Hong Kong Daily News 2011.07.07

China shares down, Hong Kong edges up; banks mixed after rate hike
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, July 7 (Reuters) – Shares in Shanghai fell on Thursday from a six-week high, in the wake of China’s third interest-rate hike this year, as some investors appeared to take profit in large-cap stocks while …
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Li Ning Falls Most in 6 Months in Hong Kong After Saying Sales to Decline
Bloomberg
By Michelle Yun and Stanley James – Thu Jul 07 12:58:01 GMT 2011 Li Ning Co. slumped in Hong Kong trading to its lowest close in more than two years after China’s largest sportswear maker said it expects first-half sales and profit margin to decline. …
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PRESS DIGEST – Hong Kong – July 7
Reuters
HONG KONG, July 7 (Reuters) – These are some of the leading stories in Hong Kong newspapers on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. — HSBC said it would raise mortgage interest rates based on Hibor, …
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Hong Kong’s Asia Television Retracts Earlier Report On Death Of Jiang Zemin
NASDAQ
HONG KONG -(Dow Jones)- Hong Kong’sAsia Television Ltd. said Thursday it retracted an earlier report on the death of former Chinese President and Communist Party chief Jiang Zemin, after the state-run Xinhua News Agency reported that foreign media …
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Sun Art Likely To Price Hong Kong IPO At High End Of Indicative Range – Source
NASDAQ
HONG KONG -(Dow Jones)- Sun Art Retail Group Ltd., which aims to raise up to US$1.06 billion in an initial public offering, is likely to price at the high end of the indicative price range for its Hong Kong IPO due to strong demand, a person familiar …
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Cathay Pacific promo: Hong Kong for $100 round trip
USA Today
“The first 25 people to click the ‘PURCHASE NOW’ button at the appointed time will get a roundtrip ticket to Hong Kong from Chicago for just US$100,” Cathay Pacific explains via a release. The airline will repeat that process three more times, …
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‘3D Sex and Zen’ Tops Hong Kong Box Office
XBiz
By Bob Johnson, XBIZ.com HONG KONG — Chinese porn film, “3D Sex and Zen: Extreme Ecstasy” has topped the Hong Kong box office raking in $6.3 million since its release in April. AsiaOne reported that the film has pulled ahead of all other Chinese …
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Experts find rogue stem cells in liver cancer
Reuters
By Tan Ee Lyn HONG KONG, July 7 (Reuters) – Liver cancers are embedded with a type of super cancer stem cells that make them resistant to chemotherapy, spread to other body parts and stage a comeback even after they are surgically removed, …
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Man Shing Agricultural Engages Moore Stephens, Hong Kong as Independent …
MarketWatch (press release)
HONG KONG, Jul 07, 2011 (MARKETWIRE via COMTEX) — Man Shing Agricultural Holdings, Inc. /quotes/zigman/566999 MSAH 0.00% (“Man Shing” the “Company,” “we,” “us,” or “our”), located in the Shandong Province and one of the largest Chinese exporters of …
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When Indian and Chinese troops saved Hong Kong from Japan
Daily News & Analysis
In his research, the first by an Indian official about presence of Indian troops in China, Col Jaishankar found out how the Indian and Chinese troops fought together to stave off Japanese invasion of Hong Kong, contrary to the tense stand-off that …
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Protest in Hong Kong: Monsoon of their discontent
The Economist
ON JULY 1st 2003 half a million people took to the streets of Hong Kong, forced the government to give up on a reviled law and ended the career of the territory’s chief executive, Tung Chee-hwa. This is not a Tung Chee-hwa moment, but the kettle is …
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Herbal TB Immunotherapy to be Presented at Hong Kong Conference
MarketWatch (press release)
Ekomed is presenting these latest findings, as well as further results with Immunitor’s V5 immunotherapy against TB, this week at the 3rd Asia Pacific Region Conference of the International Union Against Tuberculosis and Lung Disease held in Hong Kong …
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Aston Martin may list shares in Hong Kong
Telegraph.co.uk
Photo: ELEANOR BENTALL By Graham Ruddick Aston Martin bosses said the company will float “when the time is right” but opened the prospect of listing in Hong Kong. The comments were made at the company’s manufacturing base in the Midlands earlier today, …
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Blaze destroys former home of Hong Kong Restaurant
Pine Journal
Passing motorists slowed down and stared Tuesday morning, and yellow caution tape flapped in the breeze to bar curious onlookers from entering the burned-out shell of what was the original home of the Hong Kong Restaurant in Cloquet’s west end. …
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Market Notes: Banks Raises Hong Kong as Tokyo Turns Down By Utilities
Galaxy Stocks
Bank shares took a bounce back in Hong Kong Thursday on expectations that an interest rate boost by the Chinese central bank the yesterday may be its last this year, while a notable decline for utilities assisted Japanese stocks crack a seven-day …
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My life is in danger – Nyoka
Independent Online
Nyoka made the startling statement upon returning from Hong Kong where he attended an International Cricket Council AGM. “It wasn’ta specific threat, but I was made aware by two different sources that my security is at risk in terms of my own life,” …
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Hong Kong Air Cargo: June tonnage down 10.3%
MarketWatch
By Chester Yung HONG KONG -(MarketWatch)- Hong Kong Air Cargo Terminals Ltd. said its air-cargo tonnage fell 10.3% in June from a year earlier due to the slowdown of the global economic recovery and a higher base of comparison. …
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LJ International Inc. Announces 156 ENZO Stores to Date
MarketWatch (press release)
Scheduled store openings are in major cities within the People’s Republic of China including Shenzhen, Guangzhou, Fuzhou, Nanning and Hong Kong. LJI expects to open approximately 10 new ENZO stores in these regions. New locations were chosen for the …
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Marchers vent anger on Hong Kong prices, policies
San Jose Mercury News
By KELVIN CHAN AP Tens of thousands of people march in a downtown Hong Kong street to vent their anger over skyrocketing property prices and government policies, Friday, July 1, 2011 to mark the 14th anniversary of the former British colony’s return to …
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Ascendas plans up to $400 mln yuan REIT in Hong Kong – IFR
Reuters
HONG KONG, July 7 (Reuters) – Property developer Ascendas Group plans to raise $300-400 million by listing its three Shanghai commercial properties in Hong Kong via a yuan-denominated real estate investment trust (REIT), IFR reported on Wednesday. …
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VTB Capital wins Hong Kong investment banking licence
FinanceAsia
By Lara Wozniak | 7 July 2011 VTB Capital, the investment business of Russia’s VTB Group, has won an investment banking licence from Hong Kong’s Securities and Futures Commission. This is one more step for the partially state-owned VTB banking group to …
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Mini keyboard shown in Hong Kong
Xinhua
A model displays a credit card-sized wireless keyboard in Hong Kong, south China, July 6, 2011. The mini wireless keyboard invented by a company from south China’s Guangdong Province was promoted at an exhibition in Hong Kong on Wednesday. …
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Two suspected counterfeiters arrested in Hong Kong
Monsters and Critics.com
Hong Kong – Hong Kong police have arrested two accused members of a counterfeit money-making syndicate operating for about six months, a news report said Thursday. The arrests came as police said they seized counterfeit 100-Hong Kong-dollar …
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LegCo members visit Hong Kong Science Park
7thSpace Interactive (press release)
Hong Kong (HKSAR) – Members of Legislative Council’s Panel on Commerce and Industry visited the Hong Kong Science Park today (July 7) to learn about its development, in particular the technological achievements of research and development (R&D) centres …
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Mystery lingers over Chinese cinema’s ‘Great Revival’
The Independent
And while the mystery builds over box office figures in China, down in Hong Kong, the Motion Picture Association this week confirmed results for the first six months of the year. Overall box office receipts are down four percent to HK$622 million (60 …
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Two Korean financial groups launch $1.85 bln share sales-sources
Reuters
HONG KONG, July 7 (Reuters) – Two Korean financial groups aim to raise up to $1.85 billion as soon as Thursday in separate share offerings, sources with direct knowledge of the plans said on Thursday. Kookmin Bank plans to sell 34.97 million shares in …
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United Brands Establishes Presence for China, Hong Kong
Diamonds.net
Marketing firm United Brands Worldwide, which specializes in jewelry industry branding, established management and consulting services for Hong Kong and China through two new divisions — United Brands Asia and UB China. ”There is serious demand for …
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H.K. Resources Says Chairman, Director Assisting ICAC Probe
Bloomberg
By Billy Chan – Thu Jul 07 07:51:37 GMT 2011 Hong Kong Resources Holdings Co. Chairman Wong Ying-ho and Executive Director Chui Chuen Shun are assisting in an Independent Commission Against Corruption investigation, according to a statement from the …
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2011 Annual Survey of Companies in HK Representing Parent Companies Located …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Census and Statistics Department today (July 7) reminded the management of the companies which had received the questionnaire for the 2011 Annual Survey of Companies in Hong Kong Representing Parent Companies Located outside …
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Rising violinist to perform with China Philharmonic Orchestra (Hong Kong)
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The China Philharmonic Orchestra (Hong Kong) will collaborate with promising violinist Patricio Lau for a concert in August. Under the baton of music director Lim Kek-han, the orchestra will play Mozart’s “Overture: The Marriage of …
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Research and Markets: The Future of Retailing in Hong Kong to 2015 – Report …
Business Wire (press release)
This report provides uniquely detailed data on the size and development of retail sales of individual product types through specific retail channels and formats in Hong Kong. It provides a detailed and comprehensive analysis of the trends affecting …
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WB Falls For Undying Love
Comic Book Resources
Set in modern Hong Kong, Undying Love follows ex-soldier John Sargent, who follows for a beautiful woman named Mei only to discover she’s a vampire. To free Mei from her curse, Sargent must destroy the powerful vampire that created her and battle an …
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BYD stocks drop as car loan tie-up fails
China.org.cn
Shares of BYD Co fell 3.16 percent on Hong Kong Stock Exchange yesterday after its car loan joint venture collapsed. BYD, backed by billionaire Warren Buffett, said its French partner Compagine Generale de Location d’Equipements decided to dissolve the …
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Aon Opens Hong Kong Office for Space Risks
PropertyCasualty360
Chicago-based insurance broker Aon Corp. says its Aon Risk Solutions unit has opened a Hong Kong office for its new Asia-Pacific division of International Space Brokers (ISB). ISB’s senior vice president and regional director for Asia, Craig McGilvray, …
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Why is Hong Kong so literally green?
CNNGo.com
By Christopher DeWolf 7 July, 2011 If we had to pick a color to associate with Hong Kong, the obvious choice would be a big, brash, Chinese red. Yet, many Hongkongers would pick red’s complementary hue: green. “I call this color ‘grassroots green,’” …
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Building on Trisomy 21 Test, Hong Kong Team Develops Method to Detect T13 and T18
GenomeWeb Daily News
By Monica Heger Building on a sequencing-based approach to non-invasively detect fetal trisomy 21 in maternal plasma, Dennis Lo of the Chinese University of Hong Kong and his team have shown that the method, with slight modifications, can be applied to …
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HSBC Global Asset Management appoints new Asia CIO
Risk.net
Maldonado will relocate from London to Hong Kong in August, but will retain his current responsibility as strategy CIO for equities. He will also continue to report to London-based Chris Cheetham, global chief investment officer. …
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Service Corps recruits young people to serve in Mainland underprivileged areas
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Home Affairs Bureau (HAB) is recruiting young people interested in serving in underprivileged areas of the Mainland to join a dedicated Service Corps. The first batch of participants will serve schoolchildren in Shaoguan City in …
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China s external debt at USD 585 97 bn
Moneycontrol.com
The amount does not include the outstanding external debts of the Hong Kong Special Administrative Region (SAR), the Macao SAR and Taiwan, the State Administration of Foreign Exchange (SAFE) said in a statement. Of the total outstanding external debt, …
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Thousands mobilize against Hong Kong state-sponsored ‘ex-gay’ therapy
Washington Blade
The former Marine and Arabic linguist who shot into the public eye after coming out on the Rachel Maddow show in March of 2009, has mobilized over 17000 advocates from around the globe to petition the government of Hong Kong to end its state …
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Outdoor programme “A Kaleidoscope of Stories” at Hong Kong Cultural Centre …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – Organised by the Leisure and Cultural Services Department, the outdoor programme “A Kaleidoscope of Stories” will be held at the Hong Kong Cultural Centre Piazza this weekend (July 9 and 10) from 3.30pm to 6.30pm, featuring an array …
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Kaufmann-Rothstein International Expands Business Presence in Asia; Works to …
PR.com (press release)
Kaufmann-Rothstein International, a leading provider of trading services related to commodity futures and brokerage, is now invading Asia Pacific Region via business presence expansion with newly built office in Hong Kong. Haarlem, Netherlands, July 07 …
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Marlin & Associates hires Rob Agnew to lead Asia business
FinanceAsia
By Nick Ferguson | 7 July 2011 New York’s Marlin & Associates is set to join the list of boutique investment banks targeting growth in Asia after opening an office in Hong Kong. The firm, run by ex-marine Ken Marlin, specialises in providing strategic …
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Spectrum Wine Auctions Rounds Out June With Over $8 Million at June 25 & 26 …
PR Newswire (press release)
IRVINE, Calif., July 6, 2011 /PRNewswire/ — Spectrum Wine Auctions dazzled bidders in Hong Kong on June 25 and 26 at its largest sale to date since launching in July 2009. Guests entered the newly built 118-story gem of Hong Kong, the International …
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AsiaRooms.com – Experience Ngong Ping 360 Shaolin Kung Fu Showcase in Hong Kong
The Open Press (press release)
(OPENPRESS) July 07, 2011 — The Ngong Ping 360 Shaolin Kung Fu Showcase will be performed in Hong Kong throughout July and August. It takes place at the Ngong Ping Village on Lantau Island, where a group of trained martial artists will show off their …
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KB Financial launches $1.71 bln sale of treasury shares – source
Reuters
HONG KONG, July 7 (Reuters) – KB Financial Group Inc launched a sale of treasury shares worth $1.71 billion, a source with direct knowledge of the deal told Reuters on Thursday. The 34.97 million shares were offered at 51600 to 52000 won each, …
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Bulky luggage, busy stations likely MTR accident culprits
Asian Correspondent
By Elmer W. Cagape Jul 07, 2011 8:39AM UTC MTR is one of the safest ways to travel within Hong Kong. Yet, as it accommodates hundreds of thousands of passengers daily, and rush hour surge of workers and students, a wrong step in the escalator or a …
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Hong Kong Daily News 2011.07.06

Bluestar Adisseo Seeks Two-City IPO
Wall Street Journal
By PRUDENCE HO And YVONNE LEE HONG KONG—Bluestar Adisseo Nutrition Group Ltd., a maker of animal nutrition products partly owned by US private-equity firm Blackstone Group LP, aims to raise around US$1.5 billion in a Hong Kong-Paris dual listing, …
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Hong Kong, China shares end lower as stake sales slam Chinese banks
Reuters
By Clement Tan and Yixin Chen HONG KONG/SHANGHAI, July 6 (Reuters) – Chinese banks dragged shares in Hong Kong and Shanghai below key technical support levels on Wednesday after Singapore state investor Temasek Holdings (Private) Ltd sold off a …
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Hong Kong Manufacturing Grows At Slowest In 23 Months
Wall Street Journal
(Rewrites the lead, adds comments from HSBC from the fourth to the seventh paragraphs, background on Hong Kong economy and inflation in the eighth paragraph.) By Chester Yung Of DOW JONES NEWSWIRES HONG KONG (Dow Jones)–Manufacturing activity in Hong …
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Marlin & Associates Opens Hong Kong Office and Names Industry Veteran Robert …
MarketWatch (press release)
The new Hong Kong office will be led by industry veteran, Robert (“Rob”) Agnew and will be located at 1311 Capitol Centre Tower II, 28 Jardine’s Crescent, Causeway Bay, Hong Kong. “Rob comes to M&A with an impressive background,” commented Ken Marlin, …
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Asian shares weighed by European woes
AFP
HONG KONG — Asian stocks were mixed Wednesday, with Tokyo hitting its highest close since the March 11 quake on optimism over the US outlook, but a cut in Portugal’s debt rating to “junk” tempered sentiment. A tepid performance on Wall Street, …
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OMH abandons bid for Hong Kong IPO
Asia Times Online
By John Helmer MOSCOW – OM Holdings (OMH), the Singapore-based manganese miner and metals refiner, has abandoned a four-month effort to place shares on the Hong Kong Stock Exchange. The announcement came in a company release on Tuesday to the …
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China ‘censors’ Internet speculation about ex-president
AFP
The 84-year-old failed to appear at celebrations marking the 90th anniversary of the Communist Party on Friday, just as Hong Kong media reported he was ill, launching a frenzy of speculation online. His absence was conspicuous as numerous other retired …
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Taiwan Looks to Open Yuan Products to Insurers
Wall Street Journal
By FANNY LIU And CAROL CHAN TAIPEI—Taiwan’s financial regulator has proposed allowing the island’s insurance companies to invest as much as 10% of their overseas investment quota in Hong Kong-listed yuan-denominated bonds, stocks, equity funds and …
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Audi says China, Hong Kong H1 sales up 28 pct yr-on-yr
Reuters
BEIJING, July 6 (Reuters) – Volkswagen AG unit Audi AG said on Wednesday that it sold 140699 cars in mainland China and Hong Kong in the first half, up 28 percent from a year earlier. Sales totalled 27658 units in June, an all-time monthly record, …
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Chinese Brands: Big At Home, Hardly Known Abroad
Forbes
HONG KONG — Chinese brands still have a long way to go in terms of building a strong reputation outside of their home market. In a survey of the most valued brands in Asia conducted by research agency TNS, China’s consumer giants were conspicuous by …
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WarnerTV To Debut Network In Hong Kong On Now TV
WebWire (press release)
Hong Kong – now TV and Warner Bros. International Branded Services announce that the popular WarnerTV linear channel has become available to Hong Kong television audience. The 24-hour general entertainment network, featuring hit TV series and movies …
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The right to fight for the country
China Daily
By Lau Nai-Keung (HK Edition) More than 90 percent of Hong Kong citizens are Chinese nationals, but under “One Country, Two Systems” we are being treated differently. Recently, an issue which came under the media spotlight was whether we can join the …
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China’s BYD, Societe Generale unit end tie-up
AFP
HONG KONG — Chinese car maker BYD, backed by billionaire Warren Buffet, said Wednesday it has ended a joint venture to provide financing for car purchases in China with a unit of France’s Societe Generale. The company signed a 500 million yuan ($77 …
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Hong Kong athletes return from Special Olympics World Summer Games in triumph
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Hong Kong, China, Delegation that took part in the Special Olympics World Summer Games returned in triumph today (July 6) from the host city of Athens, Greece, having fetched a total of 115 medals, including 58 gold medals, …
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Hong Kong Airlines opens half-price luxury route to London
Monsters and Critics.com
Hong Kong – Hong Kong Airlines Ltd was to launch an all-luxury route to London, undercutting rivals’ business-class prices by more than half, a news report said Wednesday. Three Airbus 330-200 planes equipped only with 18 first- and 98 business-class …
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Hong Kong fashion focuses on the next big things
The Independent
Innovation seems to be the catchphrase being bandied about at this year’s Hong Kong Fashion Week for Spring /Summer – and it’s a word that covers both the styles being shown by Asia’s hottest young designers and the materials they are putting to use in …
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Hong Kong’s Next Heartthrob?
Wall Street Journal (blog)
By Reenita Malhotra Hora When the casting director for British action-comedy “Johnny English Reborn,” starring Rowan Atkinson (aka “Mr. Bean”) and Pierce Brosnan, was assigned to find a Hong Kong actor who had trained in the US and could play jazz …
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HAB responds to PAC Report No 56 on Hong Kong 2009 EAG
7thSpace Interactive (press release)
Hong Kong (HKSAR) – A spokesman for the Home Affairs Bureau today (July 6) said the Government had noted the conclusions and recommendations made by the Public Accounts Committee (PAC) in its report on the Hong Kong 2009 East Asian Games (EAG). …
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Tencent Acquires 15.68 % of Kingsoft in Strategic Investment
MarketWatch (press release)
We have several well-known products such as Kingsoft Office, Kingsoft PowerWord, Kingsoft Internet Security and online games such as “JX Series” On October 9th, 2007, Kingsoft was listed on the Hong Kong Stock Exchange (3888.HK). …
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Hong Kong stocks close down 0.1%
People’s Daily Online
Hang Seng China Enterprises Index, which tracks the so-called Hong Kong-listed Chinese companies, went down 0.24 percent. Turnover shrank to 60.9 billion HK dollars from Monday’s 78.97 billion HK dollars. Among constituent shares, the mainland bank CCB …
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LCQ4: Hong Kong International Airport Master Plan 2030
7thSpace Interactive (press release)
It is projected in the “Hong Kong International Airport Master Plan 2030″ (the Master Plan) that if a third runway is constructed, the practical maximum annual runway capacity will be about 620 000 air traffic movements (ATMs). …
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Buenaventura, Lasangue bag gold in Hong Kong tracks
Philippine Star
By Abac Cordero (The Philippine Star) Updated July 07, 2011 12:00 AM Comments (0) MANILA, Philippines – Manuel Lasangue and Riezel Buenaventura delivered the gold medal for the Philippines in the recent Hong Kong Inter-Cities Track and Field …
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Cecilia Cheung & Nicholas Tse to meet & discuss on their divorce
What’s on Xiamen
He demanded Cecilia Cheung to bring their sons back to the Tse residence before he returns to Hong Kong, when Reversal War wraps its shoot on Friday. Despite his warnings, Cecilia has yet to arrange for the boys’ return to the Tse residence and instead …
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HSBC Names Bill Maldonado Chief Investment Officer For Global Asset Management …
Wall Street Journal
HONG KONG (Dow Jones)–HSBC Holdings PLC (0005.HK) said Wednesday it appointed Bill Maldonado as Chief Investment Officer for its global asset management firm in Asia, with immediate effect. Maldonado, who will relocate to Hong Kong from London in …
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Inflation-tamer iBond set to roll
The Standard
But the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong predicts it may hit 7 percent in the second half of 2011. Institute executive director Alan Siu Kai-fat said the sale size – up to HK$10 billion in iBonds …
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Hong Kong Residents Encouraged To Recycle At Home
ChinaCSR.com
Hong Kong’s Environment and Conservation Fund has started a recycling program to help consumers separate food waste at home. Housing estates in Hong Kong are encouraged to partner with non-government organizations to hold education and promotion …
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HKU economists revise down Q2 GDP growth projections
China Daily
By Emma An (China Daily) Economists at the University of Hong Kong have lowered their estimates for Hong Kong’s GDP growth in the second quarter of 2011 to 4.6 percent from the previous 5.9 percent as external demand was weaker than expected. …
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Actress says no quarrel before fatal fall
EastDay.com
A WELL-KNOWN Hong Kong actress said yesterday that her husband’s sudden death “was an accident” and denied the couple had a quarrel that led to her husband’s fall from a Shanghai high-rise on Monday. Leanne Liu said in a statement issued yesterday …
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Carson Yeung affair is no distraction, says Birmingham’s Chris Hughton
The Guardian
Yeung, Birmingham’s controlling shareholder, is due to appear in court again in Hong Kong on 11 August, after he was charged last month with five counts of money laundering totalling £59m and covering a six-year period from 2001. …
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Hong Kong, Guadalajara and Kazan bid for worlds
euronews
NEW YORK (Reuters) – Hong Kong, Guadalajara in Mexico and Russia’s Kazan are the only cities to have submitted formal bids to host either the 2015 or 2017 world championships, swimming’ s world governing body FINA announced on Tuesday. …
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Sun Hung Kai’s Lai Sees China’s Yuan Gaining After Rate Increase
Bloomberg
By Fion Li – Wed Jul 06 11:48:44 GMT 2011 Kenix Lai, foreign-exchange analyst at Sun Hung Kai Securities Ltd. in Hong Kong, comments on the People’s Bank of China’s announcement today that it will raise benchmark lending and deposit rates by 25 basis …
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Government to enhance safety regulatory control on escalators
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Electrical and Mechanical Services Department (EMSD) is deeply concerned about a fatal accident caused by reversed operation of an escalator in aBeijing Line 4 subway station on July 5. The EMSD has requested the Hong Kong MTR …
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RS Feva Worlds: Royal Hong Kong Yacht Club Youth Squad Sailors to compete in …
BYM News (press release)
Tough competition will greet five young Royal Hong Kong Yacht Club (RHKYC) Youth Squad sailors at the RS Feva World Championship being held in the Netherlands this July. The Worlds have capped the number of boats that may enter at 180 and it is …
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Innovative Skincare® Expands Its Asia-Pacific Presence with New Hong Kong…
CisionWire (press release)
6 July, 2011 – Burbank, California USA & Hong Kong – Innovative Skincare®, manufacturer of iS CLINICAL® and INNOVATIVE SKINCARE®, two market leading ranges of clinically validated cosmeceutical skincare formulations, is pleased to announce the …
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Corruption at Customs
Philippine Star
In late 2010, 50 containers of chicken arrived from Hong Kong at Subic port for transshipment to Vietnam. Intercepted by the Bureau of Animal Industry, the ship carrying the containers was ordered to turn around and go back to Hong Kong. …
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Tom Ford Thinks ‘Americans Are Too Fat’
New York Magazine (blog)
Time Out Hong Kong interviewed Tom Ford as he opened a new store in the city. Though it proved to be a delightfully awkward affair, with reportedly a lot of reticence on Tom’s part (not to mention his refusal to tell jokes), he certainly didn’t hold …
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Creative Q&A: Ogilvy & Mather Hong Kong’s Simon Handford
Campaign Asia-Pacific
By Rhandell Rubio on Jul 6, 2011 (8 hours ago) Simon Handford, executive creative director at Ogilvy & Mather Advertising Hong Kong, shares his experiences of packing shelves in a supermarket, looking like Sinead O’ Connor, and the thrill of watching …
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HK Dollar Tad Lower On Weak Stocks, Narrow Range Tipped
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar was slightly lower against the US dollar late Wednesday, weighed down by the local stock market’s weak performance. In late Asian trade, the US dollar was at HK$7.7819, up from HK$7.7817 late Tuesday. …
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Moore’s late charge cuts margin to just two in HK
Racing Post
By jeremy greene in hong kong 5:02PM 6 JUL 2011 JOHN MOORE kept the dream alive of a first trainers’ title for 16 years at Happy Valley on Wednesday, when he reduced to two winners the margin between himself and Tony Cruz in the track’s final race of …
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India will avoid a flash crash: SEBI
Reuters India
HONG KONG (Reuters) – India will avoid a flash crash because it has more control of its markets than the US, says a top official from SEBI. We welcome comments that advance the story through relevant opinion, anecdotes, links and data. …
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Amax auditors ‘unable’ to verify results
Macau Daily Times
The auditors believe Amax’s interest in the casino is 24.8 percent and its profit should be reduced in line with the smaller stake, according to a company statement to the Hong Kong stock exchange. “The issued share capital of the associate [Greek …
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CME mulling Asian expansion
Investor’s Business Daily
The top US futures exchange operator is in the review stage of starting a clearing operation for swaps in Hong Kong or Singapore, as it looks to expand internationally amid a push to move over-the-counter deals to clearing houses. …
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App Store Analytics Startup App Annie Gets Backing From IDG, Preps Premium Service
TechCrunch
App Annie, a Hong Kong-based provider of app store analytics and marketing intelligence for Apple’s App Store, has raised an undisclosed amount in a Series A funding round led by IDG Capital Partners, the China-focused VC fund backed by IDG and Accel. …
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PRU Spins Off Commodities Biz Unit
Daily Markets
Prudential’s global commodities business consisted of US-based FCM, Prudential Bache Commodities, LLC; the broker dealer, Prudential Bache Securities, LLC; UK-based Bache Commodities Limited; and Hong Kong-based Bache Commodities (Hong Kong) Ltd. All …
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SouthGobi Receives Mining License for Soumber Deposit
MarketWatch (press release)
HONG KONG, CHINA, Jul 06, 2011 (MARKETWIRE via COMTEX) — SouthGobi Resources Ltd. /quotes/zigman/38823 CA:SGQ +0.65% (sehk:1878) announced today that the Mineral Resource Authority of Mongolia (MRAM) has issued mining license MV-016869 to its …
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Hong Kong Airlines Selects AsiaPay as Its Trusted Online Payment Service Provider
istockAnalyst.com (press release)
HONG KONG, July 6, 2011 /PRNewswire-Asia/ — Hong Kong Airlines Limited selects AsiaPay as its secure electronic payment processing solution provider for its online booking system. AsiaPay provides Hong Kong Airlines’ online booking system with its …
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Hong Kong Daily News 2011.07.05

China shares edge up to 6-week high, Hong Kong slips on banks
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, July 5 (Reuters) – Chinese shares rose to a six-week high on Tuesday on a late rally in utilities and coal-related stocks, and could build on gains if investors venture back into cheapened bank shares. …
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The Spirited Traveller: A view to a cocktail in Hong Kong
Reuters
Visit Hong Kong and you’ll quickly notice two things: the killer jet lag and the killer views. On the ground, Hong Kong is a busy, somewhat claustrophobic city, where business gets done at rapid-fire speed. But above the fray, a more serene mood takes …
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Offerings Grow, But China Falters
Wall Street Journal
From the US to Hong Kong, initial public offerings skidded through a rough patch in the latter half of the quarter, with companies cutting prices to get their stock market or postponing their plans outright. As investors wrestled with economic …
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OMH mulls demerger options after dumping Hong Kong listing
Creamer Media’s Mining Weekly
PERTH (miningweekly.com) − Manganese producer OM Holdings (OMH) on Tuesday abandoned its plans to dual list on the Hong Kong Stock Exchange (HKSE), with a view to potentially demerging its smelting and marketing businesses. …
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Hong Kong Retail Sales to Grow at Double-Digit Rate in 2011: Economist
CNBC.com
Retailers in Hong Kong are set to ring in another year of double-digit growth, according to HSBC, after sales in May grew at a record pace for the third straight month. “Registers have been ringing non-stop in Hong Kong since the start of this year, …
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Carson Yeung’s problems not distracting Chris Hughton
BBC News
Yeung is facing five charges of money laundering in Hong Kong, raising fears about the funding of the club. But as pre-season training begins, the new manager does not expect the news to have any impact on his preparations. “No, it’s business as normal …
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Hong Kong Box Office Down Slightly in First Half of 2011
Hollywood Reporter
HONG KONG — Overall film gross for the first six months of 2011 in Hong Kong has shrunk but local films have held their own, according to the Hong Kong Motion Picture Industry Association. Box office grosses totaled HK$633 million ($81 million) from …
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FINA to choose from 3 cities for 2015, 2017 worlds
USA Today
FINA says Guadalajara, Mexico; Hong Kong and Kazan, Russia, are the final candidates. FINA Bureau members will choose the 2015 host on July 15 ahead of the worlds being staged in Shanghai, China. FINA says the 2017 venue also will be selected “if two …
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Hong Kong fashion rocks
Trinidad & Tobago Express
By fibre2fashion.com More than 1700 exhibitors are taking part in the HKTDC Hong Kong Fashion Week for Spring/Summer and the concurrent HKTDC Summer Sourcing Show for Gifts, Houseware & Toys, which opened on Monday and continue until tomorrow at the …
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New Cathay Pacific and Hong Kong Tourism app by XS2TheWorld sets new standard
IT News Online
Now Cathay Pacific Airways and the Hong Kong Tourism Board, in conjunction with McCann Erickson and XS2Theworld, has created an app that does all of this in one place, and a lot more besides. Cathay Pacific has been a frontrunner in offering mobile …
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Asian shares mixed after recent rally
Economic Times
HONG KONG: Asian stock markets were mixed on Tuesday morning, with optimism after recent strong gains tempered by fresh concerns over Greece’s debt crisis. With Wall Street closed on Monday for the Independence Day celebrations many bourses were …
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How to find ‘safe’ stocks in China
CNN
Take Hong Kong-based tree plantation operator Sino-Forest (SNOFF), for example. Even John Paulson, who made billions betting against the housing market during the bubble, fell victim to Sino Forest’s alleged fraud after short-selling firm Muddy Waters …
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Hong Kong, Taiwan reach deal on official representative offices
Monsters and Critics.com
Hong Kong – Hong Kong was to open its first official representation in Taiwan following eight months of talks, a news report said Tuesday. In return, existing unofficial Taiwanese agencies in Hong Kong will be given official status, in what the South …
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Zac Purton’s appeal turned down
BigPond News
By AAP Tuesday, July 5, 2011 – 5:25 PM Australian jockey Zac Purton’s $A40,000 fine for failing to report an approach from a well-known Hong Kong punter will stand. Purton had his appeal dismissed on Monday, the Hong Kong Jockey Club website reported. …
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Tom Ford Talks China, Idea Of Beauty & Having Kids In Time Out Hong Kong
Huffington Post
Time Out Hong Kong caught up with Tom Ford to discuss his upcoming film (he mainly kept mum), pressures of the fashion industry and losing perspective (he now flies “on some commercial planes”) and the industry’s obsession with China. …
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Aon’s International Space Brokers Announces Opening of Hong Kong Operation
WebWire (press release)
CHICAGO and HONG KONG – Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corporation (NYSE: AON), today announced the Hong Kong opening of its space insurance practice, International Space Brokers. …
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Flirtation in Yuan Bonds Cools Off
Wall Street Journal
By LINGLING WEI BEIJING—A rush this year by issuers of risky bonds to tap the burgeoning yuan-debt market in Hong Kong has slowed, as investors are waking up to the idea that not every deal linked to China’s rising currency makes a good investment. …
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Hong Kong TV Stations Get Digital Greenlight
Hollywood Reporter
HONG KONG – Hong Kong’s Broadcasting Authority gave the go-ahead to local terrestrial networks Asia Television (ATV) and Television Broadcasts (TVB) for the expansion of their digital terrestrial television (DTT) services. The two networks are required …
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Prada raises extra $320 million in Hong Kong IPO
Economic Times
HONG KONG: Italian fashion house Prada said joint bookrunners for its Hong Kong listing had exercised an over-allotment option bringing more shares to the market and raising an additional HK$2.5 billion ($321.3 million). Prada is up 18.5% since its …
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Caterpillar Seeking To Sell Around CNY1 Bln-CNY2 Bln Worth Of Yuan Bonds – Source
Wall Street Journal
HONG KONG (Dow Jones)–Caterpillar Inc. (CAT) is seeking to sell around CNY1 billion to CNY2 billion worth of two-year yuan-denominated bonds in Hong Kong, a person familiar with the situation said Tuesday, in the US construction-equipment maker’s …
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CapitalistExploits.com Interviews Mongolia Growth Group CEO
MarketWatch (press release)
HONG KONG, Jul 05, 2011 (MARKETWIRE via COMTEX) — CapitalistExploits.com, a website dedicated to furthering the discussion of capitalism and free markets globally, has posted an interview with Harris Kupperman, CEO of Mongolia Growth Group (cnsx:YAK) …
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Asia puts its trust in electronics brands
The Independent
Just as the workmen start putting the finishing touches to the company’s first official outlet in Hong Kong, a survey has found that the Apple brand has burst into the top five “most trusted” by the city’s citizens. Put together by market research firm …
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Ex-ICBC Asia Banker Pleads Guilty to Taking Bribes
Wall Street Journal (blog)
By Chester Yung Hong Kong’s anti-graft agency said Monday a former senior executive of Industrial & Commercial Bank of China (Asia) Ltd, a unit of Industrial & Commercial Bank of China Ltd., admitted to accepting HK$3.3 million ($424000) in bribes for …
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Strong Demand Pushes Two IPOs to Close Early
Wall Street Journal
The planned early close of the institutional portion came after Hong Kong’s benchmark Hang Seng Index rebounded over two consecutive sessions to close up 1.7% Monday at 22770. The index had dropped to 21508 on June 20, its lowest since last September. …
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INTERSPORT Optimizes Virtual Environment With Expand Networks
PR Newswire (press release)
Benefitting from a fully virtualized WAN optimization solution, INTERSPORT is already experiencing 35% acceleration during the test phase, and now plans to extend the solution to its Hong Kong office. INTERSPORT International is the brand management …
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Government launches iBond
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Government today (July 5) announced the launch of the inflation-linked retail bond, or iBond, for subscription by Hong Kong residents beginning in July this year.The iBond will be issued under the retail section of the …
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Lucas Daniels: I Was Pissed At Bachelorette Ashley Hebert Over Bentley
Hollywood Life
Contest Lucas Daniels was one those guys who felt betrayed by Ashley, especially after they had gone on such a perfect date earlier that day in Hong Kong! “We lead up to the rose ceremony and she dropped the ball telling us about Bentley, throwing some …
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China Discusses SEC Probes of Mainland Companies
Bloomberg
The accounting board last month rejected an application by Hong Kong-based Zhonglei CPA Co. to become a registered US auditor, citing an inability to inspect its work for companies based in China. It was the first time the board had rejected an …
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CME eyes Asia clearing house, international business
Chicago Tribune
Gill said Singapore or Hong Kong both have the regulatory environment for a clearing house. “I believe that the HKMA or SFC has basically an environment where there will be more than one clearing house. The Singapore MAS has lived with that philosophy. …
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Children-parent relations in Hong Kong still a work in progress
China Daily
By Ho Lok-Sang (HK Edition) A survey by the online radio station “Voices of Youth (VOY)” of the Hong Kong Committee for UNICEF (HKCU) and “UNICEF Young Envoys” found that verbal violence and “emotional maltreatment” of children are quite common in Hong …
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Citigroup Hires Xie From HSBC for Asia Industrials Banking Team
San Francisco Chronicle
Xie will be based in Hong Kong and will focus on developing Citigroup’s metals and mining advisory business in China, said James Griffiths, a spokesman for the bank. He will start this month and report to Michael Borch, Asia-Pacific head of industrials …
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Photographer Arrested While Reporting Protest in Hong Kong
The Epoch Times
By Lin Yi Ms. Cai Wenwen (dressed in dark blouse and white pants and holding a camera), an intern reporter from NTDTV, was arrested by police while doing photographing a protest in Hong Kong on the night of July 1. (Internet Image) A reporter intern …
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Fire Destroys Old Hong Kong Restaurant Building In Cloquet
FireFighting News.com
United States (Minnesota) – A building that was formerly home to the Hong Kong Restaurant at 117 Ave. C in Cloquet was destroyed by a fire Saturday night. The Cloquet Fire Department was called to the scene at 11:10 pm Upon firefighters’ arrival, …
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Ogier Becomes First Offshore Firm to Secure Formal Presence in Mainland China
ABA Journal
The new office, which is expected to work closely with the firm’s 40-lawyer office in Hong Kong, is part of Ogier’s strategy to have a physical presence in major financial centers throughout the world. “In pursuit of our strategy we felt it critically …
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Research and Markets: A Hong Kong Commercial Banking Report for Q3 2011 …
Business Wire (press release)
Since Q108, BMI has described numerically the banking business environment for each of the countries surveyed. This is done through a Commercial Banking Business Environment Rating (CBBER), a measure that ensures the research captures the latest …
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Longtop’s Audit Chair, Two Members Resign Via Email
Wall Street Journal
Hong Kong-based Longtop, which provides software for the financial services industry in China, said audit committee Chairman Thomas Gurnee, as well as committee members Zuyun Xue and Yifeng Shen, offered resignations via email effective July 1. …
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TPG Capital bags Bain MD for China team-sources
Reuters
By Stephen Aldred HONG KONG, July 5 (Reuters) – TPG Capital has hired one of Bain Capital’s Chinese dealmakers as competition for deals — and the players who source them — heats up in China’s booming private equity market, sources familiar with the …
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Flaunt your fashion sense on the runway and win extra cash!
Malay Mail
Building on the successful partnership last year, the Hong Kong Tourism Board (HKTB) once again joins forces with Visa to offer shoppers from all over the world multiple chances of winning prepaid credit and cash vouchers under its Hong Kong Summer …
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Funding set to tackle food waste in Hong Kong
Recycling News (press release)
Hong Kong — The Environment & Conservation Fund has rolled out a scheme to help housing estates reduce food waste and separate waste food at source, by subsidising the installation and operation of on-site food waste treatment facilities. …
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Northumbrian Water set for merger if buy-out goes ahead
The Northern Echo
It also emerged last night that if a firm bid is made by Hong Kong billionaire Li Ka-shing the deal, expected to be worth £2bn, will automatically be referred to the Competition Commission. Regulator Ofwat’s rules bar any individual or firm from owning …
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Bluestar Adisseo to relaunch up to $1.5 bln HK IPO – IFR
Reuters
HONG KONG, July 5 (Reuters) – Animal feed maker Bluestar Adisseo Nutrition Group, backed by China National Chemical Corp, will relaunch its planned up to $1.5 billion Hong Kong initial public offering in September, IFR reported, citing sources close to …
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Taiwan’s leading freshly-made tea brand CoCo expands its business in Hong Kong
7thSpace Interactive (press release)
Hong Kong (HKSAR) – A leading Taiwanese industry player in freshly-made drinks CoCo Fresh Tea & Juice has announced the expansion of its operations in Hong Kong, with the opening of a second teahouse in Mong Kok selling its signature Taiwanese tapioca …
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Bangkok leads Asia Pacific in tourist spending
Bangkok Post
Bangkok beat out Singapore and Hong Kong in visitors and all Asia-Pacific countries in money spent by tourists in the country. Bangkok will lead other Asia Pacific countries in terms of international tourist arrivals and spending. …
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DHL’s new direct LCL service connects Ho Chi Minh City to Hong Kong widening …
LogisticsWeek
By NewsDesk DHL, the world’s leading logistics company, today announced the launch of its new direct Less than Container Load[1] (LCL) service connecting Ho Chi Minh City in Vietnam to Hong Kong, China. Via weekly scheduled shipments to Hong Kong, …
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Sino Fibre Releases Patent List
MarketWatch (press release)
HONG KONG, Jul 5, 2011 (GlobeNewswire via COMTEX) — Sino Fibre Communications, Inc. (otc pink:SFBE), released today its list of patented technology owned by the Company. Through our 35% Torino Resources Limited “TRL,” we use Microbial degradation to …
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Ordinance sparks change
Helena Independent Record
– While initial sales were down, Karen Long, who manages Hong Kong Harry’s fireworks stand on Porter Street in East Helena, said Monday evening that business had picked up tremendously. Fireworks sales in East Helena were booming or fizzling depending …
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Temasek Seeks to Raise $3.6 Billion Selling Shares in Bank of China, CCB
Bloomberg
Shares of China’s four biggest banks fell in Hong Kong trading today after Moody’s Investors Service said banks’ loans to local governments may exceed official estimates by more than 3.5 trillion yuan ($540 billion) more than official estimates and the …
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Macau’s revenue jumps 52.4% for month of June
GamingTodaySlotsToday
Publicly-traded on the Hong Kong Stock Exchange, Ho’s SJM Holdings Ltd. has seen the company’s shares rise 180 percent this year. Analysts say there is no end in sight. In fact, Goldman Sachs Group Inc. says it expects Macau’s gaming market to reach …
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Back to work…Asian stocks stall…Suits claim problems with loan modifications
NECN
Japan’s Nikkei and Hong Kong’s Hang Seng slipped slightly. South Korea’s Kospi rose 0.5 percent. SINGAPORE (AP) — Oil prices hovered below $95 a barrel Tuesday in Asia as a stronger US dollar made crude more expensive for investors with other …
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Hong Kong Daily News 2011.07.04

Hong Kong Stocks Rise as Greece Loan Boosts Economic Prospects
Bloomberg
By Shani Raja – Mon Jul 04 08:57:45 GMT 2011 Hong Kong stocks rose, with the Hang Seng Index set for its biggest two-day advance since November, as Europe pulled Greece back from the brink of default, improving the outlook for exporters and banks, …
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GLOBAL MARKETS-China pulls Asia stocks up for 5th day; euro dips
Reuters
By Saikat Chatterjee HONG KONG, July 4 (Reuters) – Asian equities climbed a fifth consecutive session on Monday, led by Chinese stocks, though the euro turned lower after ratings agency S&P warned that any rollover of Greek’s debt would constitute a …
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BYD Gains in Hong Kong on Munger Comment
Bloomberg
Photographer: Kevin Lee/Bloomberg July 4 (Bloomberg) — BYD Co. surged the most in more than nine months in Hong Kong trading after Berkshire Hathaway Inc. (BRK/A) Vice Chairman Charles Munger said the Chinese automaker has the ability to recover from …
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Rank reappoints chief executive and rejects offer
Financial Times
By Mark Wembridge Rank Group has reappointed Ian Burke less than a week after the gambling group’s former chief executive quit over a takeover tussle with Guoco Group, the Hong Kong-based investment company and biggest shareholder of the London-listed …
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Asian Shares End Mostly Up; Exporters, Financial Stocks Gain
Wall Street Journal
HONG KONG (MarketWatch) – Asian stocks rode higher Monday as upbeat US manufacturing data and a further easing of concerns over Greece pushed investors to prolong last week’s relief rally, with exporters and financial shares driving the gains. …
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Prada boosts Hong Kong share sale to $2.46 bn
AFP
HONG KONG — Italian luxury design house Prada has issued additional shares to boost its Hong Kong initial public offering to more than $2.46 billion, after a lacklustre trading debut last month. The family-controlled firm said in a statement late …
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The Spirited Traveller: A view to a cocktail in Hong Kong
Reuters
By Kara Newman (Reuters.com) – Visit Hong Kong and you’ll quickly notice two things: the killer jet lag and the killer views. On the ground, Hong Kong is a busy, bustling, somewhat claustrophobic city, where business gets done at rapid-fire speed. …
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HKTDC Hong Kong Fashion Week opens
Fibre2fashion.com
More than 1700 exhibitors are taking part in the HKTDC Hong Kong Fashion Week for Spring/Summer and the concurrent HKTDC Summer Sourcing Show for Gifts, Houseware & Toys, which opened July 4 and continue until July 7 at the Hong Kong Convention and …
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‘Transformers 3D’ Demolishes Hong Kong Box Office Records
Hollywood Reporter
HONG KONG – Transformers: Dark of the Moon demolished Hong Kong box office records: Michael Bay’s bombastic blockbuster is the triple-crown winner for the highest-grossing opening weekend, the highest non-holiday opening day, and the biggest single day …
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PRESS DIGEST – Hong Kong – July 4
Reuters
HONG KONG Jul 4 (Reuters) – These are some of the leading stories in Hong Kong newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. — Banks and hedge funds in Hong Kong have increased their salary bills …
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Fire destroys old Hong Kong Restaurant building in Cloquet
Duluth News Tribune
A building that was formerly home to the Hong Kong Restaurant at 117 Ave. C in Cloquet was destroyed by a fire Saturday night. Firefighters attempt to put out the fire at the former Hong Kong Restaurant in Cloquet on Saturday night. …
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SWAC submits report on long-term social welfare planning in Hong Kong
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Social Welfare Advisory Committee (SWAC) today (July 4) submitted its report on long-term social welfare planning in Hong Kong to the Secretary for Labour and Welfare, Mr Matthew Cheung Kin-chung.Mr Cheung thanked SWAC for its …
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SHAPE Services Acquires Developer Of ‘fone’, To Release IM+ Video App
TechCrunch
Exclusive – SHAPE Services, the company behind the immensely popular, cross-platform IM+ messaging applications (and then some), has agreed to acquire CrispApp, the Hong Kong based developer of the fone app for iOS (iTunes link). …
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Football in Brief: Yeung moves to reassure Blues; Fenerbahce head in fixing …
The Independent
Carson Yeung has assured Birmingham City he will continue to provide his backing for the club despite facing five charges of money laundering amounting to £59m in his native Hong Kong. The club’s acting chairman Peter Pannu flew out to Hong Kong to …
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Aeon Opens Its First Premium Supermarket In Hong Kong
ChinaRetailNews.com
Aeon Stores (Hong Kong) Company Limited has announced that Aeon MaxValue Prime, its first premium supermarket in Hong Kong, has opened. Lam Man Tin, managing director of Aeon Stores, told local media that steady growth in the local economy, …
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Prada Raises Extra $320 Million in Hong Kong IPO
Wall Street Journal
By PRUDENCE HO HONG KONG—Prada SpA said Sunday it fully exercised the over-allotment option in its initial public offering to raise an additional HK$2.5 billion (US$320 million), bringing the total amount raised to US$2.47 billion. …
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Chalco says discussions on Australia project terminated
Reuters Africa
HONG KONG, July 4 (Reuters) – Aluminum Corp of China said its discussions over possible development of bauxite resources in Australia had ended and that it would make provisions for impairment on associated expenditures. …
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Asia s ace in the hole Deep fiscal pockets
Moneycontrol.com
“Clearly, we are in for a rough summer,” said Frederic Neumann, Hong Kong-based co-head of Asian economics for HSBC, which compiles the monthly manufacturing surveys in Asia. But Neumann saw some promising signs amid the gloom: inflation pressures are …
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Wynn Macau Leads Casino Gains on Surging Industry Revenue
Bloomberg
By Michelle Yun – Mon Jul 04 09:48:15 GMT 2011 Wynn Macau Ltd. (1128) rose the most in three months in Hong Kong trading, leading gains among Macau casino operators after the city said gambling revenue had the steepest gain this year last month. …
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$15000 benefits heroic OFW kin
Manila Bulletin
By NONOY E. LACSON MANILA, Philippines — The husband and the three-year-old son of Juanita Limbago, the overseas Filipino Worker (OFW) who died while saving her six-year-old ward in Hong Kong on June 11, received checks worth $15000 as payment for the …
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China’s Banks Can Absorb Loan Losses on Local Government, Bernstein Says
Bloomberg
Industrial & Commercial Bank of China (601398) Ltd., Agricultural Bank of China Ltd. (1288) and Bank of Communications Co. may need to raise a combined 100 billion yuan ($15 billion) to cover a capital shortfall if the seven largest Hong Kong-listed …
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Hong Kong Retail Sales Growth Stable In May
RTT News
(RTTNews) – Hong Kong’s retail sales growth remained unchanged in May, preliminary data released by the Census and Statistics Department showed Monday. The retail sales value increased 27.8 percent year-on-year in May, unchanged from the gain recorded …
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DinoDirect.Com Introduces Cloud Warehouse
PR Newswire (press release)
HONG KONG, July 4, 2011 /PRNewswire-Asia/ — DinoDirect.com became the first online retail store to introduce its cloud warehouse for the benefit of its ever increasing client base. The starting of the new warehouse reflects the fast changing trends in …
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The Best Pay Per Click Management Companies in Hong Kong Ranked By topseos.hk …
Prfire (press release)
By E-Ventures @ 4th Jul 2011 14:33:00 topseos.hk, an independent authority on search vendors has named the Best Pay Per Click Management in Hong Kong for the month of July 2011. All the Pay Per Click Management Service providers identified next to …
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Thai route a winner for Cathay Pacific
Bangkok Post
Maggie Yeung, country manager for Hong Kong’s flag carrier, said the January-May load factor was 85%, up from 74% in the same period last year. She said the figure was high for a foreign airline in Thailand but stressed that market share was not a big …
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Barclays Capital: Philip Tsao TO Head Greater China Global Finance and Risk …
Wall Street Journal
HONG KONG (Dow Jones)–Barclays Capital, the investment banking division of Barclays Bank PLC, said Monday it has appointed Philip Tsao as a managing director and head of global finance and risk solutions for Greater China. Tsao, who will be based in …
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HK launches funding scheme to reduce food waste
China Daily
HONG KONG – A government fund in Hong Kong rolled out a scheme on Monday to help housing estates reduce food waste and separate waste food at source. According to the Environment and Conservation Fund (ECF), the funding scheme encourages housing …
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Firma Medical Aesthetics eyes Hong Kong medical market potential
7thSpace Interactive (press release)
Hong Kong (HKSAR) – Firma Medical Aesthetics Group (Firma), a Singapore-based medical aesthetics company, today (July 4) announced the opening of its first clinic in Hong Kong. The clinic occupies 5200 square feet on one floor of 6 Duddell Street in …
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New website of Pharmacy and Poisons Board of Hong Kong launched
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Pharmacy and Poisons Board of Hong Kong is the local authority for the regulation of pharmaceutical products. The Board announced today (July 4) the official launch of its new website at www.ppbhk.org.hk. …
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Amul Ranked No. 1 “Indian” Brand for third Consecutive Year in Asia
Business Wire India (press release)
The “Campaign” magazine published from Hong Kong and Singapore has ranked Amul as the No. 1 “Indian” brand in its list of Top 1000 Brands of Asia for the third consecutive year. Amul is also ranked as No.1 dairy brand, ahead of leading food and dairy …
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Ogier leads offshore pack as it opens in Shanghai
The Lawyer
The move follows the relocation of Guernsey-qualified partner Marcus Leese and Jersey-qualified partner Nathan Powell to Hong Kong last year. Ogier CEO Nick Kershaw said the move was in response to client demand. Kershaw added that although Chinese …
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Excessive aluminum in dried jellyfish, waffles: Consumers’ Foundation
Focus Taiwan News Channel
In light of a May 2009 report by the Centre for Food Safety in Hong Kong that the weekly intake of aluminum should be no more than 0.6 milligrams per kilogram of body weight, the CF did a series of spot checks, focusing first on salted jellyfish, …
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Local airline offers ‘cheap’ flights to Macau, HK, Singapore
ABS CBN News
MANILA, Philippines – A local airline announced that it is offering discounted tickets anew as it hopes to bring more tourists to Macau, Hong Kong and Singapore this year. South East Asian Airlines (SEAIR) said its one-way tickets to the top Asian …
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Local gaming regulat ion ‘invites rumours’
Macau Daily Times
MDTimes – Last year, according to reports, a man called Cheung Chi Tai was identified in a Hong Kong court as alleged leader of the Wo Hop To crime triad and also the person in charge of one of the VIP rooms in one local casino. …
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Beijing Enterprises to build HK$2.5 bln Malaysian sewage plant
Reuters
HONG KONG, July 4 (Reuters) – Hong Kong-listed Beijing Enterprises Water Group has received approval from the Malaysian government to build the country’s first underground sewage treatment plant, the water treatment firm said on Monday. …
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SFH on maternal and child health services
7thSpace Interactive (press release)
Secretary for Food and Health: As I have said earlier, we can see the gradual increase of babies receiving maternal and child health services in Hong Kong. Among the 31 centres that we have scattered all over Hong Kong, those in the Northern District …
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Research and Markets: Hong Kong – Major Telecom Players 2011
Business Wire (press release)
Hong Kong has five mobile operators in a crowded market, which has continued to remain competitive through preparedness among the operators to restructure and be innovative. The number of operators has dropped from eight to five through a series of …
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Fund managers diary
Fundweb
However, we place a substantial number of our orders in Asian markets live time, catching the afternoon sessions of Hong Kong and everything west to India. By 10.30am our markets close and we have the rest of the day to concentrate on research without …
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Nine Dragons Paper takes $154 mln loan from China Dev Bank
Reuters
HONG KONG, July 4 (Reuters) – Paper products maker Nine Dragons Paper (Holdings) Ltd said on Monday it will take a 1 billion yuan ($154 million) loan from the Hong Kong branch of China Development Bank to repay bank borrowing and as general capital. …
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Warrington music festival offers dance stage for first time
This Is Cheshire
Under the stage name Jimmy R he has travelled the world performing in America, Thailand and Hong Kong. The former Culcheth High School pupil, who has also held a residency at Manchester hot spot Sankeys, will be introducing the inaugural ‘Manik’ stage. …
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Ube To License Battery Electrolyte Tech To Hong Kong Firm
NIKKEI.com
TOKYO (Nikkei)–Ube Industries Ltd. (4208) said Monday that it has signed a patent-licensing agreement with a wholly owned Hong Kong subsidiary of TDK Corp. (6762) for electrolytes, a key component of lithium ion batteries. …
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Bachelorette 2011 Ashley Hebert: No New Episode Tonight!
Twirlit
Tonight, ABC will be re-airing last week’s Hong Kong episode where Bentley returns and Mickey leaves. And while this week will be a very boring week for fans, next week will be much more exciting. Next Monday – July 11, 2011 – not only will there be a …
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Nestle in talks with Chinese sweet maker
Reuters
By Lee Chyen Yee and Silke Koltrowitz HONG KONG/ZURICH (Reuters) – Nestle (NESN.VX), the world’s largest food company, is among companies in talks with Chinese candies and pastries group Hsu Fu Chi International (HSFU.SI) on a deal that could be worth …
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Maiden voyage of China’s first aircraft carrier delayed a month
DefenceWeb (press release)
The Hong Kong Commercial Daily said the carrier’s maiden voyage has been put off for a month due to mechanical problems. “As this is our first aircraft carrier, it’s not abnormal that the vessel encounters certain problems. …
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Citigroup Names Kevin Rideout As Asia Pacific Wholesale Services Electronic …
NASDAQ
HONG KONG -(Dow Jones)- Citigroup has appointed Kevin Rideout as head of wholesale services for electronic trading in Asia Pacific, said a spokesman for the US bank Monday. Rideout, who started with Citigroup in June and is based in Hong Kong, …
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Churchouse Says Tokyo Residential Property `Attractive’
Washington Post
July 4 (Bloomberg) — Peter Churchouse, chairman of Hong Kong-based property investment firm Portwood Capital, talks about Asia’s real estate markets. Churchouse also discusses Thailand’s election and its implications for the country’s property market. …
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Hong Kong Daily News 2011.07.01

Stan Lee Launches Chinese Superhero Franchise
New York Times (blog)
By FELICIA R. LEE Stan Lee, the comic book creator, has announced a joint venture with a Hong Kong investment company for a new superhero franchise aimed at Chinese and foreign audiences, the Associated Press reports. Mr. Lee’s POW! …
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Protesters Rally Against Hong Kong’s Unpopular Leaders
Forbes (blog)
By ROBERT OLSEN As the Chinese Communist Party celebrated its 90th anniversary on Friday, thousands of Hong Kong people took to the streets to protest. On the 14th anniversary of this former British colony’s return to Chinese rule, criticism is growing …
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Macau’s June gaming revenue soars 52 pct on spending by Chinese
Reuters
By Farah Master HONG KONG (Reuters) – Macau, the world’s largest gambling market, posted an annual 52.4 percent rise in gaming revenue in June to 20.8 billion patacas, the Macau government said on Friday, signalling a ravenous gambling appetite from …
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Asian Shares End Up;Greek Parliament Approval Of Austerity Plans
Wall Street Journal
Hong Kong and Australian stocks led the advance, which followed the approval of debt-reduction measures in a vote by the Greek parliament Wednesday. Lawmakers are due to vote Thursday on a plan to implement the measures. Delta Asia Financial Markets’ …
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Northumbrian Water Confirms Bid From CKI
Wall Street Journal
By ALEXIS FLYNN LONDON—Cheung Kong Infrastructure Holdings Ltd. has confirmed its interest in buying Northumbrian Water Group PLC after the UK utility said Friday that it has received a non-binding indicative cash proposal from the Hong Kong property …
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Korea Aerospace, BYD Make Solid Debuts But Beijing Jingneng Postpones IPO
Wall Street Journal
By Prudence Ho and Yvonne Lee HONG KONG (Dow Jones)–Aircraft manufacturer Korea Aerospace Industries (047810.SE) and Chinese battery maker BYD Co. (002594.SZ) saw their shares rise sharply on their trading debuts Thursday in Seoul and Shenzhen …
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Prada shares flat in Hong Kong trading debut
San Jose Mercury News
By KELVIN CHAN AP Business Writer HONG KONG—Shares of Italian fashion house Prada SpA were nearly flat in their Hong Kong stock market debut Friday, amid lukewarm investor interest in the city’s most glamorous IPO of the year. …
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Emily Maynard: Bachelorette Ashley Hebert Too Honest About Bentley
Hollywood Life
Bachelorette Ashley Hebert confessed to the other contestants about her feelings for Bentley Williams after she got the closure she needed from him during the June 27 episode in Hong Kong. But Ashley’s honesty backfired, causing the guys to grow upset …
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Hong Kong – EFTA Free Trade Agreement Bolsters Hong Kong’s Economy …
San Francisco Chronicle (press release)
Hong Kong and the member states of the European Free Trade Association (EFTA) – Iceland, Liechtenstein, Norway and Switzerland – have signed a landmark free-trade agreement (FTA) last week. Hong Kong company registration portal, www. …
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Players will get used to UDRS: Ganguly
Times of India
HONG KONG: Former India captain Sourav Ganguly has welcomed the International Cricket Council’s decision to make the Decision Review System (DRS) compulsory in Tests and one-day internationals. Ganguly was part the Indian team when DRS was used for the …
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A luxurious hotel in Macau, Hong Kong’s playground
Globe and Mail
Just a one-hour ferry ride from Hong Kong, the former Portuguese enclave is known for its high-end restaurants and extravagant casinos – this is where the biggest high rollers come to show off. Take that, Vegas. When the stakes are this high, …
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CBS 3 Springfield – WSHM – News, Weather and SportsHong Kong strain of scarlet …
WSHM-TV
Entertainment News from AP By Denise Mann THURSDAY, June 30 (HealthDay News) — A new strain of drug-resistant scarlet fever appears to be rapidly spreading through Hong Kong and mainland China, but US infectious disease experts remain confident that …
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No Football League sanctions yet for Carson Yeung or Birmingham City
The Guardian
Birmingham City owner Carson Yeung leaves court in Hong Kong after being released on bail charged with five counts of money-laundering. Photograph: Tyrone Siu/Reuters The Football League will not consider taking any action against Carson Yeung or …
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ICC directs Boards to be autonomous
Calcutta Telegraph
Calcutta: On the concluding day of the International Cricket Council’s Annual Conference, in Hong Kong, on Thursday, the apex body instructed its Member Boards to become autonomous, failing which it might consider imposing sanctions on them. …
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Bruce Lee museum proposal shelved in Hong Kong
York Daily Record
By MIN LEE AP Entertainment Writer FILE – In this June 24, 2008 file photo, the old home of Hong Kong movie star Bruce Lee is pictured in Hong Kong. The Hong Kong government says plans to build a Bruce Lee museum at the former home of the late kung fu …
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“Fixing” Homosexuality in Hong Kong
Asia Sentinel (blog)
In seeming contradiction to the vast body of scientific knowledge, the Hong Kong government’s Social Welfare Department in mid-June hired the head of a fringe religious organization to teach a workshop to social workers advocating “gay conversion …
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Meet Treebot, the tree-climbing forest sentinel
Reuters
HONG KONG, July 1 (Reuters Life!) – Inspired by tiny caterpillars, Treebot may be China’s new answer to forest preservation. The slinky robot grips trees with spidery legs to climb and is equipped with a camera to spot any dangers to forests high …
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Cozy and Eclectic in Hong Kong
Wall Street Journal (blog)
By Isabella Steger For those looking for a cozy and slightly more upscale lunch venue in Hong Kong’s Wan Chai district that’s not, say, The Pawn, there’s a new contender on the block (the same block, actually): Madam Sixty Ate, which opened last week …
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Beijing Office Director: Hong Kong-Mainland ties getting closer
7thSpace Interactive (press release)
Speaking at the reception cum exhibition opening ceremony, the Director of Beijing Office, Mr Thomas Tso, said since the establishment of the HKSAR 14 years ago, Hong Kong had met many opportunities and taken on many challenges. …
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Delta begins nonstop service between Detroit and Beijing
USA Today
… featuring flat-bed seats in business class and Delta’s new premium economy class with more legroom. Delta now serves three Chinese cities nonstop from Detroit – Beijing, Shanghai and Hong Kong. The airline also flies nonstop from Detroit to Seoul, …
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Jefferies Completes Acquisition of Prudential Bache
MarketWatch (press release)
The primary companies acquired include Prudential Bache Commodities LLC and Prudential Bache Securities LLC in the US, Bache Commodities Limited in the UK and Bache Commodities (Hong Kong) Ltd. in Hong Kong. These businesses will operate globally as …
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AsiaRooms.com – Hong Kong to host Lan Kwai Fong Music and Beer Fest
The Open Press (press release)
(OPENPRESS) July 01, 2011 — The Lan Kwai Fong Music and Beer Fest in Hong Kong will give travellers a perfect opportunity to enjoy the warm summer weather while sampling fine cuisine and exotic drinks. Taking place over the weekend of July 9th and …
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L & L Energy Elects New CFO
PR Newswire (press release)
Previously, he was a Senior Partner at the Hong Kong office of Ernst & Young LLP, having first joined the firm as a chartered accountant in 1976. Mr. Robinson currently serves as a director of several companies, both private and public, …
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Robeco appoints new CEO for Asia Pacific
Reuters (press release)
He will be based in Hong Kong. Prior to joining Robeco, he was head of Asia Pacific (ex-Japan) at Neuberger Berman from October 2009. Before this role, he spent ten years at AllianceBernstein and served as a senior portfolio manager for over five years …
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Husky Energy Updates Hong Kong Secondary Listing Status
MarketWatch (press release)
CALGARY, ALBERTA, Jun 30, 2011 (MARKETWIRE via COMTEX) — Husky Energy Inc. /quotes/zigman/22563 CA:HSE -0.34% is providing an update on its progress in exploring a potential secondary listing of its shares on The Stock Exchange of Hong Kong Limited …
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Able Speed highlight of Moore treble at Sha Tin
Racing Post
By jeremy greene in hong kong 3:59PM 1 JUL 2011 REVAMPED British import Able Speed (Olivier Doleuze), winner of the Richmond Stakes as Prolific in 2008, took centre stage in a hat-trick for John Moore at Friday’s bank holiday meeting to give the …
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New designs in Hong Kong
World Architecture News
The concept design involves the renovation and refurbishment of the historic building to provide greenery, public rest and a leisure area amidst the hustle and bustle of the business district of Hong Kong. The Theme of Green Oasis was interpreted as …
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Nicholas Tse ignored Cecilia Cheung when she had a miscarriage?
Channel News Asia
HONG KONG: Cecilia Cheung’s younger brother Cheung Ho-lung claimed that his brother-in-law, actor Nicholas Tse, had treated his sister badly, even ignoring her when she had a miscarriage, reported Hong Kong media. Cheung Ho-lung alleged that his sister …
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KAZAKHMYS completes listing on Hong Kong Stock Exchange
Caspionet
KAZAKHMYS has concluded it’s listing on the Hong Kong Stock Exchange, the press service of the organization reports. The listing was held without additional issuance or sale of shares. However, the group is considering issuing new shares on the Hong …
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Stocks up as Greece votes for austerity
China Daily
By Anna Kitanaka and Lynn Thomasson (HK Edition) Hong Kong stocks rose, sending the Hang Seng Index (HSI) to its highest level in two weeks on Thursday, after Greece approved budget cuts that may help avert a default, increasing confidence in the …
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Mayer Brown JSM to Launch in Singapore
The American Lawyer
The firm will launch there in the fourth quarter of this year, with Kevin Owen, head of the firm’s Asia construction and engineering group, relocating from Hong Kong to head the new office. Mayer Brown JSM already has offices in Hong Kong, Beijing, …
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3rd runway will help HK keep its position as aviation hub
China Daily
By James Tong (HK Edition) Hong Kong International Airport (HKIA) has won many awards since it opened in 1998, and it is a source of pride for Hong Kong people. In fact, the aviation industry plays a vital role in the city’s economic development, …
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BYD Shares Surge On News Buffett Won’t Bail (BYDDF, BRK.A, AXP, GE, KFT, KO …
tickerspy Newswire
While BYD’s Hong Kong-listed shares have languished this year, the stock surged over 40% on Thursday, its first day of trading in Shenzhen, as investors bet on a strong outlook for sales of electric cars, according to Reuters. …
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Citi Buys Into Vietnam Brokerage
Wall Street Journal
By ALISON TUDOR HONG KONG—Citigroup Inc. took a stake in a Vietnamese brokerage firm, betting that once the economy’s rampant inflation slows, foreign investors will flock back to the communist country. The New York bank signed a deal Thursday to buy …
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5 Asian Markets to Buy This Summer
Moneyshow.com
The Hong Kong market was flat in May, although there were also some notable winners, such as Belle International (Hong Kong: 1880, OTC: BELLY), which gained 8%. Hong Kong’s economy continues to enjoy a low unemployment rate of 3.5%, while inflation is …
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Top financial centres real estate markets see varying recovery speeds
Property Wire
A shift to Asia in the global economy meant that office markets in the world’s three top financial centres of London, Hong Kong and New York recovered at varying speeds from the impact of the global financial crisis, according to a new report from …
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State Street expands capabilities in Asia Pacific
Asset Servicing Times
State Street Corporation has launched a new hedge fund servicing business in Asia Pacific, and announced expansion plans for existing real-estate and private equity servicing operations in mainland China, Hong Kong and Singapore. …
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The science of martial arts
China Daily
By Liu Wei (China Daily) Veteran Hong Kong director Peter Chan’s latest film aims to demystify martial arts, while also tackling moral dilemmas. Liu Wei reports. It requires courage to name a film after its genre, as audiences will expect it to be all …
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Dodd-Frank extraterritorial fears weigh in Hong Kong
CFTC Law
The extra-territorial implications of Dodd-Frank weighed heavily on the minds of participants at the annual Hong Kong Treasury Market Association (“HKTMA”) forum. According to Risk.net, Hong Kong Monetary Authority (“HKMA”) executive director for …
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CPPIB invests in Hong Kong
Edmonton Journal
Canada Pension Plan Investment Board has agreed to buy Goodman Group’s 50-per-cent stake in the Hong Kong Interlink project for about $283.2 million Cdn in the pension fund’s first direct property investment in the city. The Canadian fund will finance …
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Hong Kong Jewelry Designer Makes US Debut in Carlsbad
http://www.DiamondNe.ws
The GIA Museum exhibit features the first US display of internationally acclaimed, Hong Kong designer Wallace Chan’s jewelry collection. The exhibit, which is based at the world headquarters in Carlsbad, is free and open to the public through fall 2011 …
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Builders rush to sell Sun Hung Kai, Cheung Kong lead the way
China Daily
By Vincent Jiang and Kelvin Wong (HK Edition) Hong Kong developers, led by Sun Hung Kai Properties Ltd and Cheung Kong (Holdings) Ltd, are speeding up home sales as buyer sentiment wanes after the government’s latest efforts to curb real estate values. …
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Asian shares mostly up after Wall Street rally
DAWN.com
File Photo HONG KONG: Asian stocks were mostly higher on Friday as traders followed a Wall Street surge but gains were tempered by profit-taking and data showing growth in manufacturing activity almost stalled in China last month. …
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Cloud to improve learning experience for Hong Kong schools
IDG News Service
Cloud-optimised networks will greatly enhance the e-learning experience for Hong Kong students, according to global IP networking solution provider H3C. Cloud-optimised networks will greatly enhance the e-learning experience for Hong Kong students, …
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Taiwan Cabinet OKs plan to expand banks’ yuan use
MarketWatch
Under current rules, only Hong Kong units of Taiwanese banks can participate in yuan-based business, including retail lending and trade finance. However, loans can only be extended to Taiwanese companies operating in China and non-Chinese companies or …
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More businesses in China to use RMB in cross-border trade
Voxy
Demand for RMB settlement between companies in mainland China and in Hong Kong ranked the highest, with two-thirds (66%) of the surveyed HSBC China customers having trading partners based in Hong Kong, followed by those with partners in other …
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IPO Attorneys See Flat To Weak Second Half Of 2011 – Survey
Wall Street Journal
Expectations for a robust market in the US for IPOs in 2011 is far rosier than in China and the UK The survey showed 55% of Chinese attorneys, including those in Hong Kong, and 70% of UK securities attorneys believe their local IPO markets will remain …
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BRIC Consumer Slowdown Looms for Stocks
Bloomberg
By Michael Patterson – Fri Jul 01 10:25:57 GMT 2011 Want Want China Holdings Ltd., the country’s largest maker of rice cakes and flavored milk, jumped 24 percent in Hong Kong and is valued at 36 times profit, three times more expensive than the MSCI …
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China’s June Home Prices Ease in Eight of 10 Biggest Cities, SouFun Says
Bloomberg
By Bloomberg News – Fri Jul 01 08:30:03 GMT 2011 June 30 (Bloomberg) — Ronnie Chan, chairman of Hong Kong-based developer Hang Lung Properties Ltd., speaks about the real estate markets in mainland China and Hong Kong and his company’s business …
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Hong Kong Daily News 2011.06.30

Caution, Exuberance Mix Over Asia IPOs
Wall Street Journal
By PRUDENCE HO And YVONNE LEE HONG KONG—Aircraft manufacturer Korea Aerospace Industries and Chinese car and battery maker BYD Co. had strong trading debuts Thursday in Seoul and Shenzhen, respectively, but in a sign that investors are still cautious, …
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China shares gain, HK closes out grim June on high note
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 30 (Reuters) – Hong Kong and China shares ended a tough month on a positive note on Thursday on hopes that a turnaround in Chinese shares can last, supported by valuations and anticipation of solid …
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Spider-Man creator eyes Chinese comic fans
The Associated Press
HONG KONG (AP) — Stan Lee wants to see the likes of Spider-Man and the X-Men weaving between skyscrapers in Shanghai and battling enemies on the Great Wall. The comic book legend has announced a joint venture with a Hong Kong investment company that …
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ICC to probe World Cup ticket sales
Times of India
HONG KONG: Cricket’s world governing body has launched an investigation into “black marketeering” during the World Cup ticket sales fiasco that left thousands of fans with no hope of seeing the marquee matches. The International Cricket Council made …
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NEWSMAKER-Birmingham City owner in HK court to face charges
Reuters
By Donny Kwok HONG KONG Jun 30 (Reuters) – Hong Kong hairdresser-turned-tycoon Carson Yeung, who hit the headlines when he bought English soccer club Birmingham city two years ago, is in the news again — this time being charged in a Hong Kong district …
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Hong Kong Strain of Scarlet Fever Unlikely to Spread to U.S., Experts Say
U.S. News & World Report
By Denise Mann THURSDAY, June 30 (HealthDay News) — A new strain of drug-resistant scarlet fever appears to be rapidly spreading through Hong Kong and mainland China, but US infectious disease experts remain confident that the new bug isn’t heading …
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Beijing Jingneng delays up to $630 mln Hong Kong IPO – IFR
Reuters
HONG KONG, June 30 (Reuters) – Beijing Jingneng Clean Energy Co Ltd, which produces electricity from wind- and gas-fired plants, has decided to delay an up to $630 million initial public offering in Hong Kong, IFR reported on Thursday, citing a source …
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Pair nabbed smuggling lizards in teddies
ABC Online
A Hong Kong couple has been arrested in Perth for attempting to smuggle wildlife out of Australia concealed in teddy bears. In a joint operation between Customs and the Department of Environment and Conservation (DEC), officers raided a home in the …
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China Yurun Gains After Saying Chairman’s Business Is Private
San Francisco Chronicle
June 30 (Bloomberg) — China Yurun Food Group Ltd., the country’s second-biggest listed meat processor, climbed for the second day in Hong Kong trading after saying it had no relationship with its chairman’s hog-raising business. …
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Goodman Expands Greater China Relationship with CPPIB
PR Newswire (press release)
Interlink is a development project currently being undertaken on a 50/50 basis between the Group’s Hong Kong Logistics Fund and Goodman. CPPIB has agreed to acquire Goodman’s 50% interest in Interlink on a “fixed price” basis for approx. …
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Life in Hong Kong better before 1997: poll
Taipei Times
More than half of Hong Kong residents who responded to a recent survey said their quality of life is worse than prior to 1997, when Hong Kong reverted to Chinese rule, according to poll results recently released by the Chinese University of Hong Kong. …
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Ganguly welcomes global use of DRS
NDTV.com
PTI Hong Kong: Former captain Sourav Ganguly has welcomed the ICC’s decision to make the DRS mandatory for Tests and ODIs but also justified India’s initial reluctance to embrace the technology. Ganguly said he has now seen a vast improvement in the …
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Thailand fights cancer-causing parasitic worms
Reuters
By Tan Ee Lyn HONG KONG (Reuters) – Health authorities in northeast Thailand plan to screen people for fluke worms to detect early signs of bile duct cancer, a deadly disease linked to eating uncooked freshwater fish. Rivers in northeast Thailand, …
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AkzoNobel strengthens leadership in specialty plastic coatings
Reuters (press release)
Based in Germany and listed on the Hong Kong stock exchange, Schramm manufactures and markets coatings for plastics, metals and electrical insulation and has grown its business by 18 percent annually over the last three years. The company’s revenue for …
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South China Morning Post Launches First Regional Serviced Apartment Directory …
MarketWatch (press release)
The newly completed regional website covers key cities Hong Kong, Beijing, Shanghai, Guangzhou, Shenzhen, Singapore, Kuala Lumpur and Bangkok with a detailed listing featuring photographs, maps, list of facilities, pricing and other apartment contact …
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Hong Kong Banks Asked to Hold More Reserves on High Loan Demand
Bloomberg
By Stephanie Tong – Thu Jun 30 04:44:28 GMT 2011 The Hong Kong Monetary Authority is asking local banks to set more capital aside to protect against non-performing loans to cope with “rapid loan growth” in the city and safeguard against market …
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IPO market still healthy but challenges looming
China Daily
By Emma An (HK Edition) “Big four” accounting firm Deloitte said on Wednesday that despite Hong Kong posting the best IPO fund-raising interim performance in the past 10 years, it doesn’t expect total 2011 proceeds to match that of last year. …
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6 things mainlanders like to do in Hong Kong
CNNGo.com
Since Hong Kong returned to China on July 1, 1997 Hongkongers have gradually become indifferent, if not exactly welcoming, to the burgeoning number of mainland visitors and immigrants in Hong Kong, who have contributed so much to the city’s GDP. …
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India wants some dim sum too
Financial Times (blog)
According to Reuters, a unit of Indian lender Infrastructure Leasing & Financial Services has mandated Morgan Stanley and Deutsche Bank to explore a potential offering of these so-called “dim sum” bonds in either Hong Kong or Singapore. …
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Thursday Open Thread: Hong Kong Edition
Big Government
I think Hong Kong is still under British rule until next year. It was not part of the deal in 1997. Clarification: The pre-1997 Communist China. The Tiananmen Square China. “But when a long train of abuses and usurpations, pursuing invariably the same …
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Hong Kong Disneyland says safety of guests top priority
AsiaOne
Hong Kong Disneyland has assured guests that guest safety is its top priority, in a written statement to AsiaOne. In response to an AsiaOne article, ‘Mum claims daughter was nearly kidnapped in HK Disneyland”, Hong Kong Disneyland said that they are …
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Asian Markets End Up; Hong Kong, Sydney Lead Gains
Morningstar.com
In Hong Kong, HSBC was up 0.9% and Agricultural Bank of China rose 2.5%. ICBC was up 1.5% while Bank of China gained 1.1%. Property and insurance stocks were among the top performers in China. In India, the 30-share benchmark Sensex rose to a two-month …
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SMIC CEO ousted from board, management shakeup likely
Reuters
Shares of the company were suspended on Thursday on the Hong Kong stock exchange. The stock has lost 6.6 percent so far this year, compared with a 2.8 percent fall in the Hang Seng Index . “It seems unlikely to me that David would want to remain CEO if …
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More than 200000 may protest in Hong Kong Friday, experts say
Monsters and Critics.com
Hong Kong – More than 200000 people may march in Hong Kong to protest against the government on the 14th anniversary of the city’s return to Chinese rule on July 1, experts said Thursday. The Hong Kong Transition Project, a political research body …
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First China Pharma Provides Guidance Regarding Fiscal 2010 Results
MarketWatch (press release)
The company is also pleased to report it is in the midst of a significant internal restructuring that will move critical accounting and inventory ordering functions from the Peoples Republic of China (PRC) to Hong Kong. While part of the PRC, Hong Kong …
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Airport Authority Hong Kong Sets New Profit Record
ASIATravelTips.com
Hong Kong International Airport set new financial and operational records in the financial year ended 31 March 2011, including a profit attributable to the equity shareholder of HK$4035 million for fiscal 2010/2011, an increase of 41.9% from a year …
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Hong Kong Government To Auction Residential Site In New Territories In August
NASDAQ
HONG KONG -(Dow Jones)- The Hong Kong government said Thursday it will sell a private residential site in Sha Tin, a district in the New Territories, by public auction on Aug. 9. The 23056-square meter site has a minimum gross floor area of 57496 …
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Hong Kong resort receives Green Globe certification
eTurboNews
LOS ANGELES, California – Green Globe Certification congratulates Noah’s Ark Resort, Hong Kong, on its successful certification. This reflects Noah’s Ark Resort’s long-standing commitment to make a valuable contribution to the environment and community …
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CNH Tracker-Fixing helps but bond market reforms urgently needed
Reuters
By Saikat Chatterjee HONG KONG, June 30 (Reuters) – China has taken another step to boost its currency’s international allure by allowing a market-determined fixing for the yuan traded in Hong Kong, but it needs to reform the offshore bond market …
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Jewelry Group Shines In Hong Kong Listings
Investor’s Business Daily
6 slot in Hong Kong’s industry groups. They’ve been in the top 10 four of the past five weeks. IBD’s database divides the Hong Kong market into 139 industry groups, much as it splits up the US market into 197 groups. Hong Kong’s jewelry group contains …
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Asian equities lifted by resources and financials
Financial Times
HSBC Holdings rose 1.1 per cent to HK$77.05 in Hong Kong while China’s Bank of Communications added 1.8 per cent to HK$7.45. Commonwealth Bank of Australia gained 1.8 per cent to A$52.30 while Mitsubishi UFJ Financial Group rose 2.1 per cent to Y390 in …
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Osteoporosis drug may be key to beating flu bug
China Daily
By Guo Jiaxue (HK Edition) University of Hong Kong (HKU) researchers have discovered a new flu treatment that may resolve the growing problem of influenza viruses becoming resistant to medications. The methodology requires boosting the body’s natural …
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Scrapping Record Fails to End ‘Nightmare’ for Shipowners: Freight Markets
Bloomberg
By Kyunghee Park – Wed Jun 29 16:00:43 GMT 2011 A dockworker pedals past the China Peace, a Hong Kong-registered 175000dwt Capesize bulk carrier, in Shanghai. The surge in scrapping has failed to revive capesize rates because 117 new vessels have been …
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Hong Kong Makes Gains on Global Office Ranks
GlobeSt.com
HONG KONG-The city, seen as a global financial center alongside large office centers as New York City and London, has rebounded significantly better than its counterparts since the recession. The rise of Hong Kong as a premier office hub is attributed …
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Talk of the Day — China’s aircraft carrier launch put off to Aug.
Focus Taiwan News Channel
The Taipei-based China Times cited the Hong Kong Commercial Daily as reporting Thursday that the Chinese aircraft carrier’s first test run will be put off to August at the earliest because of some mechanical problems. Certain external factors, such as …
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Hong Kong yuan deposits up 7.5 pct in May vs April
Reuters
HONG KONG, June 30 (Reuters) – Yuan deposits in Hong Kong, an offshore market for the Chinese currency, increased to 548.8 billion yuan ($84.91 billion) in May, up 7.5 percent from a month earlier, the Hong Kong Monetary Authority said on Thursday. …
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Monex Group Global Customer Survey Sees Retail Investors Globally Become …
GlobeNewsWire (press release)
1″ that Japanese investors have improving expectations of their own market and more positive expectations for global markets than customers in both the US and Hong Kong. Monex, Inc. has been conducting its monthly investor survey since October 2009 …
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HK Exchange Fund assets HK$2490.1 bln at end-May – HKMA
Reuters
HONG KONG, June 30 (Reuters) – The total assets of the Exchange Fund, which is used to back the Hong Kong dollar, amounted to HK$2490.1 billion ($319.93 billion) at the end of May, the Hong Kong Monetary Authority said on Thursday. …
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IN BRIEF (Page: 1)
China Daily
Tsang said most Hong Kong citizens disapproved of the move. The government, he added, has a responsibility to plug holes that may lead to the abuse of the by-election mechanism. Mainland women giving birth in Hong Kong will prove beneficial to Hong …
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Liz Taylor jewels taking world tour
Albany Times Union
Christie’s announced Wednesday June 29, 2011 that the tour will begin in September and include stops in Moscow, London, Dubai, Geneva, Paris, Hong Kong and Los Angeles. The auction will be held over four days on Dec. 13-16. (AP Photo/Christie’s) This …
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Mandarin Oriental Paris makes its debut
eTurboNews
HONG KONG – Jean-François Legaret, Mayor of Paris’ first arrondissement joined senior executives from Mandarin Oriental Hotel Group and Société Foncière Lyonnaise today to officiate at the opening of Mandarin Oriental, Paris, bringing the Group’s …
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Fast fashion catches consumer fancy in Asia
Moneycontrol.com
They plan to open their first stores in Hong Kong’s central business district in a few months. Expansion plans by Abercrombie and other big names could hurt established Asian brands such as Giordano, Esprit and Bossini, rather than high-end clothiers. …
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Mayer Brown to Open Singapore Office for Arbitration and Financing Work
Bloomberg
Kevin Owen, head of the construction and engineering practice at the firm’s Asian practice Mayer Brown JSM, will move to Singapore from Hong Kong to helm operations in the Southeast Asian city, according to an e-mailed statement today. …
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Hong Kong’s Autonomy Crumbles
Asia Sentinel (blog)
Hong Kong’s autonomy is crumbling by the day as bumbling by an inept and unelected government has invited mainland interference. On June 28 the government announced two major policy retreats, partly it seems in the hope of reducing turnout at …
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AsiaRooms.com – Meet the Muddy Wrestlers in Hong Kong
The Open Press (press release)
(OPENPRESS) June 30, 2011 — A new exhibition entitled Meet the Muddy Wrestlers has opened at the Hong Kong Wetland Park. The show is available to view until September 5th and will allow visitors to get closer to horseshoe and fiddler crabs. …
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Rihanna, Richard Gere And Other Bizarre Tourism Ambassadors (PHOTOS)
Huffington Post
The Hong Kong Tourism Board selected McDull, an animated pig famous for his complete lack of memorable qualities, to represent the island state for the summer season this week. This week Hong Kong announced that the face of its summer campaign would …
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How to make money in China’s property sector now
Moneycontrol.com
As such, the possibilities of M&A activity will also increase,” Danny Bao, Daiwa`s Hong Kong and China property sector analyst wrote in a note to clients. By the bank`s calculations, property prices in Beijing, Shanghai and Shenzhen recorded an average …
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Factbox: World’s neglected tropical diseases
Reuters
By Tan Ee Lyn HONG KONG (Reuters) – A northeastern Thailand province is preparing to test its population for a parasitic worm to detect early signs of bile duct cancer, which is caused by eating raw seafood. While this form of cancer is rare in most …
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StanChart PE acquires 49 pct of S.Korea’s biggest forklift maker
Reuters
HONG KONG, June 30 (Reuters) – Standard Chartered Private Equity (SCPE) said on Thursday that it has acquired a 49 percent stake in South Korea’s largest forklift maker, Doosan Industrial Vehicle, for an undisclosed amount. …
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Hong Kong Daily News 2011.06.29

Why Markets Butchered China Pork Producer
Wall Street Journal
The Hong Kong-listed Chinese pork producer dived 24% in the first two days of the week on fears that short sellers Muddy Waters was about to publish a report exposing fraud.  So far that report has not appeared and Muddy Waters declined to confirm the …
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Most Hong Kong Stocks Rise Ahead of Greek Vote; Li & Fung Drops
San Francisco Chronicle
AP NewsBreak: Bulger lawyer blasts prosecutors 06.29.11 June 29 (Bloomberg) — Most Hong Kong stocks rose ahead of a vote by Greek lawmakers that may allow budget cuts needed to secure financial aid, countering concern China will take further action to …
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Asia Pacific stock sales firm, outlook clouded by stock slump
Reuters
By Elzio Barreto HONG KONG, June 30 (Reuters) – Stock offerings in Asia Pacific edged higher in the first half of the year, but lingering concerns about sovereign debt troubles in Europe, slower US growth and higher interest rates in China are clouding …
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China shares fall; bank stocks weigh on Hong Kong
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 29 (Reuters) – Chinese shares fell on Wednesday, snapping a six-day winning streak and erasing gains in Hong Kong, with investors selling Chinese bank stocks after rumours about an interest rate hike …
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Old osteoporosis drug may help in killing flu viruses
Reuters
By Tan Ee Lyn HONG KONG (Reuters) – A old osteoporosis drug may be effective in killing a range of influenza viruses, including ones that are very dangerous to people like the H5N1 bird flu virus, scientists in Hong Kong reported on Wednesday. …
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Incap opens an office in Hong Kong
Reuters (press release)
Incap is enhancing and improving its materials management further by establishing an office for sourcing and procurement in Hong Kong. The local company, Incap Hong Kong Limited, will start operating in the beginning of August, when the Group’s …
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Highway Holdings Reports Fiscal 2011 Fourth Quarter/ Year-End Results
MarketWatch (press release)
HONG KONG, Jun 29, 2011 (GlobeNewswire via COMTEX) — Highway Holdings Limited /quotes/zigman/62374/quotes/nls/hiho HIHO +25.50% today reported strong results for the fourth quarter and fiscal year ended March 31, 2011, with annual sales almost …
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Katich’s axing stumps opening mate Watson
Sydney Morning Herald
HONG KONG: Australian vice-captain Shane Watson has expressed shock over Cricket Australia’s decision to dump batting partner Simon Katich from its list of 25 contracted players. Watson described 35-year-old Katich as a ”mate” and said the …
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Northumbrian Water deal waits for Hong Kong’s Mr Rich
nebusiness.co.uk
by Jez Davison, Evening Gazette NORTHUMBRIAN Water has refused to rule out a takeover bid by one of Hong Kong’s richest men. The utilities firm run by CEO Heidi Mottram, which has a £33m waste-to-energy treatment facility at Bran Sands, …
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Market Volatility Stymies Prospective IPOs
Wall Street Journal
By YVONNE LEE And DAVID ROGERS HONG KONG—Around US$1 billion in initial public offerings fell victim to weak markets Wednesday, with China Hanking Holdings Ltd., which had secured a cornerstone investor, and Barminco Ltd., Australia’s biggest new …
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UPDATE 1-BYD says Q1 profit falls 84.4 pct on year
Reuters
HONG KONG, June 29 (Reuters) – BYD Company Ltd , the Chinese automaker backed by US billionaire Warren Buffett, said its net profit for the first quarter of 2011 fell 84.4 percent year-on-year in accordance with Chinese accounting standards. …
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Crops out of concrete: Farming Hong Kong’s urban island
CNN International
By Benjamin Gottlieb, for CNN Hong Kong (CNN) — On the roof of a 21-story office building in Hong Kong’s eastern district sits a grassy patch of hope that agriculture can thrive even in one of the world’s most congested spaces. …
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Navigating Hong Kong’s Coasts
Wall Street Journal (blog)
Mr. Tait, an English teacher at Hong Kong University’s School of Professional and Continuing Education (better known as HKU SPACE), doesn’t just stroll along the beach—he goes coasteering. First popularized in Wales about 20 years ago, …
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Hong Kong leader claims public supports abolition of by-elections
Monsters and Critics.com
Hong Kong – Hong Kong leader Donald Tsang on Wednesday claimed the government had public support for a proposal to scrap by-elections in the city. The Beijing-appointed chief executive said people wanted action after five pro-democracy legislators …
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McDull the pig chosen to represent Hong Kong
Telegraph.co.uk
A slow-witted cartoon pig named McDull has been chosen ahead of the likes of Jackie Chan and Jet Li, the kung fu film stars, as the face of Hong Kong this year. By Malcolm Moore, Shanghai The Hong Kong Tourist Board said it had “hired” McDull ahead of …
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Invest Hong Kong thanks overseas and Mainland investors for their confidence …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Chief Executive, Mr Donald Tsang, today (June 29) hosted a cocktail reception to thank the overseas and Mainland investors that have set up or expanded in Hong Kong during the past year. Their presence in Hong Kong is a …
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PCCW Global and Tinet Bridge Ethernet Services
MarketWatch (press release)
PCCW Limited /quotes/zigman/26457 HK:8 +1.82% is the holding company of HKT Group Holdings Limited (HKT), Hong Kong’s premier telecommunications provider and a world-class player in Information and Communications Technologies. …
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HK Airport Authority Last FY Net Profit Up 42% At Record HK$4.04 Bln
Wall Street Journal
HONG KONG (Dow Jones)–Airport Authority Hong Kong, which operates the city’s international airport, said Wednesday its net profit for the fiscal year ended March 31 rose 42% to a record HK$4.04 billion (US$519 million) because of strong demand for air …
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The Bachelorette – Hong Kong Phooey
CliqueClack TV
It was called Hong Kong Phooey, and featured the vocal stylings of the fabulous Scatman Crothers. As I watched Ashley and the gang cavort around Hong Kong, the theme song to this cartoon kept running through my head. Ironically, natch. Hong Kong Phooey …
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LC Urgent Q2: Scarlet fever in Hong Kong and neighbouring areas
7thSpace Interactive (press release)
There has been a rapid increase in the number of cases of scarlet fever (SF) infection in recent months, including the fatal cases of two young children, and a study conducted by the University of Hong Kong has revealed that a mutated strain of the SF …
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Grand Power Logistics Reports Financial Results for Q1 2011
MarketWatch (press release)
In April, 2011, the Corporation’s Hong Kong subsidiary, Grand Power Express International Limited (“GP Express”), has signed an exclusive partnership contract with Necko Freight Forwarders Ltd. (a subsidiary of Budget Couriers Pvt Ltd.) to develop …
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Hong Kong’s exports up 10.1% in May
China Daily
HONG KONG – The values of Hong Kong’s total goods exports and imports both recorded year-on-year increases in May, at 10.1 percent and 13 percent respectively, the Census & Statistics Department of the city government said Tuesday. …
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Hong Kong Protests Loom as Tsang’s Support Sinks on Widening Wealth Gap
Bloomberg
s chief Asia and emerging-market strategist, talks about the outlook for Greece’s debt crisis, and Hong Kong and China’s economies. Mowat speaks with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) Hong Kong’s widening …
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Kazakhmys Lists On Hong Kong Stock Exchange, May Issue Shares Later
NASDAQ
LN), said Wednesday that it has successfully listed its ordinary shares on the Main Board of the Stock Exchange of Hong Kong, and said no new shares have been issued or sold, but it may consider issuing some shares into the Hong Kong market at a later …
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Hong Kong remains a crucial role model for China’s future
China Post
But he went out of his way to pay tribute to Hong Kong, whose people had come out in great numbers to show their support for him after he was detained in April. Ai risked official retribution by voicing respect and gratitude for people in Hong Kong, …
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Who Says China Inflation Is Under Control?
Seeking Alpha
The Shanghai A-share index shot up 2.16 percent, and Hong Kong’s Hang Seng 1.90 percent the day after Wen’s article was published. On Monday, however, Wen, who is traveling to Europe, was quoted by the Hong Kong Media as saying for the first time that …
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Hong Kong activist fined over Beijing massacre protest statue
Monsters and Critics.com
Hong Kong – A pro-democracy activist in Hong Kong was Wednesday fined for putting up a statue outside a shopping mall to commemorate the 1989 student massacre in Beijing. Li Yiu-kee was fined 2000 Hong Kong dollars (257 US dollars) for helping erect a …
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Moody’s answers investor questions on Hong Kong’s Renminbi bonds
HedgeWeek
An earlier Moody’s report, published on 19 January 2011 and entitled “The Current Menu for Renminbi Bonds in Hong Kong: Dim Sum or Synthetic?”, provided background commentary on this evolving bond market in Hong Kong. offshore bonds – ie bonds issued …
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Hong Kong still on the List
Just Horse Racing
While Hay List continues to recover from a leg infection at the Randwick Equine Centre, McNair is on a reconnaissance mission in Hong Kong where he has been inspecting the facilities for a possible trip there in December. Hay List has been battling …
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Standard Chartered on track to report record profits for first half of the year
The Guardian
Strong trading in Hong Kong, Singapore, Malaysia, China and Indonesia help- ed offset lower income in India and Africa for Standard Chartered, which is on track to report record profits in the first half of the year. The London-based emerging markets …
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Hong Kong Seeks Arrest of Chinese Lawyer Over Insider Trading
The American Lawyer
A Hong Kong court has issued an arrest warrant for mainland Chinese lawyer Pan Caihong, after she failed to appear in court to face nine counts of insider trading. Pan was due to appear in the magistrates’ court of Hong Kong’s Eastern District Thursday …
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Proportion of Hong Kong people with good impression of Japanese surges
Mainichi Daily News
(AP Photo/Hiro Komae) HONG KONG (Kyodo) — The University of Hong Kong has found that the proportion of Hong Kong people with a good impression of the Japanese surged to 60 percent in its recent survey following the March 11 earthquake, from 35 percent …
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Office markets in top 3 financial centres rebound at varying speeds
Channel News Asia
By Jonathan Peeris | Posted: 29 June 2011 2224 hrs SINGAPORE : Office markets in the world’s top three financial centres – London, New York and Hong Kong – have recovered from the impact of the global financial crisis at varying speeds, according to CB …
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HK stocks close flat, Chinese banks weigh
Reuters
HONG KONG, June 29 (Reuters) – Hong Kong stocks cut early gains to close flat on Wednesday in declining volume as investors sold Chinese banking plays on uncertainty over their exposure to bad debt. The benchmark Hang Seng Index finished essentially …
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LCQ5: Broadcast of Legislative Council meetings by Radio Television Hong Kong
7thSpace Interactive (press release)
On Radio 5 of Radio Television Hong Kong (RTHK Radio 5), there are quite a number of programmes (eg Chinese operas, education and cultural programmes, as well as programmes catering for minority interests, etc.) the target audience of which is the …
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International Leaders
Investor’s Business Daily
You can find such a group in Hong Kong. Gaming and related equipment ranks 91st out of the 197 US industries tracked by IBD as of Tuesday’s edition. But it holds the No. 1 slot among Hong Kong listings. What we’re really talking about here is casinos. …
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Experts advise Chinese firms to embrace local culture
Plastics News
HONG KONG (June 28, 2011) — Chinese manufacturers are frequently told that one way to become more profitable is to develop their own brands and invest more in product design. But what’s often missing in that advice is how to make that complicated …
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Cathay Financial to form HK joint venture
Taipei Times
By Kevin Chen / Staff Reporter Cathay Financial Holding Co (國泰金控) shares rallied 4.66 percent yesterday after the nation’s largest financial services provider said its board had agreed to form a joint venture in Hong Kong with Conning Holdings Corp …
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Monday Ratings for June 27: ‘Bachelorette’ Picks Up Steam in Hong Kong
BuddyTV
On The Bachelorette, Ashley and her men headed to Hong Kong, where Gollum Bentley was creepily lurking inside a cave hotel room. The episode was up 9% versus last week, with 8.34 million viewers tuning in to look at Bentley’s dumb face one last time.
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Reflecting Asia’s Importance to Client Businesses, Spencer Stuart Locates …
Gamut News
HONG KONG, June 29, 2011 /PRNewswire-Asia/ — Spencer Stuart, a leading global executive search consulting firm, today announced that Simon Fenton — who oversees the firm’s business in the strategic growth markets of Brazil, India and China, …
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HK IPO market posts best interim performance in 10 years
The Asset
Hong Kong’s initial public offering market has bucked the weak market trend to post the best interim performance in 10 years, raising IPO proceeds 2.6 times more than 2010. In the first half of 2011, a total of HKD182.2 billion was raised from 33 IPO …
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Cosmopolitan Hotel and Cosmo Hotel Hong Kong Offers Spectacular Summer Family …
PR Web (press release)
Cosmopolitan Hotel Hong Kong and Cosmo Hotel Hong Kong are now launching family travel package offering various free services and room type options well suited to different family’s sizes and needs. Cosmopolitan Hotel Hong Kong and Cosmo Hotel Hong …
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HK shares to open up 0.8 pct, Yurun rebounds
Reuters
HONG KONG, June 29 (Reuters) – Hong Kong stocks could edge nigher on Wednesday, tracking gains on Wall Street amid increasing confidence that the Greek parliament will enact harsh austerity measures to save the euro zone member from debt default. …
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CTDC Announces Its 2010 Annual Report on Form 20-F
TradersHuddle.com (press release)
The Annual Report on Form 20-F can be accessed from the investor relations section of the Company’s website at http://www.chinactdc.com CTDC, a fast-growing clean energy group with headquarters in Hong Kong, provides solar energy products and solutions …
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Luk Fook Sales, Profits Soar on Rising Chinese Jewelry Demand
Diamonds.net
Luk Fook Holdings’ revenues and profits soared in the fiscal year that ended on March 31, 2011, as rising Chinese demand for luxury products helped boost the Hong Kong-based company’s performance. ”The step-up in the overall performance was mainly …
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Mapletree ‘in talks to buy HK’s Festival Walk’
TODAYonline
HONG KONG – Mapletree Investments, a property arm of Singapore investment company Temasek Holdings, is in discussions to buy the Festival Walk retail complex (picture) in Hong Kong’s Kowloon Tong district, the Sing Tao Daily reported yesterday, …
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Hong Kong Daily News 2011.06.28

Standard Chartered Sees Double-Digit Growth
Bloomberg
By Stephanie Tong and Gavin Finch – Tue Jun 28 16:00:08 GMT 2011 A customer enters a Standard Chartered Bank (Hong Kong) Ltd. branch in Causeway Bay, Hong Kong. Income from markets including Hong Kong, Singapore and China helped offset a decline in …
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Hong Kong Stocks Swing Between Gains, Losses; Developers Retreat
San Francisco Chronicle
June 28 (Bloomberg) — Hong Kong stocks swung between gains and losses as developers retreated after new mortgage drawdowns fell in the city and lender HSBC Holdings Plc climbed on signs Greece may be nearing a deal to roll over some of its debts. …
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‘The Bachelorette’ recap: Hong Kong Phooey
Entertainment Weekly
Things are getting off on a creepy foot here in Hong Kong. That low-budget shot of Ashley standing still as crowds of Chinese passersby blur past her was perhaps supposed to be “deep,” but poor Ashley is trying so hard to appear pensive and reflective …
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HK, China shares flat in declining volume
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 28 (Reuters) – Hong Kong and China stocks finished largely flat with declining volumes on Tuesday as Chinese banks holding hefty local government debt were seen as unattractive in the near term even as …
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Irish boss urges Test roadmap for minnows
AFP
HONG KONG — Irish cricket chief Warren Deutrom Tuesday urged the global governing body to run the sport as a “meritocracy” by giving smaller nations the chance to achieve Test status. Deutrom welcomed a decision by the International Cricket Council …
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China Merchants Bank, China Yurun, ZTE: Hong Kong Stock Preview
Bloomberg
By Anna Kitanaka – Tue Jun 28 00:43:57 GMT 2011 The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index (HSI) lost 0.6 percent to …
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Therapeutic Solutions International, Inc. Signs Distribution Agreements in …
MarketWatch (press release)
The availability of the NTI Tension Suppression System will allow dentists throughout Hong Kong and Singapore the ability to provide our unique migraine prevention product to their patients.” Therapeutic Solutions International, Inc. is a company that …
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Sunwah eyes hedge fund growth with RAB, PCE deals
Reuters
By Laurence Fletcher LONDON, June 28 (Reuters) – Hong Kong-based financial services group Sunwah, backed by the wealthy Choi family, is planning opportunistic deals with embattled fund firms RAB and PCE as it launches into the European hedge fund …
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Standard Chartered rises 2% after positive update, as FTSE edges higher
The Guardian
Standard is benefiting from strong growth in Hong Kong, Singapore and China, and also from a bout of cost cutting. It has cut headcount by 1300 in the first five months of the year, but plans to take on more staff in the second half. …
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Swire Says It’s in Talks to Sell ‘Significant’ Property Asset
San Francisco Chronicle
June 28 (Bloomberg) — Swire Pacific Ltd., the Hong Kong office and retail landlord, said it is in talks to sell a “significant” property. Swire Pacific “is in discussions which may lead to the disposal of a significant investment property asset,” and …
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Fashion Report From HongKong: I spy a cool collection
Philippine Star
At the launch of Emporio Armani’s fall/winter 2011 collection in Hong Kong, they were keeping the details very hush-hush. Would there be a fashion show? Would Mr. Armani himself be there? No details were forthcoming, just that we should show up at the …
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Asian Shares End Mostly Higher; Sydney, Tokyo Shares Advance
Wall Street Journal
HONG KONG (MarketWatch)–Asian markets ended mostly higher Tuesday, with Japanese and Australian shares rising, supported by optimism Greece will be able to avert a disorderly default on its sovereign debt. Greece’s debt troubles, which have worried …
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Gillard must repel big tobacco’s latest attack
The Canberra Times
BY KYLA TIENHAARA AND THOMAS FAUNCE The company plans to utilise a little-known Investment Promotion and Protection Agreement signed between Australia and Hong Kong in 1993. This agreement provides for ”investor-state dispute settlement” an expensive …
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Hong Kong Government Names Gregory So As New Commerce Secretary
NASDAQ
HONG KONG -(Dow Jones)- The Hong Kong government Tuesday appointed Gregory So as the new commerce secretary, succeeding Rita Lau, who resigned for health reasons in April after an operation to remove a colon tumor. So, 52, joined the Hong Kong…
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Iceland-Hong Kong trade deal on aphrodisiac sea cucumbers
IceNews
The EFTA and Hong Kong have signed a free-trade agreement, which will effectively allow Iceland, Liechtenstein, Norway and Switzerland to use Hong Kong as a de-facto home market when exporting to other parts of Asia. “This is one hell of a contract …
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Plans to turn Bruce Lee’s home into a museum foiled
CNNGo.com
Philanthropist Yu Panglin, a self-professed Bruce Lee fan who currently owns the property, offered to donate the house to the Hong Kong government in 2008. His condition: the two-story property should be expanded to include a library, a cinema and a …
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Hikers trace Jose Rizal’s daily route in Hong Kong
GMANews.TV
Some 40 hikers joined a historic walking tour, retracing Philippine national hero Dr. Jose Rizal’s daily route during his stay in Hong Kong for six months from 1891 to 1892. The participants joined the hike on June 19, Rizal’s 150th birth anniversary, …
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High-rise route to a Hong Kong fortune
Telegraph.co.uk
Expat English teacher Linda Kernan on the night her small flat in Hong Kong turned her into a ‘millionaire’. My mobile rang in the middle of my English class recently, breaking all the rules. This was bad enough, but I actually took the call, …
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Apple planning Hong Kong megastore
The Independent
Tech geeks across Asia are rejoicing following confirmation that Apple is going ahead with plans to open its first official retail store in Hong Kong. And what a store it promises to be. Situated in the heart of Hong Kong’s IFC Mall, …
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International study ranks Hong Kong students’ digital reading literacy among …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Education Bureau (EDB) is pleased to note that Hong Kong students performed well in digital reading literacy in the Programme for International Student Assessment (PISA) 2009 results announced today (June 28). …
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CPA Global Celebrates Success in Greater China IP Market
PR Newswire (press release)
CPA Global, the world’s top intellectual property (IP) management specialist and a leading provider of legal services outsourcing (LSO), has made significant inroads into the Greater China market since opening its office in Hong Kong two years ago, …
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6waves Selects Akamai to Enhance the Experience for Social Games
PR Newswire (press release)
HONG KONG, June 27, 2011 /PRNewswire/ — Akamai Technologies Hong Kong Limited, the leading provider of cloud optimization services, today announced that 6waves Inc., a leading international publisher and developer of gaming applications, is leveraging …
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Hong Kong outbreak marks lethal comeback of scarlet fever
Empowered News
Hong Kong residents are dealing with a lethal outbreak of drug-resistant scarlet fever that already killed a 7-year-old girl and a 5-year old boy. The two children died from a scarlet fever complication called toxic shock syndrome. …
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Commissioner for Hong Kong and Macau retires
Media Newswire (press release)
Hong Kong: Queensland Premier, Anna Bligh has today announced that Simon Lee, Queensland’s longest serving overseas representative, will be retiring as commissioner to Hong Kong and Macau in July. Hong Kong: Queensland Premier, Anna Bligh has today …
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IPO Filings Accelerate to Highest Since 2007 Just as Stock Markets Retreat
Bloomberg
All but five of the biggest IPOs in Hong Kong have declined since their debut, with Chinese inflation rising to its highest since 2008, according to data compiled by Bloomberg. “Despite significant global activity, the market sentiment for deals now is …
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Universal Security Instruments Reports Fourth-Quarter and Year-End Results
MarketWatch (press release)
UNIVERSAL SECURITY INSTRUMENTS, INC. is a US-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has a 42 year heritage of developing innovative and easy-to-install …
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P220K given to kin of OFW run over by bus
ABS CBN News
MANILA, Philippines – The family of the overseas Filipino worker (OFW) who died in Hong Kong while saving the life of the kindergarten son of her employer will receive death insurance benefits from the Overseas Welfare Workers Administration (OWWA). …
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Engadget Chinese Launches New Editorial Team, with Richard Lai, Associate …
MarketWatch (press release)
We’ll be delivering even faster and more relevant news for our Chinese readers across the world, particularly in mainland China, Taiwan, and Hong Kong. Readers can expect more localized features that will offer detailed and unbiased advice on choosing …
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Hong Kong Visible Trade Deficit Widens In May
RTT News
(RTTNews) – Hong Kong’s merchandise trade deficit widened from last year in May, data released by the Census and Statistics Department showed Tuesday. The trade balance increased to HK$ 35.69 billion in May from HK$ 25.09 billion last year. …
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AsiaRooms.com – Hong Kong Fashion Week kicks off in July
The Open Press (press release)
(OPENPRESS) June 28, 2011 — Next month sees Hong Kong Fashion Week take place, bringing together the innovative designs from established designers and emerging talents. Running from July 4th to 7th, the occasion will be held at the Hong Kong…
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Kazakhmys: Would Consider Equity Fund Raising In Hong Kong When Stock Market …
Automated Trader
HONG KONG -(Dow Jones)- London-listed miner Kazakhmys PLC (KAZ.LN) would consider equity-fund raising in Hong Kong when the stock market recovers, Chief Executive Oleg Novachuk said Tuesday. His comments come as the company prepares for the start of …
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Visitor arrivals to Hong Kong rise by 15% in May 2011
Travel Daily News International
The Hong Kong Tourism Board announced that total visitor arrivals to Hong Kong in the month of May reached 3230028, a year-on-year increase of 14.7%. Between January and May 2011, visitor arrivals cumulated to 16295959, 14.5% more compared to the same …
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Hong Kong to launch Internet learning program July 14
IDG News Service
The Hong Kong government is set to launch the controversial HK$220 million Internet Learning Support Program (ILSP) on July 14 to help students from low income families make use of the Internet for learning, said the Government CIO Stephen Mak Monday. …
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Deteriorated Old and Valuable Tree in Hong Kong Zoological and Botanical …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Leisure and Cultural Services Department (LCSD) today (June 28) removed an Old and Valuable Tree (OVT) in Hong Kong Zoological and Botanical Gardens to ensure public safety. The tree was an 8-metre-tall Apple-blossom and was …
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North Korea slashes food rations: aid worker
AFP
A new moneyed middle class is emerging while the strictly regimented state had lauded a new “mini-MBA” run by her agency using Hong Kong teachers. Food supplies to the estimated population of 23 million people have been controlled through a public …
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Hong Kong Fitness Firm Pure Flexes Muscle in Tough Market
CNBC.com
To survive in the fitness business in Hong Kong one needs a lot of muscle. A company, which is still pushing hard is the Pure Group. It entered the arena in 2002 with one yoga studio and has since expanded its business to include gyms, restaurants and …
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3D Sex And Zen to be shown here uncut
AsiaOne
By Jill Alphonso [Actress Saori Hara and actor Hiro Haayanan star in Hong Kong’s 3D Sex And Zen, which opens in Singapore cinemas on July 21.] SINGAPORE – Things are going to get very steamy in cinemas, come July 21. That’s the day Hong Kong’s first …
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HK villagers protest over illegal home structures
Channel News Asia
By Leslie Tang | Posted: 28 June 2011 1912 hrs HONG KONG : Thousands of villagers staged a noisy protest outside Hong Kong’s Legislative Council (Legco) on Tuesday, as lawmakers discussed the government’s plans to demolish illegal building structures. …
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Malaysia’s Bumi Armada Prepares $907 Million IPO
Wall Street Journal
Australian miner Resourcehouse Ltd. scrapped its Hong Kong IPO for up to $3.6 billion because of choppy market conditions, while US luggage maker Samsonite International SA priced its $1.25 billion Hong Kong IPO at the bottom end of its price guidance. …
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Bain: The new king of kam cha
Toronto Star
Johnny Fu volunteers at one of Yee Hong’s residences making milk tea for seniors. He took part in a competition on Saturday. By Jennifer Bain Food Editor Tony Chiu knows the secret to making a great pot of Hong Kong milk tea. The co-owner of Marathon …
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Hong Kong Government Proposes Independent Insurance Authority
Insurance News Net (press release)
The Hong Kong government announced a proposal to establish the Independent Insurance Authority as the main regulator for insurers and insurance intermediaries and the sole authority to outline conduct standards and regulatory requirements, …
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Mutated Bacteria Drives Scarlet Fever Outbreak
Science Now
by Dennis Normile on 27 June 2011, 12:38 PM | Permanent Link | 0 Comments HONG KONG—A mutated strain of bacteria is apparently behind an outbreak of scarlet fever in Hong Kong that has killed two children and sickened more than 600 people so far this …
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China Precision Steel Announces Annual Meeting Date
PR Newswire (press release)
The meeting will take place at the Company’s headquarters, 87 Wing Lok Street, 18/F, Sheung Wan, Hong Kong and commence at 10:00 am Hong Kong time / Wednesday, June 29th 10:00 pm ET. All shareholders of record as of June 2, 2011 will be eligible to …
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Potential Hong Kong Index (EWH) Trade Has $17.10 Breakeven
Market Intelligence Center
Hong Kong Index (AMEX:EWH) closed Monday’s bullish trading session at $18.10. In the past year, the ETF has hit a 52-week low of $14.57 and 52-week high of $20.24. Hong Kong Index (EWH) has been showing support around $17.88 and resistance in the …
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History may repeat in Hong Kong, beware the bubble: analyst
Asia Property Report
A seasoned property watcher has a dire warning when he looks at the current property scene in Hong Kong. “I see history probably repeating itself and a correction looming large for the market,” said Koh Keng-shing, who has more than 30 years under his …
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China sparks a building boom in South East Asia
Telegraph.co.uk
From Hong Kong to Bangkok to Hanoi, politicians in South East Asia are dusting off ambitious plans for railways and roads, spurred in some cases by investment from China. By Our Foreign Staff Almost three years after the financial crisis stalled …
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NV Multi eyes Hong Kong listing next year
The Borneo Post
SIBU: NV Multi Corporation Bhd (NV Multi) which is a well established and award winning bereavement care industry leader has targeted a listing on the Hong Kong Stock Exchange next year to make it known worldwide. Disclosing this, its group’s managing …
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Life Behind the Great Firewall of China
PC Magazine
By Sascha Segan HONG KONG—Here in Hong Kong, the Internet is global. But just over the border in the Chinese boom town of Shenzhen, major international websites get shut down behind the famed “Great Firewall of China.” Watching the vibrant economic …
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Hong Kong Daily News 2011.06.27

China shares advance, Hong Kong stocks slip; Yurun plunges
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 27 (Reuters) – China shares rose on Monday, buoyed by transportation and industrial plays as oil prices fell, while Hong Kong stocks slipped on profit-taking triggered by weakness overseas. …
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Mutated scarlet fever fuels Hong Kong outbreak
The Associated Press
Ultramodern Hong Kong is tussling with a centuries-old bug long forgotten in many developed countries — an outbreak of drug-resistant scarlet fever that has killed the first children there in a decade. And with it is the rise of a mutated strain that …
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Asian Shares End Mostly Down,Greek Debt Woes;Energy Cos,Banks Fall
Wall Street Journal
HONG KONG (MarketWatch) – Most Asian markets fell Monday as caution prevailed ahead of this week’s Greek parliamentary vote on austerity measures, with energy stocks shrinking on weaker oil prices and some banks dropping on concerns about a harsher …
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Hong Kong’s real wild side
CNN International
The great outdoors and Hong Kong might seem like an oxymoron, but most of the territory’s best hiking trails can be reached in under an hour from Central on Hong Kong Island. With convenience at the heart of city life, a short taxi ride or bus journey …
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China Yurun Slides in Hong Kong on Report Pork Prices May Narrow Margin
Bloomberg
Yurun slid by HK$5.10, or 20 percent, to HK$20.60 at the 4 pm close of trading in Hong Kong today. The drop was the biggest since the company first sold shares in October 2005 and the steepest decline today on the MSCI Asia Pacific Index. …
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Proposed Bruce Lee Museum Shelved in Hong Kong
Hollywood Reporter
HONG KONG – Plans to build a Bruce Lee museum at the late megastar’s former residence in Hong Kong has been abandoned. The Hong Kong government is unable to reach an agreement with the owner of the property, businessman Yu Pang-lin, for the last two …
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China’s Stocks Rise, Capping Longest Winning Streak in 4 Months
Bloomberg
(Source: Bloomberg) June 21 (Bloomberg) — Wendy Liu, an analyst at Royal Bank of Scotland Group Plc in Hong Kong, talks about the outlook for China’s economy and stock market. Liu speaks in Hong Kong with Rishaad Salamat on Bloomberg Television’s “On …
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Japanese singer Yui stages first foreign show
The Associated Press
HONG KONG (AP) — Rising Japanese singer-songwriter Yui led her four-member band with confidence, switching between electric and acoustic guitar and the keyboard. It was the kind of vibrant live performance that has helped the 24-year-old former street …
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Hong Kong’s CKI mulls Northumbrian Water bid
Reuters
By Rhys Jones LONDON, JUNE 27 – Hong Kong property developer Cheung Kong Infrastructure Holdings (CKI) on Monday said it was considering making a cash offer for Britain’s Northumbrian Water , sending the utility’s shares up 6 percent. …
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Might isn’t right, Labor tells big tobacco
Herald Sun
Philip Morris has launched an action suggesting the commonwealth is effectively planning to steal the company’s brand in contravention of a bilateral investment treaty Australia signed with Hong Kong 20 years ago. But Ms Gillard says Labor isn’t about …
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Hong Kong scientists make vision ‘breakthrough’
Inquirer.net
HONG KONG – Scientists in Hong Kong said Monday they had made a “breakthrough” discovery in how animals see and react to changing light conditions, which could ultimately help fight a range of human diseases. The Hong Kong University of Science and …
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HK May mortgage loans drawn down drop 1.4 pct vs April
Reuters
HONG KONG, June 27 (Reuters) – New mortgage loans drawn down in Hong Kong totalled HK$26.5 billion ($3.4 billion) in May, down 1.4 percent from a month earlier, data from the Hong Kong Monetary Authority (HKMA) showed. The value of new mortgage loans …
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Sun Art Draws Cornerstone Investors for IPO
Wall Street Journal
By PRUDENCE HO And YVONNE LEE HONG KONG—Chinese hypermarket operator Sun Art Retail Group Ltd. has locked in nine cornerstone investors including a sovereign-wealth fund for its planned Hong Kong IPO, which aims to raise as much as US$1.06 billion, …
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Global traveler: Hong Kong: Top of the tower
Belfast Telegraph
By Roger St Pierre Dominating the city skyline as the world’s “highest” hotel the Ritz-Carlton, Hong Kong, (+852 2263 2100, ritzcarton.com) has just opened. Occupying floors 102 to 118 at the very top of the International Commerce Centre (ICC), …
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‘Bachelorette’ Preview: Bentley Williams Is Back & Ashley Confronts Him In …
Hollywood Life
During the June 27 episode, Ashley’s shocked when host Chris Harrison tells her that Bentley’s flown to Hong Kong to see her. “You’re scaring me right now,” Ashley tells Chris as he walks into her hotel room to break the Bentley news. …
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Google: Zero demands from China’s cops, government after server switch
Bizjournals.com
Search and advertising giant Google Inc. said the Chinese government did not ask it to remove any content between July and December 2010, after Google switched to servers in Hong Kong. Google redesigned its “transparency report” page, …
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Injury scare as Diamonds prepare for title defence
Sydney Morning Herald
SINGAPORE: The Australian Diamonds have arrived in Singapore with a concussion scare for mid-courter Kimberlee Green the only minor drama from their Hong Kong training camp, as coach Norma Plummer declared her team healthy and prepared to start their …
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Water shares bubble up as Hong Kong group considers bid for Northumbrian
The Guardian
Northumbrian Water jumped 8% – up 30.5p to 413.5p – after Hong Kong property business CKI said it was considering a cash offer for the company. Any bid would be worth more than £2bn, but CKI said there was no certainty a deal would happen. …
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Tiger Global, Singapore Are Buyers in Sun Art’s $1 Billion Hong Kong IPO
Bloomberg
By Zijing Wu – Mon Jun 27 16:34:07 GMT 2011 Sun Art Retail Group Ltd., the Chinese hypermarket operator backed by France’s Groupe Auchan SA, plans to raise as much as HK$8.2 billion ($1.1 billion) in a Hong Kong initial public offering. …
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Hong Kong harbour-and-dinner quickie
Sydney Morning Herald
Could you advise on the practicality of heading into Hong Kong for a quick look at the harbour and dinner after our 6pm flight arrives? We are staying at the Novotel Citygate Hotel and our flight to London is mid-morning the next day. …
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Jingneng Hong Kong IPO Institutional Tranche Fully Covered – Source
NASDAQ
HONG KONG -(Dow Jones)- The institutional tranche of Beijing Jingneng Clean Energy Co.’s initial public offering has been fully covered, a person familiar with the situation said Monday. Among other investors, Fidelity has agreed to invest US$50 …
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July 1st solar eclipse will bring down Hong Kong astrologers warn Wen Jiabao
The Spoof (satire)
The high street lender’s decades-long bender on Enron-rooted scams is predicted to come to a very sticky end this Friday, the fourteenth anniversary of the UK’s ‘handover’ of Hong Kong to the Chinese. During the early 1990s – at the height of Princess …
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Rank sits on the fence
Financial Times
By Jonathan Guthrie Shareholders in Rank have been put on the spot by Guoco, the Hong Kong vehicle of Malaysian billionaire Quek Leng Chan. Guoco has lifted its stake in the resurgent gambling business to more than 56 per cent at a price of 150p per …
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Hong Kong Book Fair looks to top one million visitors
The Independent
The annual Hong Kong Book Fair has evolved into a social phenomenon, attracting streams of crowds through its doors, courting some controversy and even – in more recent years – attracting a selection of the heavyweights of the world literary scene. …
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Offshore yuan market takes shape with first daily FX fixing
Reuters
HONG KONG, June 27 (Reuters) – The yuan was set at 6.4753 to the US dollar in the Hong Kong offshore market on Monday, the first-ever such fixing for the Chinese currency in a move that banks hope will help further deepen the burgeoning market and …
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Nicholas Tse admits marriage in trouble, but still loves Cecilia Cheung
Channel News Asia
BEIJING: Hong Kong actor Nicholas Tse admitted on Sunday, during the premiere of his film “Treasure Inn” in Beijing, that there were some “definite problems” in his marriage to actress Cecilia Cheung,reported Hong Kong media. …
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Michael Jackson’s “Thriller” Jacket Sold for $1.8 Million at Auction; Bruce …
Washington Post (blog)
(AP via Washington Post) Postponed: Efforts to build a Bruce Lee museum in the late kung fu movie star’s Hong Kong have stalled again. (ABC News) Inside the Pocketbook: Court filing offers a rare view of the Philadelphia Orchestra’s finances, …
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China Construction Bank (Asia) and ING Mark New Milestone of Another 10 Years …
MarketWatch (press release)
The comprehensive series of life and savings insurance products (in both HKD or RMB) from ING will continue to be available through the extensive branch network of CCB (Asia) in Hong Kong and Macau. This strategic move marks an exceptional chapter for …
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IFR-Far East Horizon deal to re-open China securitisation market
Reuters
By Nethelie Wong HONG KONG, June 25 (IFR) – Hong Kong-listed Far East Horizon has received approval for a Rmb1.1bn (US$165m) asset-backed securitisation that will mark the first deal of its kind from China since late 2008. Although the lease receivable …
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CCIM China Immersion | Hong Kong, where East meets West
Ball State Daily News
Hong Kong is a fascinating place, with a fascinating history. Hong Kong once was a colony of Britain because of this it contains aspect of the East and the West. Businesses from both ends of the earth take residence in Hong Kong, and business from the …
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Hong Kong Wah Nam to use Brockman stake to drive further iron ore consolidation
SteelGuru
Bloomberg reported that Hong Kong Wah Nam will use its major stake in Brockman Resources to drive further consolidation in the Pilbara iron ore sector and unlock an infrastructure solution for emerging hopefuls. The investment company emerged with a …
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Meet Hong Kong’s favorite pig this summer
CNNGo.com
A cartoon pig has beaten Jacky Chan and many other local superstars to promote “Hong Kong Summer Spectacular,” a city-wide summer program that is running until August 31. The Hong Kong Tourism Board (HKTB) is “hiring” McDull, a much-loved cartoon pig, …
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RBS adds Chinese investment bankers, betting on deal boom
Reuters
HONG KONG, June 27 (Reuters) – State-controlled Royal Bank of Scotland Group Plc said on Monday that it has hired two senior investment bankers in China, looking to grab a larger piece of dealmaking in the world’s second-largest economy. …
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Q&A: Gordon Chan Talks About ‘The Mural’
Hollywood Reporter
The Hong Kong film veteran talks about the arrival of effects-heavy films in China, and how far Chinese filmmakers still have to go. Gordon Chan famously took the ghosts out of the best-known Chinese ghost stories and ushered in the fantasy genre into …
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Luxury brands follow the money to Asian countries
Deccan Herald
Shoppers like Chen Zhuhang and Lin Xing are the reason that Prada, Samsonite and L’Occitane have chosen to stage stock market listings in Hong Kong. Neither of the two men professed much interest in investing in the Italian luxury fashion house Prada, …
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ECFA impact should be reassessed: academics
Taipei Times
Comparing the ECFA to the Closer Economic Partnership Arrangement (CEPA) signed between China and Hong Kong in June 2003, Huang said the repercussions for Hong Kong included “lower average wages and lower productivity” for workers in the manufacturing …
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Food Critic from Hong Kong Visits Korea
Arirang News
Hong Kong food critic Chua Lam is the definitive voice on all things related to food. On top of that, he has visited Korea more than a hundred times to understand and love its cuisine more than any other connoisseur! Having written more than 100 books …
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Mainlanders live in luxury in Hong Kong
China Daily
By Gao Qihui (chinadaily.com.cn) Mainlanders own the majority of Hong Kong’s top-end mansions, according to real estate figures. About 70 percent of Hong Kong’s luxury houses worth more than HK$100 million ($12.83 million) were purchased by Chinese …
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GENTLEMEN’S TONIC refreshes Hong Kong’s grooming and care industry for men
7thSpace Interactive (press release)
Hong Kong (HKSAR) – British men’s grooming and care business, GENTLEMEN’S TONIC, today (June 27) announced the launch of its business in Hong Kong. This is the company’s first outlet in Asia and is located in The Landmark building’s lower ground floor …
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UPDATE 1-Nine Dragons Paper sees higher debt levels this yr, to fall in 2012
Reuters
HONG KONG, June 27 (Reuters) – Beleaguered paper products maker Nine Dragons Paper (Holdings) Ltd expects its debt level to be higher this year because of investments in new projects, but that should start to fall in 2012 and 2013, Chairwoman Cheung …
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LegCo to debate a motion on the proposal on the constitutional reform in Hong Kong
7thSpace Interactive (press release)
During the meeting, Members will debate a motion on the proposal on the constitutional reform in Hong Kong. The motion, to be moved by Hon Leung Kwok-hung, states: “That on July 1, 2003, over 500 000 Hong Kong people took to the streets in protest, …
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Analysis: Asia hedge funds sharpen focus on risk
Reuters
By Nishant Kumar HONG KONG (Reuters) – As chief risk officer of newly launched Vulpes Investment, Bert Verdicchio is one of a powerful emerging breed of professionals trying to make Asia’s fast-growing hedge funds safer for investors. …
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First Tibetan company completes HK IPO
FinanceAsia
A Tibetan bottled-water company lists in Hong Kong, but Hosa and China Outfitters are forced to cancel their deals as investors shy away from mid-cap IPOs. By Anette Jönsson | 27 June 2011 Tibet 5100 Water Resources Holdings has raised HK$1.38 billion …
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Russia’s LUKOIL may push back Hong Kong listing
Reuters Africa
MM: Quote) will most likely not place shares in a public offering in Hong Kong this year, Andrei Gaidamaka, the company’s deputy vice president for strategic development, said on Monday. “Most likely it won’t happen,” he told reporters on the sidelines …
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Paul Hastings plans South Korea push as it awaits green light for US free …
The Lawyer
Chair of Paul Hastings’ London office Ronan O’Sullivan said Seoul was the next natural step for the firm’s Asian network, which is already tapping into the explosion of capital markets and IPO work in Hong Kong. “We have a fantastic Hong Kong office …
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ICC reviews ban on cricket minnows
Herald Sun
Cricket’s governing body has begun its four-day annual conference in Hong Kong with all eyes on the controversial proposal, which caused outrage among the smaller nations. ICC president Sharad Pawar has asked his board to discuss the matter at the …
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Hong Kong Triathlete Expected For PD Triathlon 2011
Bernama
PORT DICKSON, June 27 (Bernama) — Hong Kong’s leading triathlete Lee Chi Wo is expected to be among the 1500 participants of the Port Dickson International Triathlon (PDIT) 2011 scheduled for July 23 and 24 at the Avillion Admiral Cove. …
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Guangzhou Auto: Minority Shareholders OK Plan To Take GAC Changfeng Motor Private
Wall Street Journal
HONG KONG (Dow Jones)–Minority shareholders of Guangzhou Automobile Group Co. ( 2238.HK) on Monday approved the Chinese auto marker’s plan to take a 29%-owned affiliate private via a share-swap offer, a move that will allow the company to list its own …
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Asian shipping stocks headed for storm: analysts
MarketWatch
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — Asia’s shipping companies are headed for troubled waters, with operators of both bulk and container vessels recently subjected to brokerage downgrades on concerns of glutted supply and a cooling …
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Hong Kong Daily News 2011.06.24

Luxury Brands Follow the Money to Asia
New York Times
By BETTINA WASSENER HONG KONG — Shoppers like Chen Zhuhang and Lin Xing are the reason that Prada, Samsonite and L’Occitane have chosen to stage stock market listings in Hong Kong. Kin Cheung/Associated Press Neither of the two men professed much …
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Prada Follows Strong Asian Demand to Hong Kong Listing
Washington Post
June 24 (Bloomberg) — Bloomberg’s Linzie Janis reports on Prada SpA’s debut on the Hong Kong stock exchange. (/Bloomberg) Correction: Clarification: Comments our editors find particularly useful or relevant are displayed in Top Comments, …
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Summer May Subdue Scarlet Fever Outbreak
Wall Street Journal (blog)
By Isabella Steger Summer vacation could help subdue an outbreak of scarlet fever in Hong Kong that has claimed the lives of two children. According to figures from the Centre for Health Protection, 494 cases of scarlet fever have been reported this …
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CBD plans Hong Kong listing to lure capital
Sydney Morning Herald
THE renewable energy company CBD Energy, frustrated with what it sees as a lack of support from the local sharemarket, is considering delisting its shares from the Australian Securities Exchange to pursue a listing in Hong Kong or on the Nasdaq. …
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Hong Kong Cabs Go Cashless
Wall Street Journal (blog)
By Christopher Shay About 100 taxis in Hong Kong have opted into a system that allows customers to pay with a credit card, as part of an effort to get the city’s cabs outfitted with cash-free systems – but it’s unclear whether the companies offering …
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DRS, end of rotation system top ICC’s agenda
NDTV.com
… Decision Review System in all Test and ODI matches and the proposal to end the rotational policy in the appointment of ICC presidents post 2015 will top the agenda in the annual conference of the world body beginning on Sunday in Hong Kong. …
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Groupon Hong Kong and Macau.com to Offer Unbeatable Deals in Macau
PR Newswire (press release)
“We’re proud to welcome Groupon Hong Kong to one of the world’s fastest growing entertainment destinations — Macau,” said Kevin McKenzie, Director of Ignite Media Group. “As a member of Ignite Media Group, Macau.com is a sought-after online portal, …
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Hong Kong mulls law reforms in underage rape cases
AFP
HONG KONG — Hong Kong authorities said Friday they were mulling law reforms enabling children under 14 to be charged with rape, amid outrage over the case of a 13-year-old boy who assaulted a girl aged five. Sentencing the boy on Thursday, …
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Fastest Growing Millionaire Population? It’s in Hong Kong
Wall Street Journal (blog)
Asia’s growing millionaire class is rising through the global ranks, with Hong Kong’s new wealthy leading the way. Asia boasted 3.3 million high net-worth individuals last year according to the World Wealth Report 2011, released Thursday by Merrill …
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Prime 1.5-Acre Home Site in Hong Kong Goes For $1.5 Billion
World Property Channel
If Hong Kong land prices are cooling off, you couldn’t tell it by the most recent dirt deal. A 1.5-acre prime residential site (about 65402 square feet) has sold for $1.5 billion or about $3438 per square foot. Developer Cheung Kong (Holdings) Ltd., …
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Hong Kong Waits for the Real Estate Bubble to Burst
New York Times
By ALEX FREW McMILLAN HONG KONG — Chris and Karen Lane are in the market for a property in Hong Kong. They added a daughter, Bailyanna, to the family in October and are moving back to the city of Ms. Lane’s birth after nine years in Japan. …
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US Open champion Rory McIlroy ready for Hong Kong Open return
The Guardian
Photograph: Peter Macdiarmid/Getty Images The US Open champion Rory McIlroy will headline the field at the Hong Kong Open in December, the Asian Tour has announced. McIlroy, who won his first major at the Congressional Country Club by an impressive …
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Homegrown Idols
Wall Street Journal
squeals 19-year-old Alisha Budhrani, a Hong Kong resident of Indian origin. As two-fifths of the night’s support act Blush, they are about to perform in front of 14000 screaming Beliebers—the name adopted by the teen phenom’s legions of fans. …
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China Fiber Optic Company May Cut Hong Kong IPO Size – Term Sheet
NASDAQ
HONG KONG -(Dow Jones)- China Fiber Optic Network System Group Ltd. may cut the size of its Hong Kong initial public offering from up to US$83 million previously, according to a term sheet seen by Dow Jones Newswires Friday. …
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DHL invests 100m euros in Asia Pacific network enhancements
Moneycontrol.com
“Operated by Air Hong Kong, a joint venture between Cathay Pacific and DHL, the three Boeing 747-400 Converted Freighters with a payload of 100 tonnes each will service three high capacity routes six days a week: Tokyo-Hong Kong, Singapore-Hong Kong, …
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Freshfields Loses Hong Kong Managing Partner to Sullivan & Cromwell
The American Lawyer
Kay Ian Ng, formerly Hong Kong managing partner for Freshfields, will lead the new group for Sullivan & Cromwell. Counsel Gwen Wong is also coming aboard from Freshfields. Both focus on capital markets work. Ng has advised on many of Freshfields’ …
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A look at economic developments around the globe
The Associated Press
___ HONG KONG — Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report said. ___ TOKYO — In Asian trading, Japan’s Nikkei 225 closed 0.3 percent lower, while Hong …
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Nicholas Tse vows to handle family affairs, Cecilia Cheung speaks
Channel News Asia
Rumours have been rife after the latter’s controversial encounter with her old flame Edison Chen at an airport, and veteran Hong Kong deejay Eileen Cha claimed that all is not well in the Tse household, because Cheung had designs on Tse’s wealth. …
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Burma Rattled by a Day Of Bombs in Three Cities
Jakarta Globe
Associated Press With recent unsettling tales of maid abuse coming from countries such as Malaysia and Saudi Arabia, Indonesians looking abroad for jobs as domestic helpers could be forgiven for seeing Hong Kong as a … With recent unsettling tales of …
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Aston Villa: Alex McLeish is looking forward to pre-season tour
Birmingham Mail
by Mat Kendrick, Birmingham Mail ALEX McLeish is already relishing Villa’s pre-season programme after describing next month’s team-bonding trip to Hong Kong as the ideal chance to get to know his players. Villa jet off to the Far East on Saturday July …
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Onno Schreurs: ‘Hong Kong has a great dining community’
CNNGo.com
Diningcity.com’s Hong Kong Restaurant Week started online reservations on June 22 and all bookings for Fofo and Bo Innovations are already full. We asked the Onno Schreurs, managing director of Diningcity.com for Hong Kong and China, …
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HK Dollar Down Late On Mid-Year Demand For US Dollars
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar was lower against the US dollar Friday due to routine mid-year demand for the US currency by local banks. In late Asian trade, the US dollar was at HK$7.7899, up slightly from HK$7.7894 late Thursday. …
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Jianhua Concrete Pile aims to raise up to $600 mln in HK IPO – IFR
Reuters
HONG KONG, June 24 (Reuters) – Jianhua Concrete Pile Group, the world’s largest concrete pile producer, is seeking to raise $500-600 million in a Hong Kong initial public offering in September, IFR reported on Friday. Citic Securities International …
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Hong Kong exchange slams Foxconn for breaching listing rules
Total Telecom
By Yvonne Lee, Dow Jones Newswires Hong Kong’s stock exchange Thursday criticized handset maker Foxconn International Holdings Ltd. for failing to disclose in a timely manner a sharp drop in its first-half 2008 net profit, a rare public censure of the …
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William Morrison Seeks 100 Direct China Suppliers to Cut Costs
Bloomberg
The company opened its first China office in Hong Kong on June 22 to “source better products,” the Bradford, England- based retailer said in a statement on the Hong Kong government’s website. “The whole purpose of this office is to take out that layer …
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‘The Bachelorette’ spoilers: Ashley Hebert heads to Hong Kong – Bentley Returns
Examiner.com
Ashley is quickly informed that Bentley is Hong Kong, and she meets with the man for a few minutes and gains closure to the situation. Once this is done, she is out on a solo date with Lucas. The two will explore Hong Kong before having dinner on a …
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Puffed in Hong Kong, curried in India
Livemint
The original recipe, though—a classic French puff pastry filled with spicy chicken—actually originated in Hong Kong. It was given to me by a food writer friend called Susan Jung who is astonished that these “mock Indian” savouries, using curry powder …
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Frontier Asia markets luring buyout firms
Economic Times
HONG KONG: Private equity deals are likely to warm up in ‘frontier’ Asian markets such as Indonesia and Vietnam as firms worry about prices getting too high in the hot markets of China and India. Private equity investments in Asia accelerated in the …
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SFH on obstetric services and scarlet fever
7thSpace Interactive (press release)
All of the parties concerned have taken a positive response and agreed that there is a need to cap the number of non-local pregnant women giving birth in Hong Kong starting from 2012 in order to maintain the professional standards of our obstetric …
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Li & Fung acquires Thai furniture maker Exim Designs
Furniture Today
HONG KONG — Li & Fung Ltd., an international development and distribution company, has acquired Exim Designs, a northern Thailand-based furniture producer. The company announced Wednesday that it has acquired Exim, which produces ready-to-assemble and …
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Report: China plans aircraft carrier test in July
Las Vegas Sun
AP China is planning an initial sea trial of its first aircraft carrier next month, a Hong Kong newspaper said Tuesday, a move likely to further worry neighbors amid heightened tensions over territorial disputes. Some form of limited testing of the …
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Manchester United listing in Hong Kong makes ‘perfect sense’
Economy News
It makes sense for Manchester United to list on the Hong Kong Stock Exchange as opposed to the London Stock Exchange (LON:LSE) says Chris Searle, Corporate Finance Partner at BDO. The comments come following the successful listing of Prada in Hong Kong…
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Shanghai Bar District to Be Replicated Near Airport in Shui On Land Push
Bloomberg
“High-speed train stations will be a good development opportunity in future given so many successful cases in other cities” including Hong Kong, London and New York, Lee said in an interview in Singapore on June 22, declining to give more information …
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Eversheds signs up MoFo’s China TMT chief for Hong Kong base
Legal Week
Eversheds has boosted its Hong Kong office with the hire of Morrison & Foerster’s China technology, media and telecommunications (TMT) head Nigel Stamp. Stamp joined Eversheds this week as a partner and has been handed a brief to expand the firm’s TMT …
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Hong Kong firms discover benefits of social media
IDG News Service
At least that is how it is in Hong Kong where a new survey shows that more firms are tapping the social media to grow their business. It is not just social anymore; it’s now also commercial. Social media channels are now being used more and more for …
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Science News Corner introduces nanotechnology
7thSpace Interactive (press release)
Hong Kong (HKSAR) – With nanotechnology becoming an ever more popular concept and its application helping to improve our quality of life, its vast range of uses continues to arouse the imagination. Could it be possible, for instance, …
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ASIA TROPHY TOUR NEWS
Manchester United FC
Watch a free video as United’s commercial director Richard Arnold and first-team player Ji-sung Park launch the Champions Trophy Tour in Hong Kong. Park said, “I have been to Hong Kong three or four times. The last time was in 2005 with United. …
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Government announces new Chairman of the University Grants Committee
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Government today (June 24) announced that the Chief Executive had accepted the resignation of Mrs Laura Cha as Chairman of the University Grants Committee (UGC) and appointed Mr Edward Cheng Wai-sun as the new Chairman, …
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Capgemini Completes Its First Acquisition in China: Praxis Technology
Business Wire (press release)
With its China headquarters in Shanghai, Capgemini employs over 1800 professionals in China and has offices operating in several major cities including Beijing, Guangzhou, Shenzhen and Hong Kong. It also operates dedicated BPO centers in Guangzhou and …
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Investors begin to wonder if the great China crash is finally coming
Sydney Morning Herald
So why are markets quick to believe a little-known investor such as Carson Block, the head of the Hong Kong research firm Muddy Waters, when he questions China? Few short-sellers make lots of money betting against China, but the ranks of Carson and his …
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AirAsia, CapitaLand, HTC, Hynix, LG, Ping An: Asia Ex-Japan Stock Preview
Bloomberg
Beijing Enterprises Water Group Ltd. (371) (371 HK): The company plans to sell yuan-denominated bonds in Hong Kong as soon as this week, according to a person familiar with the matter. Beijing Enterprises, which develops water-treatment systems, …
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Marc Faber on Chinese Fraud and Gold
GuruFocus.com
Cheating Hong Kong Chinese investors is a less desirable option because it may result in the loss of your kneecaps. – The Hong Kong people are not as easy to trick as they are not totally stupid as in the states (his words not mine). …
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BNP Paribas outlines top-level debt reshuffle
Financial News
In his new role, Foch will relocate to London from Hong Kong, reporting to Frédéric Janbon, global head of fixed income. It is hoped that from his UK base, Foch will be able to replicate his success in Asia Pacific in other emerging markets such as …
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Study finds single photons cannot exceed the speed of light
PhysOrg.com
The physicists, led by Professor Shengwang Du from The Hong Kong University of Science and Technology in Hong Kong, China, have published their study on the ultimate speed of a single photon in a recent issue of Physical Review Letters. …
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Asian Shares Mostly Up; Airlines Up, Oil Stocks Weak
Wall Street Journal
Japan’s Nikkei Stock Average rose 0.6%, Australia’s S&P/ASX 200 was up 0.3%, South Korea’s Kospi Composite gained 1.2%, China’s Shanghai Composite Index rose 1.6%, Hong Kong’s Hang Seng Index climbed 1.4%, and India’s Sensex was 1.3% higher. …
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Donnie Yen: The Last Action Hero
Wall Street Journal (blog)
Back in the 1980s, when he started out, Hong Kong action movies were “like the wild west—guerrilla filmmakers, anything goes,” he says. “Those were the primitive days. Back then we didn’t really have the budget. Nowadays, safety comes first. …
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China Money Rate Falls for First in Eight Days
Bloomberg
Photographer: Nelson Ching/Bloomberg June 24 (Bloomberg) — Lewis Wan, chief investment officer at Pride Investments Group Ltd., talks about Prada SpA’s trading debut in Hong Kong. Lewis, who also discusses China’s economy and its impact on the …
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Baidu buys Qunar to boost travel search
Reuters
HONG KONG (Reuters) – Baidu Inc, China’s top search engine, is buying the country’s leading travel website Qunar to strengthen its foothold in the competitive Internet sector. Baidu, which is focusing more on e-commerce and online video, …
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Italy’s Intesa Sanpaolo Sells 4% Stake In Prada
RTT News
The sale was priced at HK$39.5 per share for a total amount of about 360 million euros and was made in the context of Prada’s initial public offering on the Hong Kong stock exchange. Prada raised 16.7 billion Hong Kong dollars (about $2.15 billion) …
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