Hong Kong

China boosts Hong Kong’s position as RMB center

China boosts Hong Kong’s position as RMB center

China will issue sovereign renminbi bonds in Hong Kong with a total value of RMB23 billion.

Hong Kong enacts competition law

Hong Kong has its first law against anti-competitive conduct after a decade of trying but doubts persist about the law’s effectiveness.

Hong Kong targets Indian tourists

Hong Kong is investing HK$12.5 million to entice Indian tourists to visit the city.

HKEx buys the London Metal Exchange

A historic deal will see Hong Kong Exchanges and Clearing Ltd attain a long-sought aim of diversifying into commodities.

Sudden departures mean loss of road maps for Hong Kong companies

The departure of Ina Drew, Chief Investment Officer at JP Morgan Chase, reminds us that things move fast and mercilessly in the world of business. She had been with the company for 30 years. But as the senior manager in charge of the London group (including the colourfully named “London Whale” trader) who made the disastrous bets that caused the US$2 billion debacle, she had to go.

AirAsia Philippines to serve Hong Kong

Budget carrier AirAsia Philippines will begin flying to Hong Kong from the Philippines on July 19.

Hong Kong employers resist more paternity leave days

Hong Kong’s employers claim that paid paternity leave is a key reason for Europe’s massive economic woes today.

Hong Kong dismisses Yam’s suggestion to review linked exchange rate system

There is no need for the government to change the linked exchange rate system that has served Hong Kong well over the years.

Contractors' commissioned projects up by 15.9%

Private residential building projects were the main contributors in the construction work increase.

Election process for Hong Kong deputies starts

Those willing to become members of Hong Kong’s electoral council are required to register at the relevant office in Hong Kong between July 10 and 25.

Huadian Fuxin reduces IPO size

State-owned clean energy firm Huadian Fuxin Energy Corporation falls victim to the weak global economy.

Diageo mulling Hong Kong IPO

The British company that owns Johnnie Walker, Smirnoff and Baileys is considering an IPO in Hong Kong.

Foreign currency reserves down slightly in April

It decreased by US$3.7 billion to US$291.9 billion at the end of May.

Hong Kong in peril from twin looming dangers

The collapse of its services industry and a substantial drop in demand from Asia are the greatest dangers faced by Hong Kong.

Hong Kong touts investor protection initiatives

The government says it will introduce further measures to protect investors when appropriate.

Most Hong Kong managers are blind to a staff's long-term value

A study found that Hong Kong managers measure a new hire's impact on the 1st year and then lose interest.

Towngas makes massive investment in eco-friendly energy

The Hong Kong and China Gas Company, widely known in the city as Towngas, plans to spend HK$10 billion to expand in China.