Hong Kong

Hong Kong will soon remove some restrictions on food imports from Japan imposed because of the nuclear crisis caused by the nuclear accident at Fukushima Prefecture.

The deal will position AXA as the number one P&C player in Hong Kong.

The Lands Department has issued a pre-sale consent involving 235 units in residential development in Sheung Shui in the New Territories to be completed by next year. The residential developments total 7,690 units. Three developments with a total of 143 units will be completed this year. Sixteen residential and one commercial application for pre-sale consent were being processed at the end of February. Ten developments involving a total of 7,171 units will be completed next year, and two involving a total of 327 units will be completed in 2014.

China Everbright Bank Co., Ltd has lowered expectations for its forthcoming IPO in Hong Kong.

The glass ceiling’s still too low for Hong Kong’s women executives.

Hong Kong’s Causeway Bay is now the second most expensive shopping district in the world, behind New York’s Fifth Avenue and ahead of Tokyo’s Ginza, London’s Bond Street and the Champ Élysées in Paris. Of course Mainland Chinese shoppers are the driving force behind these high rents and there are often long lines of mainland tourists outside the Louis Vuitton, Burberry and Dolce & Gabanna stores, where they are (allegedly) preferred over local shoppers, much to the chagrin of many Hong Kong inhabitants.

I have far fewer concerns about a bank going under in Hong Kong than I do in the US. And in Hong Kong I can move money into gold or any number of currencies.

In recent years, both in Hong Kong and internationally, an increase in emphasis has been placed on board diversity, and, in particular, on including more women in the boardroom.

Talk about the bad coming with the good.

Renminbi deposits have fallen to their lowest level since July 2011 in January, said the Hong Kong Monetary Authority. It is the second monthly drop for renminbi deposits.

Hong Kong is one of the fastest paced places in the world, and for business executives stress is part and parcel of everyday life today.

The new B-Class features new petrol engines and the PRE-SAFE® preventive occupant protection system.

The Lunar New Year did spike retail sales but not enough, according to some analysts.

The number of millionaires in the city seems to have dwindled somewhat due to the tough times.

Rumors have begun swirling that Prudential is considering moving its headquarters to better withstand tougher capital rules putting increased pressure on its balance sheets.

The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.