Hong Kong
HKEx to potentially form JV with Shanghai and Shenzhen bourses
HKEx to potentially form JV with Shanghai and Shenzhen bourses
Hong Kong Exchanges and Clearing Ltd has agreed to enter into detailed discussions with the two stock exchanges.
Executive compensation in Hong Kong up 19% in 2010
The catch: long-term incentives remained low.
Singamas profit soars by 899.8% to US$101.9mn
Positive demand for new containers, effective cost controls and further improved production efficiency spurred profit growth.
British Airways to add three weekly Hong Kong-London services
Services to commence from March 2012 as Hong Kong is fast becoming an important stopover point en-route to Australia.
Royale Furniture profit up 50.8% to HK$90.5mn
Unique growth strategies and expansion plans boosted revenue and profit growth.
Cathay Pacific and Dragonair July passengers up 1.6% to 2.52mn
Yet the two airlines cargo and mail load dropped 11% to 140,050 tonnes.
Hong Kong likely to lose Manchester United IPO
The team is now reportedly setting its eyes on Singapore for its $1b initial public offering.
Guoco Group raises stake in Bank of East Asia
It bought 1.4 million shares for about HK$40.12 million.
Country Garden Holdings interim profit up over 62%
The real estate developer plans speeding up land acquisition.
20b yuan quota pledged for investors
The quota pledged by Vice Premier Li Keqiang aims to support Hong Kong companies investing in securities in China.
Interbank rates will stay low until early 2013, says analyst
HKD interbank rates could rise more slowly than USD rates amidst ample liquidity environment.
Second quarter credit card receivables up 3.9% to $87bn
Yet delinquent amount surged to $176mn at end of June from $162 million at end of March.
China Wireless first half profit down to HK$119mn
Despite 44.0% rise in turnover, the group’s “Coolpad” 3G smartphones in the mid- to low-end market in China faced tough competition.
China Everbright International’s Germany photovoltaic power station starts operation
The group’s first overseas project to commence operation is also Europe’s largest amorphous silicon thin film photovoltaic power station.
Comba Telecom opens Mexico City office
The move is part of the company’s expansion in Latin American markets.
China Resources Cement profit up 236.8% to HK$2.04bn
The company extended the Company’s geographical coverage from Southern China to Shanxi and Inner Mongolia through acquisitions.
CITIC Telecom profit up 30% to HK$233.8mn
All of the company’s business segments sustain growth behind active product innovation.
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