Hong Kong

Public tenants banned from buying their own units

Public tenants banned from buying their own units

More than 150,000 applications were on the list and the administration had no plan to re-launch the tenants purchase scheme.

HKRH’s retail sales under 3D-GOLD Brand surged 113% during the National Day Golden Week Holiday

Sales of 3D-GOLD’s self operated and franchised shops in China soared 115%.

Kingsoft appoints Zhang Hong Jiang as Chief Executive Officer

Zhang will replace KAU Pak Kwan, who has been re-assigned as a nonexecutive director of the Company.

Government proposes Competition Bill amendments

The Secretary for Commerce & Economic Development aims to push for the amendment to tackle SMEs’ concerns.

Companies Registry 2010-11 profit reaches $226mn

The launching the e-Registry has seen 143,797 new companies being incorporated.

Land Registry FY2011 profit soars to 35.9%

The agency has launched a new option involving two stages of automatic conversion to accommodate divergent views and concerns of stakeholders.

Hong Kong is most expensive office location worldwide in 1H 2011

With Class A gross rents averaging $214 psf /year.

Unemployment rate unchanged at 3.2%

It’s the lowest level since December 1997 - February 1998.

Hong Kong launches offshore CNY-denominated gold product

Renminbi Kilobar Gold, the world’s first offshore Renminbi-denominated spot gold contract ends initial trading with value of CNY111.7mn.

HKMA: Hong Kong is Spain’s CNY business centre

Chan believes Hong Kong can provide the best support for Spanish corporations and financial institutions to conduct renminbi businesses as the currency’s internationalisation progresses.

HKMA and SFC seek opinions on OTC derivatives rules

The agencies want to collect views on developing a regime at par with international standards but takes into account local market conditions and characteristics.

August domestic exports plunge by 24.9%

Yet compared with the first eight months of 2011, the volume of total goods exports up 5.5% while the volume of goods imports rose 7.1%.

Francis Liu Hon-por appointed as new Director of Marine

He’s new role will take effect on November 2.

Lily Ou-yang appointed as new Commissioner for Census & Statistics

Deputy Commissioner for Census & Statistics Lily Ou-yang will succeed Fung Hing-wang as Commissioner from September 24.

Outstanding medical plans

As a key business unit within the CIGNA family, CIGNA International delivers access to quality healthcare and related financial protection programs to employers, affinity groups and individuals around the globe. 

The global economy and Hong Kong – a positive future?

Hong Kong’s strong export trading links with China, the US, the EU and Japan not only places the country at the heart of the global economy, but also, inevitably, renders it susceptible to the changes in fortune of its key export markets.