Hong Kong

Fortune REIT profit up 20.7% to HK$597mn

Fortune REIT profit up 20.7% to HK$597mn

Occupancy and rental rates for the 11 properties climbed to record high 98.7%.

China Everbright International inks HK$378.67mn biomass power generation project

The project in Laiyang, Shandong is part of the company’s goal of actively expands business presence in alternative energy business.

Hong Kong goods imports up 14.8% in December 2010

The value of Hong Kong's total goods exports rose 12.5% y-o-y in December.

Sino-Life sets up Hung Hom, Kowloon office

The group continues to advance funeral service practices and open a new chapter for the industry.

Hong Kong negative equity mortgages drop to 118 cases

December aggregate value of residential mortgage loans in negative equity down by $50 million from value in September.

HSBC unveils first insurance course for university students

The course gives unique opportunity for executives to share their knowledge, experience and insights on the industry with the next generation of insurance and finance leaders.

Mortgage loans approved down 23% in December 2010

New mortgage loans drawn down during December rose by 11.3% to $31 billion compared with November.

91% of HK businessmen see a bleak 2011

Respondents with positive expectations fell from 28 per cent to 26 per cent.

Hong Kong’s December overall consumer prices up 3.1%

The underlying consumer price inflation averaged at 1.7% for 2010, as expected by government forecasts.

Cathay Pacific names Ivan Chu director and COO

Chu's appointment is part the airlines senior management move after CEO Tony Tyler will resign on 31 March.

Pacific Andes profit up 7.4% to HK$1.09bn

The fishing company achieved sustained organic growth momentum across all operations while capturing expansion opportunities.

Cathay Pacific fuel surcharge to rise 11% in February 2011

The Civil Aviation Department has approved passenger fuel surcharge increases for Cathay Pacific and All Nippon Airways for February.

HSBC appointed Ronald Tham as Global Banking's Head of Coverage and Family Office in Hong Kong

The series of senior appointments in HSBC's Global Banking team is seen to strenthen their existing Global Banking platform.

284 companies invested in Hong Kong in 2010

Invest Hong Kong beat its annual target for the number of completed projects for the 10th year in a row.

Salaries in HK seen to increase by 3.8%

A survey reveals employees in pharmaceutical & healthcare industry will see the biggest pay increases among all industries.

Minmetals Land contracted sales up 450% to RMB2.57bn

The company has also achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively.