News
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
Cathay Pacific and Dragonair reduces carbon emissions
Sister companies brought environmental,social benefits to Pearl River Delta by buying 30,000 tonnes of carbon-emission reductions.
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
Dragonair expands network with Sendai and Okinawa
Addition of two Japan destinations aims to position Hong Kong as an international aviation hub.
OOCL launches Mobile Rates of Exchange
The service enables customers to access inbound and outbound rates of exchange for a particular port through mobile phones.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
September renminbi deposits up 14.5%
HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.
Companies Registry produces $141m surplus
107,416 new companies were incorporated during the year as technology shortened the process of starting a business.
Electrical & Mechanical Services Trading Fund reports $4bln revenue
The trading fund expects its business to remain steady as its post return on revenue at 11.8%.
Survey shows climate change top concern in Hong Kong
Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.
Dragonair eyes to recruit 300 more flight attendants
The third recruitment day this year to cope with the increasing passenger volume and flight frequency.
Bank of Communications to launch HK private banking
The lender sees Hong Kong capable of attracting investors of private trust funds and investment immigration.
Short-haul and long-haul flight surcharges up 8% and 3%
New rates enable carriers to partially recover operational costs due to fluctuations in aviation fuel prices.
HSBC introduces new Private Banking leadership teams
The lender announced replacements of heads of North Asia, South East Asia, and EMEA regions.
Mild housing measures help clear policy overhang
Fundamental price drivers like too much market liquidity and low interest rates will remain unchanged even with the new housing measures put in place by the HK government, the Deutsche Bank AG/Hong Kong said Thursday.
China Mobile third quarter profit flat at 29.65bln yuan
China has low mobile penetration compared to developed economies that stifles growth of its telecommunication companies.
Automated Systems strikes deal with China Southern Airlines
Collaboration aims to develop world-class enterprise content management solution.
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