News
Construction work gross value up 7% to $28bln
Residential projects have largest share with $6.4bln in second quarter but down 3.8% in nominal terms.
Construction work gross value up 7% to $28bln
Residential projects have largest share with $6.4bln in second quarter but down 3.8% in nominal terms.
Combined Cathay Pacific and Dragonair August passengers up 9.7%
August cargo traffic not quite as strong as the previous month in terms of volume.
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 companies up to 1.5mln
Electronic incorporation and one-stop service for company incorporation and business registration to lessen registration time.
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.
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.
Dragonair resumes flight to Shanghai's Hongqiao Airport
Authorities agreed to open airport for flights between Hong Kong and China.
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.
OOCL increases rate on Southeast Asia-Australia services
Rate up to US$300 per TEU to ensure high quality services to the region.
Foxconn International loss balloons at $143mln
Sales rose to $3.23bln from $3.16bln despite Nokia's reduced phone orders behind falling demand for smartphones.
Henderson profit down 37% to HK$1.32bln
Failed sales of 20 Hong Kong units pressure company to intensify sales in the second half.
HSBC launches integrated banking account for SMEs
Product provides 33% discount on standard tariffs for selected trade services and 10% for telegraphic transfers.
CLP now India’s largest wind developer
CLP's subsidiary in India will develop a 39.6 MW wind farm at Harapanahalli in the Davanagere district of Karnataka.
OOIL posts first half profit at US$1.28bln
OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels.
Bright Smart's IPO 163 times subscribed
HK$237mln offer with price fixed at HK$1.60 per share primarily used to develop securities business.
Hong Kong gains edge in private banking
Proximity to business owners and those with strong business network in China gives Hong Kong advantage.
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