Hong Kong

SIG Holiday loses its licence

Five branches ceased business.

South Beauty Group to list in Hong Kong

Operator of tony restaurant chain to use funds for expansion.

Cathay Pacific launches direct flights to Hyderabad

Airline schedules four flights every week to Hyderabad.

Exchange Fund assets slip $34.1b

HKD assets decreased by $22.6b.

Foreign currency deposits up 2.2%

And RMB deposits increased 1.7$ to RMB554.8b.

Government spending hits $222.6b

Consequently, deficit reached $36.5b.

Hong Kong gets boost to be legal services centre

Justice Rimsky Yuen encouraged adoption of HK law.

Tourist count surges 11.9% to 4.24m

Visitors from Mainland are still a big chunk.

Year-end IPO surge in Hong Kong

Two IPOs raise US$3.38 billion but investor sentiment remains weak.

Li expands Australian business empire

Buys third Aussie company this year.

Drinking water from Guangdong suspect

Unabated pollution at the Dongjiang River again raises fears of unsafe drinking water.