Hong Kong

Hong Kong’s April tourist arrivals up 20%

Hong Kong’s April tourist arrivals up 20%

Though battered by the March 11 earthquake and its aftermath, the decline in arrivals from Japan was less than 1%, as business travel remained unchanged.

Hong Kong April total imports up 6.1%, exports up 4.1%

A visible trade deficit of $42.4bn, 14.4% of the value of goods imports, was recorded.

Only 4% of Fortune 500 companies have Asian directors

Of these 105 board directors with Asian descent, 22 live and work in Asia and hold board seats at 21 Fortune 500 companies.

Hong Kong housing boom may bring out underlying risks

Slowdown in residential sales activity over the past quarter revealed a growing uncertainty in the market as the number of overall residential transactions dropped significantly by 42%.

iVenture Card's opens HK office, unlimited access to HK attractions

iVenture Card opened its Hong Kong office on May 26 as it introduced the "See Hong Kong and Macau Pass".

Sixty building plans approved in April

The Buildings Department approved 60 building plans in April.

Comba installs wireless enhancement solution at Galaxy Macau Casino Resort

Comba designed, installed and commissioned a customized 2G/3G solution to enable ubiquitous wireless coverage within the resort.

Chaowei Power inks capital increase pact with Anhui Yongheng

Facilitates business expansion in Anhui, an area with significant development potential in its electric bike market.

Huawei inaugurates enterprise business in Hong Kong

The company also released its new end-to-end Telepresence 2.0 in Hong Kong as a key portion of its unified communication and collaboration solution.

Fuel surcharges fly

Levies are now up to $236 and $1,124 for short- and long-haul flights.

We hope to become a yuan clearing bank in SG: BOC HK

This as Singapore tries to compete with Hong Kong for trade settlement in yuan.

Labour department launches minimum wage calculator

The Labour Department launched a Minimum Wage Reference Calculator at its homepage and the GovHK website.

HK will remain the dominant offshore RMB centre for now: HSBC

This amidst possible establishment of Singapore as a second offshore RMB trading hub.

Noble Group launches $2.25bln loan facilities

Amounts borrowed will be used to refinance some of the company’s debt.

Hong Kong banks’ sales process needs improvement

Monetary Authority and SFC regularly supervise banks to ensure that their duties of disclosing accurate and adequate information and presenting balanced views about investment products are practised.

Inflation may deteriorate corporate payment performance--Coface

Study says Hong Kong is vulnerable to a sudden rise in risk aversion that could lead to a bust of the real estate bubble.

HK to cooperate on labour inspection and enforcement with Guangdong

Hong Kong will conduct a Training Co-operation Agreement on Labour Inspection and Enforcement with Guangdong.