Hong Kong

HK Chief Information Officer Jeremy Godfrey quits

HK Chief Information Officer Jeremy Godfrey quits

Godfrey is known for his Digital 21 strategy and his commitment to enhancing e-Government services, enriching the government IT programme and facilitating ICT developments in Hong Kong.

HK December Exchange Fund assets down $45.7bn

Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments.

Newtree Group profit down to HK$42mn

The group’s listing on the Main Board of HKSE and access to international capital markets lays a solid foundation for the Group’s long term development.

Minmetals Land acquires HK$1.2bn in Jiangning district, Nanjing City

The 179,000 sq.m. lot is located in the Science Park with mountain landscape and lake view.

Hongkong Electric Holdings name change gets approved

Shareholders of Hongkong Electric Holdings Limited approved a proposal by the Board of Directors to change the name of the Company to "Power Assets Holdings Limited", providing an identification which is in line with the Group's business development.

ADB supports China WindPower in developing 800MW Wind Power projects

The project will be financed in part from the proceeds of ADB’s 1.2bn Renminbi-denominated bonds issued in Hong Kong, China in October.

Lenovo and NEC form JV

Companies also exploring strategic cooperation in other areas as the JV aims to create Japan’s largest PC group.

Norton Rose names Ji Liu new Hong Kong corporate finance partner

Ji’s extensive US securities law experience eyed to reinforces the company’s ability to cover US law aspects of securities offerings in the region.

Hong Kong banking sector remained resilient in 2010

Total loans recorded a 28.6% increase last year, according to Hong Kong Information Services Department.

New Times Energy’s Argentina concession begins producing oil

New Times aims to use sees revenye from concession will be important in offsetting the costs of its upcoming 2011 exploration drilling program.

A decade of dedication to financial solutions that care

For almost a decade, Altruist Financial Group Limited (Altruist) has served the financial planning needs of 50,000-plus individuals and families charting their path to a happy retirement, supporting the education of children, and building up savings for medical expenses in the event of an accident or sudden, unexpected illness.

Rebranding gives fresh impetus to leading insurer

The brand is combining the adoption of a new logo and name with service quality enhancements to reinforce its status as an industry leader.

Exchange fund yielded $79bln in 2010

The Exchange Fund investment return was 3.6%, according to Monetary Authority Chief Executive Norman Chan.

HSBC Global Asset Management relocates Simona Paravani to Hong Kong

Parvani’s global investment experience eyed to strengthen the bank’s investment team in Asia Pacific region.

IFC issues 150mn renminbi bond in Hong Kong

The five-year bond aimed to support clean technology project in China.

Cathay Pacific appeals European Commission’s antitrust decision

Appeal follows another one filed by the airline in the Seoul High Court challenging a similar decision by the Korean Fair Trade Commission.

Property investors seen to focus on office and retail sectors

Prospective capital of office and retail sectors expected to grow 14% and 17% respectively during 2011.