Hong Kong
Shanghai Pharma to raise $1.2bln via HK IPO
Company to offer 25% stake to fund acquisition of rivals and sales networks.
Shanghai Pharma to raise $1.2bln via HK IPO
Company to offer 25% stake to fund acquisition of rivals and sales networks.
Vodafone divests China Mobile stake for $6.5bln
Sold 642.9 million shares for HK$79.20 after its value doubled and deemed minority holdings insignificant.
Hong Kong's finance industry faces talent shortage
91% of employers in Hong Kong’s finance industry report skills shortage in finance and accounting.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
RIM introduces BlackBerry Curve 3G in Hong Kong
New addition to BlackBerry Curve series is fast, easy-to-use, richly-featured and BlackBerry 6 ready.
HSBC Chairman Stephen Green to step down
Accepts invitation of UK Prime Minister to become UK Minister of State for Trade and Investment.
Hong Kong companies up to 1.5mln
Electronic incorporation and one-stop service for company incorporation and business registration to lessen registration time.
Sino Land profit up 63.3% to HK$6 billion
The 63.3% increase was in comparison with the HK$3.7 billion profit for the previous financial year.
Ede Road lot up for auction
The 2,808 square metre lot at 3 & 5 Ede Road in Kowloon Tong will be auctioned for a minimum guaranteed bid of $1.053 billion.
Employers hold firm grip over salary negotiations
77% of Asia Pacific finance professionals surveyed believe employers control salary negotiation.
CITIC and CE-SCM to acquire China Enterprise Communications
HK$258.4mln acquisition prompts CITIC to propose change in CEC’s company name to CITIC Telecom.
Cathay Pacific celebrates inauguration of Moscow service
Moscow service marks airline’s 48th online passenger destination and second launching this year.
Hong Kong ranks sixth in global forex market
Average daily net turnover of foreign exchange transactions jumped 31.3% to US$237.6bln.
Dragonair resumes flight to Shanghai's Hongqiao Airport
Authorities agreed to open airport for flights between Hong Kong and China.
Hong Kong's insurance industry premiums up 14.5%
Net premiums rose 11.8% to $11.7bln while overall underwriting profit stood at $1.3bln.
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
AV Concept further acquires shares in Wavesquare and Accupix
Distributor becomes largest Wavesquare shareholder as it taps LED TV and 3D markets' potential growth.
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