News

Huadian Fuxin reduces IPO size

Huadian Fuxin reduces IPO size

State-owned clean energy firm Huadian Fuxin Energy Corporation falls victim to the weak global economy.

Diageo mulling Hong Kong IPO

The British company that owns Johnnie Walker, Smirnoff and Baileys is considering an IPO in Hong Kong.

Foreign currency reserves down slightly in April

It decreased by US$3.7 billion to US$291.9 billion at the end of May.

Hong Kong touts investor protection initiatives

The government says it will introduce further measures to protect investors when appropriate.

Most Hong Kong managers are blind to a staff's long-term value

A study found that Hong Kong managers measure a new hire's impact on the 1st year and then lose interest.

Towngas makes massive investment in eco-friendly energy

The Hong Kong and China Gas Company, widely known in the city as Towngas, plans to spend HK$10 billion to expand in China.

Hong Kong’s economic growth could slip further

Hong Kong’s economy grew 5% in 2011, which was lower than the previous year's 6.8%.

Three Hong Kong IPOs fall apart in one week

Three IPOs in Hong Kong that were to have been launched last week have been shelved.

A May to forget for the Hang Seng

The Hang Seng Index ended its worst May in 14 years, plunging 11.7%, and dropping for four straight weeks, the longest since November 2011.

Russian oil major to list in Hong Kong

Russia’s second largest oil company plans a secondary listing in Hong Kong in mid-2013 to draw investors.

KEB opens trade finance center in Hong Kong

A major Korean bank has opened a financial center in Hong Kong for the first time.

Long-haul arrivals from Russia up 30% in April

Russians helped fuel an increase in visitor arrivals in Hong Kong to 3.84 million.

Internship experience top Chinese employers' main criteria

28% ranked it as main priority, while educational background and communication skills were considered least important.

Approved mortgage loans drop

Approved mortgage loans in April fell 9.7% to $25.4 billion from March.

Total exports, imports up

The values of Hong Kong's total merchandise exports and imports recorded year-on-year increases of 5.6% and 5% in April, the Census & Statistics Department said.

HSBC puts on hold plans to transfer to Hong Kong

HSBC plans to stay in London despite the huge expense of doing business in the British capital.

Exchange Fund rises on equities

Equities boost the Exchange Fund to $43.8 billion in the first quarter this year.