Hong Kong

U.K. Banks Welcome to Move to H.K.: Tsang

Liam Vaughan Bloomberg.com 14.09.2011
U.K. Banks Welcome to Move to H.K.: Tsang

Hong Kong would “absolutely” welcome London-based banks HSBC Holdings Plc (HSBA) and Standard Chartered Plc (STAN) if they decided to move headquarters to the former British territory, according to Chief Executive Donald Tsang.

London symposium promotes Hong Kong's role as regional innovation hub

Hong Kong is not only an international financial centre but also a regional innovation hub, the Deputy Commissioner for Innovation and Technology, Mr Andrew Lai, told the "Think Asia, Think Hong Kong" symposium in London yesterday (September 13, L...

Hong Kong Courts Stir Up Fears About Legal Immunity

The National Law Journal 14.09.2011
Hong Kong Courts Stir Up Fears About Legal Immunity

One of Hong Kong's major appeals as a base for international companies doing business in Asia has been recourse to its British-established common law courts. But recent Hong Kong rulings have raised the unsettling possibility that a whole class of...

NTD Intern Files Lawsuit Against Hong Kong Police

Hong Kong's Democratic Party held a press conference to support a lawsuit launched by NTD intern Cai Wenwen against Hong Kong's police chief. It’s the first case of a journalist suing the police chief in Hong Kong.

Hong Kong Stocks Tumble Toward Lowest Since May 2010 on Greece

Nick Gentle San Francisco Chronicle 13.09.2011
Hong Kong Stocks Tumble Toward Lowest Since May 2010 on Greece

Hong Kong's Hang Seng Index fell, headed for its lowest close in more than a year, on concern Greece may be nearing default and will disrupt the financial system and global growth.

Nearly 17000 Buyers Take in 30th Hong Kong Watch & Clock Fair

Nearly 17,000 trade buyers took in the HKTDC Hong Kong Watch & Clock Fair, 7-11 September, with emerging market visitors up more than 12 per cent over last year. Visitor gains included the Middle East (up 46 per cent), Indonesia (up 40 per cent), ...

HSBC To Cut About 3000 Jobs In Hong Kong Over Next 3 Years

HSBC, Europe's biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an aggressive cost-cutting plan on five countries.

BSH Bosch & Siemens Planning Offshore Yuan Bond Issue In Hong Kong ...

BSH Bosch & Siemens Hausgerate GmbH, the consumer brand joint venture between German companies Siemens AG (SI) and Robert Bosch GmbH, is planning to issue offshore yuan bonds in Hong Kong, a person familiar with the situation said Wednesday.

Hong Kong government rejects harbour cycle path idea

Monsters and Critics.com 08.09.2011
Hong Kong government rejects harbour cycle path idea

The Hong Kong government Wednesday dismissed calls for a 16-kilometre cycle route along the city's iconic harbour front, saying it did not want bicycles in urban areas.

Hong Kong TV executives quit over false report of China ex-president's death

Two senior Hong Kong TV executives have resigned after their station broadcast a false report that former Chinese president Jiang Zemin had died, a news report said Tuesday.

HK advisers mulled peg future

Tony Liaw The Standard 07.09.2011
HK advisers mulled peg future

The Hong Kong dollar's peg to the greenback may not be as sacrosanct as officials have claimed. Top bankers said the government- appointed think tank Commission for Strategic Development was discussing its future as early as 2006, according to an ...

Hong Kong Stock Exchange Launches Additional Website For Corporate Filings After Earlier Hacking

Hong Kong's stock exchange said late Friday it plans to launch an additional website for listed company disclosures, weeks after its news website was attacked by hackers that led to trading halts in several stocks, because price-sensitive corporat...

China’s Shoppers Sling a Gucci ‘Lifeline’ to Faltering Hong Kong Economy

Queuing outside a Louis Vuitton shop in Hong Kong, Lin Shasha says she’s visiting from Shenzhen to buy leather belts and handbags because the products are genuine and her yuan goes further.

Banks approach Ferrari for IPO on Hong Kong stock exchange

As much as Ferrari’s president Luca de Montezemelo says that an IPO for the brand is not on the table, the automotive industry just can’t seem to stop talking about it. According to new reports, several investment banks have approached Ferrari own...

Cheung Kong issues first senior perpetual bond in Asia

Hong Kong tycoon Li Ka-shing’s flagship company Cheung Kong Holdings (CKH) on September 1 priced a SGD500 million (USD416.67 million) senior perpetual bond deal to yield 5.125 percent. The issuance is the first Singapore dollar senior perpetual bo...

Hong Kong seizes nearly 800 smuggled elephant tusks

Hong Kong has seized nearly two tonnes of elephant ivory worth about $1.7 million hidden in a shipment from Malaysia and detained a local man over the haul, customs authorities said Wednesday.

HKCEC breaks annual attendance records with 6,000,000 visitors

The Hong Kong Convention and Exhibition Centre (“HKCEC”) achieved a record event attendance of 5,969,789 for its fiscal year 2010-2011 (July 2010 – June 2011), a surge of 25% from the previous year. This significant jump in attendance was the res...

Hong Kong wooing Taiwanese investors

Focus Taiwan 31.08.2011
Hong Kong wooing Taiwanese investors

Hong Kong's top official in charge of foreign investment called Tuesday for Taiwanese companies, particularly small- and medium-sized enterprises (SMEs), to invest in Hong Kong to take advantage of the "good investment climate" in the special admi...

Hong Kong 31st on world's most liveable cities list

Hong Kong came 31st on a list of the world's best city's to live in. Melbourne is now the world’s most liveable city, ending Vancouver’s nine-year reign on the Economist Intelligence Unit’s (EIU) bi-annual Global Liveability Survey.

SEB opens for business in Hong Kong

SEB today announced the bank has received its local banking license in Hong Kong and can now begin to serve its clients locally. SEB in Hong Kong will offer a wide range of products for corporate clients, global financial institutions with activit...

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