Hong Kong
RMB deposits up 2.2% to 622.2b
RMB deposits up 2.2% to 622.2b
Total remittance of the renminbi for cross-border trade settlement amounted to 190.6 billion yuan.
Exchange Fund assets plunge 37.1% to $2t
And Hong Kong dollar assets alone decreased by $22.3 billion.
Government posts more than $5b deficit
Expenditure for the six months ending 30 September 2011 was more than $156b.
Trade Marks Registry finds inaccurate data
Internal audits of its register revealed inaccuracies blamed on human error.
Hong Kong opens doors to Polish firms
The Hong Kong-Guangdong Business Conference in Warsaw introduced combined business advantages that Hong Kong and Guangdong offer Polish companies.
September mortgage loans drop 6.4% to $13.8bn
Yet approvals for primary market transactions surged 2.6% to $2.6bn.
Air China inaugurates the Mainland’s initial test of biofuel flight
Experts seen the quality of environment-friendly aviation biofuel to meet or even surpass the current aviation oil standard.
Air China profit down 26.5% to CNY5.17bn
The airline posted passenger load factor at 84.65% up 2.21 percentage points compared with the same period in 2010.
Did you apply for employees’ compensation? Your personal data could be lost somewhere
The Police has been informed about a missing document containing personal data of people that applied for employees’ compensation.
Did you get a 5.9% salary increase in June?
Mid-level managerial and professional employees had higher monthly salaries compared with last year - so are you one of them?
Cheer Regal buys Sai Kung site for $719mn
The site area is about 17,940 sq. m. and is designated for hotel purposes.
Lunar New Year fair stalls to open for auctioning
1,171 wet goods stalls, 817 dry goods stalls, eight thematic stalls and 16 fast food stalls will be put up for auction.
Grade A office rents in Central down 1.5%
Rents to edge down 8% in the next 12 months behind the fragile economic recovery of the US and the debt crisis in the Eurozone.
Government raises red travel alert for Thailand
Now is not the best time to be travelling to Thailand.
COSCO Pacific Limited 3Q profit down 5.5%
The company’s profit for the three months ended 30 September 2011 was less than US$95m.
Ahoy! Kai Tak cruise terminal to boost economy
But we’ll have to wait till 2013 before Kai Tak is commissioned.
Are Hong Kong parks turning into residential sites?
If they are, then there will be 44,000 hectares more land for homes.