Hong Kong

Tao Heung profit up 20% to HK$125mn

Tao Heung profit up 20% to HK$125mn

Rapid China growth and successful cost control fuelled the group’s growth.

Mapletree acquires Festival Walk for a whopping HK$18.8b

The retail mall is Mapletree’s first commercial property acquisition in Hong Kong.

Three reasons why mainland tourists shop in Hong Kong

HSBC cites the reasons why mainland tourists have been flocking to the country to satisfy their shopping needs.

Long live the “walking ATM’s”: Hong Kong's retail sales surge 24%

HSBC says the high demand is driven by the “walking ATMs”, or the Chinese mainlanders who pay with cash.

Department of Health orders recall of Chinese product

ChuFengT’ouKu Wan has been found to be tainted with paracetamol.

Hong Kong stocks drop for the first time in 5 days

Stocks fell prior to release of a labor report that may show a slowdown in US employment.

What you need to know about Hong Kong’s seemingly bearish economy

Growth has been falling since September 2010 and inflation reached 7.9% in July - what’s next?

Henry Tang condemns protest at public forum

The Acting Chief Executive criticised the protesters for “abusing the rights of the forum participants and disrupting what would have been a fair and rational discussion”.

BlackBerry Bold 9900 available in Hong Kong on Sep 9

The new smartphone’s is equipped with new BlackBerry 7 operating system with a significantly faster, more fluid web browsing experience.

Singamas picked as constituent stock of Hang Seng Composite Index

The inclusion reflects the strong recognition of the Company from the investment community.

China Nickel Resources profit up 592% to CNY106mn

The group’s integrated development of mineral resources, nickel and special steel products enters into a new stage of development.

Development Bureau junks mall proposal

The Bureau said the proposed granting of consent to the developer of The Pulse to lease out shops was not worthy of consideration.

Chu Kong Shipping Development profit up 7.5% to HK$73mn

The company teams up with large shipping companies to optimize port business model.

ZTE profit down 12% to CNY769mn

Group posted revenue growth of 8.01% for carriers’ networks, 43.96% for terminal products and 42.29% for telecommunication software systems, services and other products.

Futong Technology down 24.5%to HK$30mn

Revenue from IT services provision up 162% as the company puts greater emphasis on IT Services, which paves the way for future growth.

Yip’s Chemical posts first half profit at HK$103mn

Despite profit drop, the group still optimistic to reach its annual turnover target of HK$20bn by 2015.

Herbert Smith appoints Mark Johnson as new head of Asia

As head of Asia, Johnson will chair the firm's Asia Executive Committee and take a lead role in the development and implementation of the firm's Asia strategy.