve leverage of Crédit Agricole CIB activities and client relationships globally and CITICS leadership in China.
Minmetals Land acquires 3 real estate developments from China Minmetals
Projects totaling GFA 1.25mln sq. m. HK$2.36 per consideration share has increased the company’s land bank to over GFA 4mln sq. m.
Hong Kong gross domestic product grows 6.8% in Q4
Net output in all the service activities taken together rose 6.9% in real terms in the quarter.
Housing Authority to spend $330m on public housing estates
A number of major improvement works on old public housing estates are expected to be completed by mid-2012.
Hong Kong air passenger traffic up 8.1%
Air traffic movements rose 13.9%, to 26,765, according to figures released by the Airport Authority.
Shangri-La to open Traders Hotel in Chennai
The development will include a mall, office block and the 246-key hotel along with 52 service apartments set to open in 2012.
China Fishery seeks listing on HKSE
Hong Kong listing will allow the company to expand its investor base by facilitating additional institutional and local retail investors in Hong Kong.
Hong Kong unemployment rate down 4.1%
Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.
S&P raises Hong Kong ratings to AAA
The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.
China completes RMB8bln bonds issue in Hong Kong
Success of the move showed HK investors’ confidence in the sustainable development of the China's economy.
Hong Kong domestic exports up 5.7%
While the volume of Hong Kong's re-exports of goods in October rose 9% on the same month last year.
Hang Seng Bank keen on setting up China wealth management unit
The bank seeks partner for wealth management, insurance and asset management through a joint venture or by buying a stake in another company.
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