Hong Kong

Gross insurance premiums surge 11% in 2010

Gross insurance premiums surge 11% in 2010

General insurance business recorded 5.9% increase net premiums to $21.7bn.

64% of Hong Kong finance professionals feel job satisfaction

Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.

China Rongsheng Heavy Industries strikes a shuttle tanker deal

The 75,000 DWT will be used in the energy projects of CNOOC.

Kingsoft appoints Shun Tak Wong as Chief Financial Officer

Wong resigned as an independent director to replace Donghui Wang.

Hong Kong’s equity capital markets plummet 27% to US$37.6b in 2011

Morgan Stanley is the top bookrunner in Hong Kong, with total proceeds of US$7.2 b so far, increading its market share by 6%.

PineBridge Investments appoints Desmond Tjiang as managing director

He will also be portfolion manager for Greater China and Hong Kong.

Hong Kong’s Exchange Fund assets plunge $38b in August

The Monetary Authority announced that total assets of the Exchange Fund amounted to a whopping $2.45t at the end of the month.

Fancy some wine? Apparently not

For the first time in almost 20 sales Sotheby’s was left with one bottle too many of Chateau Lafite Rothschild after failing to attract buyers.

Expired index futures contracts to be settled on 30 September

That is if they expired on 29 September and could not be settled due to market closure.

Trading resumes in Hong Kong

Typhoon Nesat, which made Hong Kong issue the highest storm warning in two years, caused the stock exchange to halt trading on 29 September 2011.

Why not make that runway our office lobby?

The idle Kai Tak Airport, being tapped for housing, could be redeveloped to add as much as 40 million square feet of prime offices by 2021.

CapitaMalls Asia’s Hong Kong shares to begin trade in October

It sought the secondary listing to support plans to expand in China.

Dr Eddy Fong stays as Securities & Futures Commission chief

Financial Secretary John Tsang believes in Fong’s capacity to lead the commission.

Safety standards for toys and children's products to be updated

The Government has proposed the adoption of the latest safety standards promulgated by the relevant standards institutions for toys and eight types of children's products designated under the Toys and Children's Products Safety Ordinance. Views from the trade and the public are being sought by the government.

Google to set up data centre in Hong Kong

The Government of Hong Kong welcomed Google's announcement today to build a data centre in Hong Kong.

Committee to spearhead R&D in Chinese medicines

The Innovation and Technology Commission today announced that the Government will form a new committee to spearhead and promote research and development and testing of Chinese medicines in Hong Kong.

Current climate for Hong Kong banks worse than in 2008, says Nomura

The 2008 global financial crisis was apparently better for Hong Kong banks.