Hong Kong
Exchange Fund total assets surges by $43bln
Exchange Fund total assets surges by $43bln
Foreign currency assets grew $24.2bln behind gains on foreign currency investments.
Professional services grant scheme opens
Grant funds projects aimed to increase Hong Kong's professional services' competitiveness, and enhancing the service standard.
Net FDI in Hong Kong improves
The country has historically run a large FDI flow deficit, noted HSBC.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Minmetals Land buys land in Huizhou for HK$870mln
977,000 sq.m. accessible land located in hot spring reserve and resort area suitable for high-end development.
OOCL hikes rate on North East Asia-Australia services
Freight rates increase to US$ 250 per TEU to ensure maintained quality service.
Goldman divests 2.75bln ICBC shares for HK$15.9bln
Sale to boost Goldman’s returns from 37% of its initial investment to about $4bln.
Swire Properties invests $800,000 in electric vehicles
Group buys 2 Nissan LEAF vehicles as it steps up drive to reduce carbon footprint.
Cathay Pacific signs code-share agreement with Alaska Airlines
Partnership expands Hong Kong carrier's reach in North America and increases overall passenger volume.
Mercedes-Benz launches StarElite
The sub-brand targets the premium used car market in Hong Kong through the StarElite Certified Pre-Owned Program.
Jason Brown joins North Asia Strategic as Non-Executive Director
NAS expects the Goldman Sachs executive to share his investment banking experience specialising in Asia.
Insurance commissioner helps restore faith in sector
Industry seen to rebound by responding well to government's measures in regaining consumer confidence.
Hong Kong posts double-digit import-export growth in August
Exports to Asia grew 41% especially to Thailand, Vietnam and China.
UC Rusal intends to acquire NORINCO sales subsidiary's stake
Company teamed up with NORINCO for increasing volume of high-tech aluminium production sales in China.
Mongolian Mining plans raising HK$5.44bln via SEHK listing
Goes for global offering of 719,424,500 shares at HK$6.48-HK$7.56 per share starting on September 28.
HSBC kickstarts first Middle East RMB trade settlement transaction
Move enabling Middle East businesses to settle payments in RMB, unleashing opportunities for Asia expansion.
Yip’s Chemical launches revamped website
Further enhances corporate transparency by enhancing regularly updated content of new website.
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