Hong Kong
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong GDP grows 5.9% to $413.5bln
China remains largest external factor income inflow source at 43.8% as GNP $17.6bln larger than GDP.
Dragonair launches new service to Shanghai's Hongqiao Airport
16 daily flights between Pudong and Hong Kong further strengthen trade and economic ties between cities.
HKRH’s subsidiary invests RMB18mln in China operations headquarters
Collaborates with World Gold Council to launch the “Only Gold” product series in China.
Crown hires Richard Marriott Immigration Quality and Compliance Manager
Company seeks to take advantage of Marriott's immigration compliance experience in Australia.
HKMC to launch premium loan guarantee scheme
Scheme will guarantee to banks of up to 70% combined loan-to-value threshold of the premium loan.
Hong Kong RTGS incorporates real-time features to SwiftNet
Move enhances lenders' interoperability by using uniform standard to process domestic and international payment.
Asia-Pacific fund managers bullish on equities
Half of fund managers with overweight view on equities yet cautiously optimistic towards Greater China.
Construction work gross value up 7% to $28bln
Residential projects have largest share with $6.4bln in second quarter but down 3.8% in nominal terms.
Broadcasting Authority backs Asia Television shareholding changes
Agency reminds ATV to respect all statutory requirements and licensing conditions pertaining to management and control.
Second quarter service industries' receipts rise
Yet financing and banking industries recorded slight drops of 2.7% and 0.3% in business receipts.
Combined Cathay Pacific and Dragonair August passengers up 9.7%
August cargo traffic not quite as strong as the previous month in terms of volume.
NAR issues US$33 million convertible bonds
Estimated HK$243mln proceeds to be used for acquiring iron concession in Mongolia and facilitate future acquisitions.
Shanghai Pharma to raise $1.2bln via HK IPO
Company to offer 25% stake to fund acquisition of rivals and sales networks.
Vodafone divests China Mobile stake for $6.5bln
Sold 642.9 million shares for HK$79.20 after its value doubled and deemed minority holdings insignificant.
Hong Kong's finance industry faces talent shortage
91% of employers in Hong Kong’s finance industry report skills shortage in finance and accounting.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
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