Hong Kong
China Gas profit up 32.2% TO HK$1.23bln
China Gas profit up 32.2% TO HK$1.23bln
Natural gas sales up 21.8% TO 1.83bln m3 as projects increased to 140.
Qin Jia Yuan profit up to HK$80mln after HK$390.37mln loss
The Group banks on greater synergies from cross-media business platform to generate higher income and future profit.
IDT International profit up 7% to HK$262.9mln
Improvements are being made to uplift production efficiency and lower the costs of production to enhance the profit margins.
Hong Kong exchange fund assets up $13.8bln
Backing assets down $1.8bln due to exchange loss triggered by a stronger Hong Kong dollar and the redemption of Certificates of Indebtedness.
Everbright International completes rooftop thin film photovoltaic construction
The Project is part of the group’s development of alternative energy business which includes the solar and wind power.
HSBC Insurance appoints new chief for HK operations
Effective 25 November 2010, Robert Lang will be joining HSBC’s Executive Committee in Hong Kong.assuming the position of Managing Director for Insurance Businesses in the region.
October mortgage applications up 16%
Yet new loans approved dropped 2.2% to $30.8bln while an increase of $1.8bln was registered in approvals for primary market transactions.
Fairwood profit up 43% to HK$70.7mln
The Group confident on reaching its target of operating 100 fast food outlets in Hong Kong by the end of this fiscal year.
China Gas and OOC to develop LPG market
Cooperation with OOC will enhance Shanghai Zhongyou Energy’s ability to integrate the LPG business aimed to enhance overall corporate value.
HSBC appoints Paul Thurston Chief Executive Retail Banking and Wealth Management
The lender also appointed Brian Robertson Chief Executive, HSBC Bank plc and Marc Moses becomes Group Chief Risk Officer.
How top brands market to mainlanders
Marketing to wealthy mainlanders already in Hong Kong is the name of the game for the city’s luxury retailers and hoteliers, yet it’s not as easy as it seems. Spending big in China to reach just a fraction of the audience is expensive, yet wealthy mainlanders often do not consume much in the way of Hong Kong media when they arrive. So how do brands market to the wealthy mainlanders already in Hong Kong to try and ensure they, well, try their brand?
October exports soars 13.9% while imports up 14%
Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.
Fitch upgrades Hong Kong's rating to AA+
Fitch's decision deemed as acknowledgement of Hong Kong's economic strength and its success in weathering international financial crisis.
Mingfa proposes issuance of HK$1.94bln convertible bonds and warrants to Warburg Pincus
Mingfa believes that collaboration with Warburg Pincus is a huge endorsement of its business vision to increase its for land acquisition and strengthens shareholder base.
OP Financial incurs loss of HK$137.05mln
The investment company still optimistic that the first half of the financial year was a period for sowing seeds aimed at future growth.
HK residents most concerned about personal and financial security issues
Yet almost half of Hong Kong people leave themselves vulnerable to cybercrime by not locking their mobile phones with a password or PIN.
Cathay Pacific adds Honolulu to its network
Latest code-share agreement with Japan Airlines to enable passengers easier travel to Hawaii.