Hong Kong

HSBC Hong Kong workforce to expand in 3 years

Fiona Law MarketWatch 20.09.2011
HSBC Hong Kong workforce to expand in 3 years

A top executive at HSBC Holdings PLC (0005.HK) Monday defended the group's layoff plan in Hong Kong by saying that the bank's total workforce in the city will expand in the next three years.

Six in court after $600m coke bust at village

Phila Siu Hong Kong Standard 19.09.2011
Six in court after $600m coke bust at village

An American and five Mexicans, charged in connection with the biggest cocaine seizure in Hong Kong, will appear in Tuen Mun Magistrates' Court this morning.

Hong Kong Police Drop Charges Against NTD Intern

On the evening of July 1st, one of our NTD interns Cai Wenwen was arrested as she took pictures of protestors after the annual democracy parade in Hong Kong. Police mistook her for one of the protestors. Although NTD faxed her credentials to polic...

China's Sany Heavy to raise $3.33bil bln in HK offer

Sany Heavy Industry , China's largest construction machinery maker, aims to raise up to $3.33 billion in what could be Hong Kong's No. 2 stock offering this year, as it braves volatile markets to garner funds for expansion of its factories.

Filipino nabbed in HK for trafficking 26kg of heroin

A Filipino was arrested at the Hong Kong airport while allegedly carrying 26 kilogram of heroin, the Department of Foreign Affairs said Friday.

Joy Division Lives On, in Hong Kong

Lynette Chiu The Wall Street Journal 17.09.2011
Joy Division Lives On, in Hong Kong

In May of last year, about 150 people gathered in the tight quarters of Phonograph, a bar in Tsim Sha Tsui, to celebrate the legacy of Ian Curtis, the singer and lyricist for Joy Division. Four Hong Kong bands performed, and a ruckus of post-punk ...

Hong Kong New Bank Loan Growth ‘Still Too Fast,’ HKET Says

Growth in new bank loans is “still too fast,” with lending increasing at an annualized rate of more than 18 percent in June and July, the Hong Kong Economic Times reported today, citing the Hong Kong Monetary Authority’s Deputy Chief Executive Art...

Hong Kong's Free-Market Economy Needs More Freedom: The Ticker

Hong Kong is an economic paradox with few peers.It's routinely ranked the world's best place to do business by the Heritage Foundation and The Wall Street Journal, which publish the annual Index of Economic Freedom. That's because of Hong Kong's f...

Media freedom row escalates at Hong Kong's public broadcaster RTHK

Staff at Hong Kong's public broadcaster RTHK on Thursday demanded the government scrap the appointment of a civil servant to head the station amid fears of political meddling in its editorial independence.

Chief Executive Donald Tsang concludes visit to Europe

The Chief Executive, Mr Donald Tsang, agreed with the Scottish Government to strengthen collaboration in a number of areas on the last full day of his visit to Europe in Edinburgh on September 15 (Edinburgh time).

Hong Kong 'feels very familiar to UK companies'

UK companies, faced with sluggish growth in their domestic and traditional European markets, are increasingly looking for new business networks in Asia. Hong Kong's inward investment chief, Simon Galpin, believes the time as never been better to l...

Hong Kong says it will not drop US dollar peg

Hong Kong said on Thursday it had no plans to get rid of its currency's peg to the US dollar, despite growing calls to end the 28-year link as the world's largest economy falters.

HK bankruptcy petitions rise 20.8 pct in Aug vs July

Hong Kong bankruptcy petitions in August rose 20.8 percent from the month before to 779, and were up 1.8 percent from a year earlier, government data showed on Friday.

Hong Kong Regulator Fines Hedge Fund Oasis, CIO for JAL Trade

Hong Kong’s securities regulator fined hedge fund Oasis Management (Hong Kong) LLC, which helped manage more than $3 billion at its peak, and its chief investment officer for 2006 trades of Japan Airlines Corp. shares.

Hong Kong's Export Sentiment Turns Negative

Victor George Paddy HKTDC 16.09.2011
Hong Kong's Export Sentiment Turns Negative

Responding to the gloomy outlook in the United States and European markets, Hong Kong's export sentiment turned negative in the third quarter of 2011. The majority of surveyed exporters said they were worried about the higher costs of production o...

Next leader must be able, love Hong Kong

The next Chief Executive must not only be able, but also have an affinity for Hong Kong who will be able to govern it well and win broad-based support of the people, according to Jonathan Choi Koon-shum.

Hong Kong court bars Birmingham City owner Carson Yeung from travelling to UK

Birmingham City owner Carson Yeung, who has been charged with money-laundering in Hong Kong, has been denied permission to travel to Britain only a day before his planned departure.

Hong Kong graduates ill-prepared for mainland jobs, survey finds

A survey among students has revealed that Hong Kong graduates are not well-prepared to work on the mainland, though their interest in working there is growing fast.

Asian Development Bank upgrades Hong Kong economic growth forecast

The Asian Development Bank Wednesday revised its forecast for economic growth in Hong Kong in 2011 upwards to 5.5 per cent, up from an April estimate of 5.0 per cent.

Secretary for Education salutes teachers at annual celebration

The Secretary for Education, Mr Michael Suen, yesterday (September 14) commended teachers on their commitment and hard work, as well as for their love and devotion towards students. Speaking at the "Salute to Teachers 2011 - Teachers' Day and Comm...

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