Hong Kong
HK still far out of financial danger
CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.
HK still far out of financial danger
CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.
Global shipping recovery to continue behind impending acquisitions
China and the rest of Asia Pacific’s shipping demand was seen as primary driver of global shipping growth.
Hong Kong maintains GDP growth by 6.8%
External trade contributes to Hong Kong’s GDP behind domestic demand and further expansion in intra-regional production activity in the Asian markets.
Valuetronics second quarter profit up 82.9% to HK$32.7mln
Revived customer demand to pre-crisis levels boost the company’s revenue to HK$914mln.
Monetary policy is working in Asia: HSBC
The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.
September goods re-exports volume up 19%
The highest export volume to Japan grew 22.9%, the highest, followed by Taiwan, 19%; and to China, 18.4%.
Luxury property transactions up 86% over $20mln
Financial Services & the Treasury Department issued tax assessments for the remaining 1,650 taxable cases, including $410mln in profits tax.
HK sets initial minimum wage rate at $28/hr
Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.
IT professionals see employees to shop more online at work
Shopping online for more than 3 hours this holiday season expected to pose security risks to companies.
HSBC launches real-time online retail bond trading platform in HK
The platform offers wide range of bonds and CDs with subscription amount as low as HK$50,000.
China Gas inks US$200mln loan facility with Asian Development Bank
The company to use proceeds to expand its city gas projects using China’s 2.46tin cubic meters natural gas reserves.
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Fortune REIT nine month profit up 24.5% to HK$444.5mln
The company’s occupancy rate at reached 98%, with an annualised dividend yield of 6.2%.
Asian asset managers list 2 new Hang Seng China Enterprises Index-linked funds
Harvest Fund Management and Nikko Asset Management issue H-Shares Index funds in Shenzhen and Tokyo bourses respectively.
Hong Kong economy seen to grow by 5.7%
Yet growth expected to ease on as global economy decelerates while assets will heat up.
Hong Kong is a favourable relocation destination for expats
Nearly 9 in 10 Hong Kong-based expats found it easy to travel around locally, while 58% of HK respondents say it was easy to find accommodation.
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