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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Hong Kong Daily News 2011.06.23

Prada Grapples With Hong Kong Slump as Majority of IPOs Drop in China Rout
Bloomberg
While Hong Kong has lured companies from Prada to Samsonite International SA seeking to tap the world’s fastest-growing major economy in China, their shares have retreated. Photographer: Timothy O’Rourke/Bloomberg June 22 (Bloomberg) — Manfred Abraham …
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HK Shares End Lower On Concerns Over Loans At China Banks
Wall Street Journal
HONG KONG (Dow Jones)–Hong Kong shares ended lower Thursday following losses on Wall Street overnight, led by China banks due to concerns a slowdown in economic growth and policy tightening on the mainland would increase the bad loans on their books. …
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Hong Kong to launch fixing for offshore yuan market
Reuters
HONG KONG, June 23 (Reuters) – The growing offshore yuan market will have a daily fixing price for yuan traded outside the mainland’s borders, the territory’s regulators said on Thursday. In a circular, the Treasury Markets Association, a professional …
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Hon Hai Unit Gets Hong Kong Censure
Wall Street Journal
By YVONNE LEE HONG KONG—Hong Kong’s stock exchange criticized a unit of Taiwan’s Hon Hai Precision Industry Co. for failing to disclose a sharp drop in first half 2008 profit in a timely manner. The move against Hong Kong-traded Foxconn International …
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Hong Kong confirms second scarlet fever death
AFP
HONG KONG — Hong Kong confirmed a five-year-old boy had died from scarlet fever, the second death in the southern Chinese city as dozens of new cases were reported. The number of infections in the territory has soared to nearly 500, …
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SAC, Ortus Lead Hedge Fund Expansion, Fuelling Hong Kong Office Demand
Bloomberg
By Kelvin Wong and Bei Hu – Thu Jun 23 01:31:13 GMT 2011 Hedge funds including SAC Capital Advisor LP and Ortus Capital Management Ltd. are expanding in Hong Kong, fueling demand for space and driving rents higher in the world’s most expensive office …
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AIRSHOW-Hong Kong Airlines behind A380 order-source
Reuters
PA) A380 superjumbos, described by the European planemaker as a deal with an unidentified customer, was placed by Hong Kong Airlines, an industry source said on Thursday. The aircraft are worth $3.8 billion at list prices. Hong Kong Airlines said last …
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Li & Fung Says Wal-Mart May Gain Amid Weakening U.S. Recovery
Bloomberg
Fung speaks in Hong Kong with Susan Li on Bloomberg Television’s “First Up.” (Source: Bloomberg) Li & Fung Ltd. (494), the world’s biggest supplier of clothes and toys to retailers, said Wal- Mart Stores Inc. may benefit from a flagging US economic …
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Global Sources’ Board Member Retires
MarketWatch (press release)
HONG KONG, June 23, 2011 /PRNewswire via COMTEX/ — Mr. Robert Lees has retired as a director of Global Sources Ltd. /quotes/zigman/82623/quotes/nls/gsol GSOL -2.96% at the company’s annual general meeting of shareholders held on June 22, 2011. …
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Analysis: Christmas gloom for China toymakers as orders shrivel
Reuters
Toys, which are made in China, are displayed inside a showroom in Hong Kong June 23, 2011. By Alison Leung and James Pomfret HONG KONG (Reuters) – China may be the world’s toy-making capital, but for Cheung Tak Ching the Christmas season is shaping up …
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Medivir Signs Agreement with Daewoong to Distribute Xerclear(R) in China and …
MarketWatch (press release)
Ltd. to exclusively distribute Medivir’s unique cold sore treatment Xerclear(R) in China and Hong Kong. Under the terms of the agreement, Daewoong will be responsible for conducting clinical studies for obtaining the regulatory approvals, …
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AIA Appoints John Harrison as an Independent Non-executive Director
Gamut News
He is currently an independent non-executive director of Hong Kong Exchanges and Clearing Limited, a non-executive director of BW Group and the president of the Hong Kong Cricket Club. Mr. Harrison began his career with KPMG in London in 1977 and was …
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Gems and jewellery exports register robust growth in May
The Hindu
PTI The Hindu “Exporters are receiving good number of orders for our products from markets like the UAE, the US and Hong Kong. We expect the exports to grow 10-15 per cent in the current fiscal as compared to the last fiscal,” GJEPC Chairman Rajiv Jain …
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CORRECT: Barclays Capital Names Di Iorio As Asia Pacific Equities Head
Wall Street Journal
The correct version follows:) By Nisha Gopalan HONG KONG (Dow Jones)– Barclays Capital said Thursday it has appointed Mike Di Iorio as Asia Pacific head of equities, as it seeks to beef up its global equities business. Di Iorio will be based in Hong …
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June Hong Kong Jewellery & Gem Fair Registered 25% Increase in Exhibitors
Gamut News
HONG KONG, June 23, 2011 /PRNewswire-Asia/ — June Hong Kong Jewellery & Gem Fair 2011 — one of Asia’s top three fine jewellery events — opens today. Organised by UBM Asia Ltd ( www.ubmasia.com ), the fair features around 1600 international …
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Rusal sees firm aluminium prices in 2012 even if LME stocks freed
Reuters
HONG KONG, June 23 (Reuters) – Rusal , the world’s leading aluminium producer, expects aluminium prices to rise to $2700 to $3000 per tonne in 2012, even if some LME stocks are freed from financing deals, a senior company executive said on Thursday. …
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HSBC Keeps HK Dollar Prime Lending Rate Unchanged At 5.00%
Wall Street Journal
HONG KONG (Dow Jones)–HSBC Holdings PLC (HBC) unit Hongkong & Shanghai Banking Corp. said Thursday it was leaving its prime lending rate in the city unchanged at 5.00%, a level unchanged since November 2008. The lender said it also left its savings …
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China’s $600 billion housing push faces roadblocks
Reuters
“Should the threat of a hard landing emerge, we would expect fiscal stimulus to come to the rescue, instead of monetary easing,” said Dong Tao, an economist at Credit Suisse in Hong Kong. “Providing funding to policy housing and speeding up …
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Hong Kong Current Account Surplus Rises In Q1
RTT News
(RTTNews) – Hong Kong’s current account surplus increased notably in the first quarter, data released by the Census and Statistics Department showed Thursday. The current account recorded a surplus balance of HK$ 40.64 billion in the first quarter, …
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Vice president urges HK political advisors to improve mainland-HK exchanges
Xinhua
BEIJING, June 23 (Xinhua) — Vice President Xi Jinping has called on the country’s Hong Kong-based political advisors to make greater efforts to promote exchanges and cooperation between the Chinese mainland and Hong Kong. Xi made the remarks during a …
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HSBC Appoints Simon Williams In New Post Of Head Of Group Wealth Management
Wall Street Journal
Hong Kong (Dow Jones)–HSBC Holdings PLC (0005.HK) said it has appointed Simon Williams as group head of wealth management based in Hong Kong, a newly created position that highlights the banking giant’s push to expand its wealth management business in …
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Hong Kong 0-2 Uzbekistan
The Official Home of Asian Football
Hong Kong: Uzbekistan became the second team after Australia to make it to the third round of 2012 London Olympics Asian qualifiers following a 2-0 victory over Hong Kong on Thursday. The Central Asians, who had an edge going into the match following …
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BlackBerry PlayBook to be Available in Hong Kong in Early July
Media Newswire (press release)
The BlackBerry PlayBook is scheduled to be released in early July through authorized carrier partners and retail channels in Hong Kong. Ideal for both businesses and individuals, the BlackBerry PlayBook features an ultra-portable design and delivers …
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Purton to appeal fine
BigPond Horse Racing
His brace of winners came on the same day Purton confirmed he would appeal the severity of a $HK300,000 (approximately $A36,000) fine by the Hong Kong Jockey Club. The former Australian rider, now based in Hong Kong, was fined by stewards on Tuesday …
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CLP May Invest in First Indian Solar Project by Next Year, Director Says
Bloomberg
By Natalie Obiko Pearson – Thu Jun 23 09:04:54 GMT 2011 CLP Holdings Ltd. (2), the biggest power supplier in Hong Kong and India’s largest owner of wind farms, may invest in its first solar project in India next year. The Hong Kong-based company has …
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Cathay chief rules out role for airport rivals
The Standard
Greater cooperation with airports in the mainland and Macau will not end Hong Kong’s air traffic congestion woes, Cathay Pacific chief executive John Slosar says. His comments come three weeks after the Airport Authority proposed a third runway at Hong …
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Hong Kong Seven: Goes With Chinese
Houston Press (blog)
While researching cocktails, I read a passing mention that diners in Hong Kong drank Cognac and 7 Up with their meals. With no other information, as to proportions or methods of serving, I simply turned to the basic rule from the King of Cocktails, …
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Why Activision Cancelled True Crime: Hong Kong
Cinema Blend
In February, Activision cancelled open-world action game True Crime: Hong Kong. In a new interview, Activision Publishing CEO Eric Hirshberg explained the reason for the decision. “The game had been delayed twice; the budget had been increased twice; …
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Japan smelters win copper TC/RCs double last yr-sources
Reuters Africa
By Yuko Inoue and Polly Yam TOKYO/HONG KONG, June 23 (Reuters) – Japanese smelters have agreed mid-term copper treatment and refining charges at more than double last year’s level, two sources said, as reduced buying of copper concentrates by China and …
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Hong Kong ”a nation deprived of shut-eye”
Silentnight Beds
Hong Kong is renowned for its bright lights and hustle and bustle, but it seems the city’s residents are depriving themselves of much needed rest. Despite the health problems that can arise from not getting enough shut-eye, 15.9 per cent of those …
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Giordano Says It’s Not in Discussions With Inditex for Buyout
San Francisco Chronicle
June 23 (Bloomberg) — Giordano International Ltd., a Hong Kong clothing chain with more than 1000 stores in China, said it hasn’t been in contact with Inditex SA after ET Net reported the Zara parent planned to buy the Chinese retailer. …
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Singapore Makes Space for Hong Kong Congestion
officebroker.com (blog)
A lack of new developments available to satisfy the growing demand for office space in the world’s most expensive commercial rental location, Hong Kong, could see some global businesses relocating their Asian headquarters. …
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Still ‘A Man’s World’ in China’s Communist Party
Bloomberg
Photographer: Nelson Ching/Bloomberg Li Rong, a post-graduate student at the Chinese University of Hong Kong. Photographer: Jerome Favre/Bloomberg Li Rong had checked all the boxes for entry into China’s governing class. A Communist Party member and …
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Morgan Wong
Time Out Hong Kong
In his latest exhibit at Videotage, Hong Kong-based video artist Morgan Wong continues his exploration into the notion of time and space. He talks to Fiona Ng. It’s been a nostalgic return to Videotage for Morgan Wong. Having had his first major …
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Hong Kong group to buy Rosewood Hotels
Royal Gazette
The luxury hotelier that manages Tucker’s Point is being bought for $229.5 million by a Hong Kong-based group. New World Hospitality has agreed to buy Rosewood Hotels & Resorts from Rosewood Corp and Maritz, Wolff & Co, in a deal expected to be …
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Gray Matter: How will F1 manage high demand?
Yahoo! Eurosport UK
The popularity of Red Bull’s run in Hong Kong and the creation of a taskforce to revive the French Grand Prix this week highlighted just how many nations are now chasing a place on the F1 calendar – but who’s on the waiting list and can they fit it? …
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Compass buys Hong Kong caterer
ShareCast
LONDON (SHARECAST) – Catering giant Compass Group has strengthened its existing food services business with the Education and Business & Industry sectors in Hong Kong with a bolt-on acquisition. The UK firm is acquiring Shing Hin Catering Group from …
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Zhang wraps up World War II-era epic ’13 Women’
The Associated Press
HONG KONG (AP) — He’s tackled rural drama, kung fu choreography and period epic over a 23-year career that has made him Chinese cinema’s top names. But Zhang Yimou says his recent production starring Christian Bale has been one of his toughest. …
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Cordi metal warrior eyes title in Hong Kong
Sun.Star
This time around, Lukines will gun for the title of 2011 Hong Kong body building championship slated June 26 at the Queen Elizabeth Stadium Arena organized by the Hong Kong China Bodybuilding and Fitness Association. Since 2009, Lukines has taken a …
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Trinity’s Ramzeen leads Sri Lanka Youth RUGBY team to Hong Kong
Daily Mirror
By M. Shamil Amit The Sri Lanka Youth rugby team which will participate in the forthcoming Junior Asiad Rugby tournament scheduled to be held from June 25 to July 3 in Hong Kong will be led by Trinity’s Murad Ramzeen with Royal’s Shehan Pathirana as …
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Atlanta Investment Company Opens Office in Hong Kong
GlobalAtlanta
This office will be headed by Hans Jiang, who has 15 years of experience and recently served as the Associate Director of Sales at Moody’s Analytics Hong Kong, which provides information on financial markets. eVestment opened its first office in Asia …
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Nine Dragons Paper redeems all outstanding notes due 2013
Reuters
HONG KONG, June 23 (Reuters) – Nine Dragons Paper (Holdings) Ltd said late on Wednesday it would redeem all outstanding $300 million 7.875 percent Senior Notes due 2013 on Aug. 16. The package paper products maker said it would redeem the outstanding …
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ADR Report-Chinese shares slide, weighed by large caps
Reuters
Overnight, Hong Kong shares ended little changed as a cash crunch in the Chinese financial system kept mainland bank stocks under pressure while a late rally in Shanghai allowed China shares to close marginally higher. Volume in Shanghai plunged to its …
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Paramount Printing puts Quality First with Highly Automated Goss M-600 press
What They Think
Paramount Printing of Hong Kong, a subsidiary of the Next Media Group, held a ceremony on May 24 to celebrate the start up of a new Goss M-600 16-page web offset press, which augments production from its current fleet of commercial web and sheetfed …
See all stories on this topic »DealExtreme Celebrates Golf Season
PR Newswire (press release)
HONG KONG, June 23, 2011 /PRNewswire-Asia/ — Is your golf bag outdated? Scrambling for a last-minute gift? DealExtreme has you covered. For some, finding the right gift for a golfer can be as challenging as getting a hole in one. So, to help shoppers, …
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Dacono man restores Guinness record in egg balancing
Longmont Daily Times-Call
The Dacono man stood 900 eggs on end at a Hong Kong mall; he’s also balanced a dozen eggs in one minute and 32 seconds. And yes, that’s reclaimed the records. He’s done this twice. It all started in 2003, when Spotts decided to test the limits of a …
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Seychelles continues to hone Chinese market
eTurboNews
In its continuous effort to further develop the Chinese market, the Seychelles Tourism Board, together with local partners, recently participated in the International Travel Expo 2011 (ITE) in Hong Kong. Present were Seychelles Tourism Board marketing …
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HK Dollar Down Late On Weak Shares As Fed’s Quantitative Easing Nears End
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar fell slightly against the US dollar Thursday in a quiet session, damped by weakness in local shares after the Federal Reserve signaled its asset-buying program will end this month as scheduled. …
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Hong Kong Daily News 2011.06.22

Hongguo to seek approval for Hong Kong IPO
MarketWatch
By Yvonne Lee (Adds company’s background in the 2nd, 3rd and 5th paragraphs, details on Hong Kong’s IPO market in the 7-10th paragraphs.) HONG KONG -(MarketWatch)- Chinese shoemaker and retailer Hongguo International Holdings Ltd., which delisted from …
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SITA Partners With Orange to Offer Worldwide Cloud Service
PCWorld
Three others, in Hong Kong, Johannesburg and Sydney, will open in the third quarter of next year, they said. SITA announced its plan to offer a cloud infrastructure for the air transport industry in April, and has already begun construction of the data …
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Hong Kong’s Li & Fung acquires 5 firms, to expand further
Reuters
By Donny Kwok HONG KONG, June 22 (Reuters) – Global sourcing company Li & Fung Ltd said on Wednesday that it will buy five sourcing and trading companies as it strives to boost growth in the face of weakening demand from its dominant US and European …
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HKEx sees yuan IPO applications in H2
Reuters
HONG KONG, June 22 (Reuters) – Hong Kong Exchanges & Clearing , the world’s most valuable exchange operator, expects companies to apply for yuan-denominated IPOs later this year as the offshore market grows rapidly. Companies looking to list will also …
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Gome Files Lawsuit Against Ex-Chairman
Wall Street Journal
By POLLY HUI HONG KONG—Chinese retailer Gome Electrical Appliances Holding Ltd. said on Tuesday that it has filed a lawsuit in a Beijing court against its former chairman, Chen Xiao, alleging that he gave “false and misleading” company information in …
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S’pore home prices could fall 6 pct when rates rise -Cheung Kong
Reuters
SINGAPORE, June 22 (Reuters) – Residential prices in Singapore may fall by up to six percent when interest rates begin rising, but the red hot housing markets in the city-state and in Hong Kong and China are unlikely to see a collapse, according to a …
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Weber Shandwick Named PR Agency of the Year in Hong Kong
PR Newswire (press release)
HONG KONG, June 22, 2011 /PRNewswire/ — Weber Shandwick in Hong Kong was named public relations agency of the year at this year’s annual Agency of the Year Awards, organized by key regional industry publication Marketing Magazine. …
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Hong Kong tycoon pays $2 mn bonus over baby joy
AFP
HONG KONG — One of Hong Kong’s richest property tycoons will hand out a bonus worth $2 million to his 1500 staff after his actress daughter-in-law gave birth to his sixth grandchild, his firm said Wednesday. Lee Shau-kee, chairman of the leading …
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Prada HK Debut May Mirror Samsonite
Bloomberg
Photographer: Chris Ratcliffe/Bloomberg June 16 (Bloomberg) — Tim Parker, chairman and chief executive officer of Samsonite International SA, the world’s largest branded-luggage maker, talks about the company’s initial public offering in Hong Kong and …
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Hong Kong shares close flat
Ninemsn
The benchmark Hang Seng Index added just 9.38 points to 21859.97 on turnover of HK$64.73 billion ($A7.88 billion) on Wednesday. Chinese shares closed up 0.11 per cent, led by a mild rebound in banks and cement makers in the afternoon, but sentiment …
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Hong Kong company to acquire Rosewood Hotels for $229.5M
Travel Weeekly
By Jerry Limone Hong Kong-based New World Hospitality has agreed to purchase luxury chain Rosewood Hotels & Resorts from Rosewood Corp. and Maritz, Wolff & Co. for $229.5 million. New World Hospitality manages New World hotels in China and Southeast …
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Cathay Pacific: To Launch Economy Class Overhaul As Early As 3rd Quarter
Wall Street Journal
HONG KONG (Dow Jones)–Cathay Pacific Airways Ltd. (0293.HK) said Wednesday it planned to offer new economy class seats on its aircraft in the third quarter at the earliest, in the Hong Kong-based carrier’s latest effort to compete with other top …
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Hong Kong looking for Grand Prix?
pitpass.com
In the wake of the latest Red Bull demonstration, Hong Kong could be looking to host a round of the world championship. Over 40000 fans lined the streets of Hong Kong at the weekend to watch Jaime Alguersuari put the Red Bull car through its paces. …
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Nine Dragons Plans Bond Redemption
Wall Street Journal
By FIONA LAW HONG KONG—Nine Dragons Paper Holdings Ltd. plans to redeem nearly $46 million in outstanding bonds a week after Standard & Poor’s withdrew its rating on the company, which led to sudden scrutiny of the paperboard maker and a swift defense …
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Companies eye Singapore as HK space is squeezed
Reuters
By Kevin Lim and Charmian Kok SINGAPORE (Reuters) – Singapore is benefiting from a shortage of office space in Hong Kong as multinational companies expanding in Asia turn increasingly to the Southeast Asian city-state for their regional bases, …
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Six things you need to know about hiring in Hong Kong
eFinancialCareers.hk
Banks are now more cautious, especially in an uncertain global economic climate, says Levina Poon, director, banking and financial services, Hudson Hong Kong. “They want to observe the market, rather than grow too rapidly. There’s also upgrading taking …
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Remains of hero OFW arrive home from Hong Kong
GMANews.TV
The remains of an overseas Filipino worker (OFW) who died on June 10 after saving her six-year-old ward in Hong Kong were brought home on Tuesday. Juanita Limbago’s remains arrived Tuesday afternoon at the Ninoy Aquino International Airport (NAIA) …
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Fitch flags credit-risk worry at China banks
MarketWatch
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — Chinese banks could soon be facing the hangover from a lending binge that’s left them overexposed to regional governments and property-related ventures, with many of these loans now looking …
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Boardroom Launches Share Registration Service in Hong Kong
Gamut News
SINGAPORE and HONG KONG, June 22, 2011 /PRNewswire-Asia/ — Singapore’s largest share registration service provider, Boardroom Limited, announced that it is launching its share registration service in Hong Kong today. Boardroom’s wholly-owned …
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The next boss of Hong Kong
Time Out Hong Kong
In one year’s time, on July 1, 2012, Hong Kong’s next Chief Executive will commence his or her first five-year term. This will follow an election for the post in March. It will be an election with a twist. Only 0.017 percent of the city’s population, …
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Hong Kong Regulator Can’t Have Tiger Asia Banned
FINalternatives
It’s official: Tiger Asia Management has won the first round in its battle against Hong Kong’s securities regulator, which accuses the hedge fund of insider trading. A Hong Kong civil court judge yesterday ruled that it lacks jurisdiction over …
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HK Dollar Tad Lower; Mid-Year Demand For US Dollar Weighs
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar slipped against the US dollar Wednesday, weighed by mid-year demand for the greenback amid relatively thin trading volume. In late Asian trade, the US dollar was at HK$7.7890, up from HK$7.7887 late Tuesday. …
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Giant sushi roll made in Hong Kong
9NEWS.com
HONG KONG – Chefs in Hong Kong prepared a 108-foot-long sushi roll as part of a promotion for Japanese food and to show that Japan’s food is safe after the tsunami and nuclear plant problems. The sushi roll was prepared by almost 100 people using a …
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Hong Kong Carrier Selects 747-8I
Aviation Week
By Guy Norris guy_norris@aviationweek.comHong Kong Airlines, which is controlled by China’s Hainan Airlines Group, is believed to be the mystery unidentified customer for 15 747-8I passenger models revealed at the Paris air show this week. …
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Talk of the Day — China to launch 1st aircraft carrier July 1?
Focus Taiwan News Channel
Two local newspapers cited the Hong Kong Commercial Daily as reporting Wednesday that China had tentatively decided to have its first aircraft carrier conduct a trial voyage on July 1. The report came amid escalating tensions in the South China Sea due …
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China aircraft carrier sets sea trials July 1
Inquirer.net
HONG KONG—China’s first aircraft carrier—a remodeled Soviet-era vessel—will go on sea trials next week, a Hong Kong newspaper reported. China’s top military official reportedly confirmed earlier this month that Beijing was building a huge aircraft …
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Iridium smuggler tries to pass it off as powder to polish gold
Mid-Day
In a major breakthrough, Customs officials at the Chhatrapati Shivaji International Airport have cracked down on an international Iridium smuggling racket, operating in a network that includes cities like Hong Kong and Bangkok. …
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New Zealand Wines Best Lafite
Wall Street Journal (blog)
By Jake Lee These wines — a selection of New Zealand wines and Bordeaux — faced off in a blind taste test recently in Hong Kong. Pitting the finest bottles from France against the best of the New World has been a popular and controversial thing to do …
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Calling all Hong Kong Black Cats!
Sunderland AFC
Are you a Sunderland fan based in Hong Kong? If so, why not enter Barclays’ exclusive Asia Trophy competition? Barclays have launched a Fan of Hong Kong competition to find the Premier League’s most passionate supporter in the region. …
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Cecilia Cheung: “I will not respond to untrue reports!”
Channel News Asia
But he recently had a five-day break from filming for his upcoming film and, according to his sister, spent most of his time playing video games in his hotel room, instead of returning to Hong Kong to see his beloved and their children. …
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AsiaRooms.com – Enjoy Lecture Series on Mahler’s Music in Hong Kong
EIN News (press release)
Hong Kong Space Museum will host six lectures on the composer Gustav Mahler in the coming months. HONG KONG, HK, June 22, 2011 /24-7PressRelease/ — The Lecture Series on Mahler’s Music at the Hong Kong Space Museum will give attendees a broad …
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Hong Kong food critic visits Seoul to help attract Chinese tourists
BusinessGhana
A renowned Hong Kong food critic is visiting South Korea this week to help the country better attract Chinese tourists and further promote local cuisine, the culture ministry here said Monday. release. Chua will visit South Korean restaurants, …
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Home » Singapore fencers put up strong showing at Hong Kong Ope…
Red Sports
Hong Kong, Sunday, June 19, 2011 — With less than four months to go to the 2011 SEA Games in Jakarta, Indonesia, Singapore fencers delivered a welcome boost to their preparations during the weekend of competition at the Hong Kong Fencing Open 2011. …
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LCQ9: Policy for driver training and Hong Kong School of Motoring
7thSpace Interactive (press release)
(b) and (c) The undertaking made by the Hong Kong School of Motoring (HKSM) as mentioned in the relevant question is a negotiation between HKSM and its driving instructors.TD was not involved in the relevant discussion at that time. …
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Vistra Announces Rebranding of Acceptor
PR Newswire (press release)
As part of the Offshore Incorporations group, Acceptor is a premier corporate services provider, with offices in Hong Kong, Singapore and Taiwan. Acceptor has a 30 year history in Asia having originally been owned by The Hong Kong and Shanghai Banking …
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In Asia Push, Holman Adds Partners Across Hong Kong, Sydney, Singapore
The American Lawyer
Ex-Simmons & Simmons corporate partner Jonathan Moult is joining the firm’s Hong Kong office in September, while shipping and transport partner David Coogans, formerly of Reed Smith Richards Butler in Hong Kong, is set to join Holman’s Sydney base in …
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Choi too young to be Hong Kong champion
Cyclingnews.com
Simon Chau, Wong Kam Po, Choi Ki Ho and and Paul Hin Leung after the Honk Kong RR. As the various National Championships around the world start to play out this week, Hong Kong has already crowned its Elite road race champion for the year – Yeung Ying …
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Former Hong Kong banker investigated in alleged investment scam
Monsters and Critics.com
Hong Kong – A former senior banker was under investigation after being accused of misleading Hong Kong investors with promises of up to 18-per-cent annual returns, a news report said Wednesday. Ramesh Sadhwani – a senior vice president with Citi …
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Hong Kong’s CSL happy to be a commodity
Total Telecom
“I embrace being a commodity,” Joseph O’Konek, CEO of Hong Kong mobile operator CSL told delegates at CommunicAsia on Wednesday. “Network connectivity has maybe been a commodity for 50 years,” O’Konek said, urging mobile operators to embrace that role …
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Hong Kong’s Exhibition Industry Grew in 2010
Meetings & Conventions
The Hong Kong Exhibition and Convention Industry Association released its annual survey this week, showing positive numbers. In 2010, more than 648000 visitors from outside of Hong Kong attended trade shows in the Chinese special administrative …
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DERIPASKA’S MAGIC RUG GETS PULLED BY THE KREMLIN AND RUSHYDRO — $5 BILLION …
Business Insider
Until then Rusal had exported aluminium to China through international traders and warehousers in Hong Kong. The Chinese method for saying no to Rusal at the time was to say nothing – and delay. The significance of China as a trade destination for …
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City Telecom Investor Engagement Global Schedule
TradersHuddle.com
City Telecom’s wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is the fastest growing broadband service provider in Hong Kong. HKBN offers a diversified portfolio of innovative products that service over 1110000 subscriptions for …
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China Resources says overseas deal possible, no interest in Foster’s
Reuters
HONG KONG, June 22 (Reuters) – China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said it does not rule out overseas acquisition opportunities but is not interested in bidding for Australia’s Foster’s Group …
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InterContinental Grand Stanford Hotel Upgrades to Broadband Guest Services …
TMC Net
By Shamila Janakiraman, TMCnet Contributor Hong Kong Broadband Network (HKBN), a wholly-owned subsidiary of City Telecom (HK) Limited, announced the InterContinental Grand Stanford Hong Kong has upgraded to its Fiber-based 1Gbps broadband service. …
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Poll database outfit Empowering India gets digital content gong at 2011 World …
DailyIndia.com
New Delhi/Hong Kong/Salzburg, June 22: Empowering India, a database of elections at the state and national level, has received the international digital content award at this year’s World Summit Award (WSA). Multi-channel and multi-device content for …
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LC Urgent Q2: Fire safety of buildings with sub-divided units
7thSpace Interactive (press release)
Furthermore, the situation of many old buildings throughout Hong Kong is similar to that of the building involved in this incident and in case a fire breaks out, the safety of residents’ lives and properties will be seriously threatened. …
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Hong Kong Daily News 2011.06.21

Scarlet fever hits Hong Kong, but will outbreak spread?
CBS News
(CBS) A scarlet fever outbreak in Hong Kong is causing government officials there to turn up the heat on finding a way to stop the disease’s spread. At least 400 cases of scarlet fever have been reported in Hong Kong this year, resulting in two deaths: …
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Hong Kong, China shares rebound but rise my be short-lived
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 21 (Reuters) – Hong Kong and China shares rebounded from oversold conditions on Tuesday as construction-related sectors soared on optimism over China’s social housing program, but persistent weakness …
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HK Dollar Up Late As Greek Debt Concerns Ease, Stocks Gain
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar rose against the US dollar Tuesday, recouping losses sustained a day earlier as stocks gained and concerns over the Greek debt crisis eased. In late Asian trade, the US dollar was at HK$7.7887, …
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HK Shares End Higher On Easing Debt Worries; Energy Firms Lead
Wall Street Journal
HONG KONG (Dow Jones)–Hong Kong shares ended higher Tuesday, tracking Wall Street’s overnight gains, as concerns over Greece’s debt eased, with energy producers leading the rise. The blue-chip Hang Seng Index rose 251.08 points, or 1.16%, …
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Body of OFW who saved child in Hong Kong arrives home
Inquirer.net
By Julie M. Aurelio MANILA, Philippines—The remains of an overseas Filipina worker who died recently while saving her six-year-old ward in Hong Kong were brought to Manila on Tuesday afternoon at the Ninoy Aquino International Airport. …
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HK regulator thwarted in attempt to ban Tiger Asia
Reuters
By Rachel Armstrong HONG KONG, June 21 (Reuters) – A Hong Kong court ruled it does not have the jurisdiction to determine whether New York-based hedge fund Tiger Asia engaged in insider dealing, thwarting the market regulator’s attempt to ban the fund …
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Hong Kong in Fashion, beware IPO tourism
stv.tv
HONG KONG, June 18 (IFR) – The success of Prada and Samsonite in raising funds in Hong Kong has attracted the attention of other firms in Europe and the US that assume Asian investors will buy anything — and even pay a premium. …
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BYD’s Chinese IPO started today, share prices may drop below opening
China Car Times
The company, which already has shares listed in Hong Kong, planned to sell up to 79 million yuan-denominated shares, or A-shares, in an initial public offering (IPO) on the Shenzhen bourse, according to a statement filed with the Shenzhen Stock …
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China’s new bond buying hints at shift to euro
MarketWatch
By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — China likely bought more European sovereign debt in the first four months of the year than it did US dollar assets, in what Standard Chartered said appears to be a concerted effort to diversify …
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First China aircraft carrier sea trial ‘next week’
Inquirer.net
HONG KONG—China’s first aircraft carrier—a remodelled Soviet-era vessel—will go on sea trials next week, a report said Tuesday, amid escalating tensions in the West Philippine Sea (South China Sea). China’s top military official reportedly confirmed …
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Has China Wiretapped 20000 Hong Kong Cars?
Singularity Hub
Careful what you say when driving between Hong Kong and China, the government may be listening. The Apple Daily, a Hong Kong news source, broke a story this week that “inspection and quarantine cards” installed in dual-license plate vehicles may be …
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Population growth spurs surge to Asia’s cities
Vancouver Sun
HONG KONG — Somewhere in the world — Asia would be a good bet — a pregnant woman is carrying a baby destined to be the planet’s seven billionth human being. The historic baby is due to be born on October 31, the United Nations Population Division …
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Rosewood Hotels & Resorts Selling to Hong Kong Company for $229.5 Million
D Magazine
By Christine Perez As Jeanne Prejean reports over at FrontBurner, Rosewood Hotels & Resorts has inked a deal to sell the management of The Rosewood Mansion on Turtle Creek and the rest of its properties to Hong Kong’s New World Hospitality. …
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At Hong Kong Hotel, the World’s Highest Bar
New York Times (blog)
By JOYCE HOR-CHUNG LAU Ritz-Carlton Hong KongThe Ritz-Carlton Hong Kong, which opened in March, says that its Ozone bar is the highest bar in the world. Hong Kong has taken the lead in the two-city race to build the world’s highest bar. …
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Asia still drawing IPOs
TODAYonline
Foreign retail companies are unlikely to be deterred by the poor showing of IPOs in Hong Kong, while property trusts would still have Singapore as a favourite for raising capital, they said. Mr Wong Sui Jau, general manager at fund distributor …
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Hong Kong’s GDP up 7.2%
Live Trading News
Hong Kong’s gross domestic product (GDP) went up 7.2% in real terms in Q-1 of Y 2011 from a year earlier, compared with the 6.4% increase in Q-4 of Y 2010, the city’s Census and Statistics Department announced Monday. According to the department, …
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Hong Kong’s Sinfonietta
BusinessWorld Online
The Hong Kong Sinfonietta schedule for 2011 and 2012 is most interesting. Below I shall mention their most interesting concerts. Unless otherwise specified, all concerts are conducted by Yip Wing-sie. July 8, 8 pm Sebastian Lang-Lessing conducts with …
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Fonterra’s Chinese bond issue gobbled up
TVNZ
The world’s biggest dairy exporter said its 300 million yuan sale of three-year bonds in Hong Kong was six times over-subscribed, helping drive down the coupon. Fonterra will pay annual interest of 1.1% on the June 2014 bonds, which it says is the …
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Hong Kong food critic helps attract Chinese tourists
JoongAng Daily
-Culture Ministry Chua Lam, a movie-producer-turned-food-critic from Hong Kong, travels around the world and tastes all sorts of dishes. But his favorite isn’t some gourmet food. “It’s home-cooked food, just like what my mother used to make,” Chua told …
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Pacnet CEO Says Interested in C&W Assets
CNBC.com
Hong Kong and Singapore based telecom company Pacnet says it “will be at the front of the queue” if Cable and Wireless Worldwide’s (C&W) international assets were up for sale. “It makes strategic sense for us… it is obviously an asset that will fit …
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FORMULA ONE NEWS
Sportinglife.com
Hong Kong has become the latest high-profile venue to express an interest in staging a Formula One grand prix. The city’s motorsport president, Wesley Wan, was left stunned when a crowd of 43000 lined the streets to watch a demonstration event on …
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Kazakhmys: To Start Trading On Hong Kong Stock Exchange Jun 29
Fox Business
LN) said Monday that the secondary listing of its shares in Hong Kong is due to start trading on June 29 at 0900 local time. Kazakhmys expects to publish its listing document on or around June 21. The document will be available on its website. …
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Travelzoo Asia Pacific launches local deals in Hong Kong
Breaking Travel News
Travelzoo Asia Pacific, a licensee of Travelzoo Inc, a global Internet media company, has announced the launch of Travelzoo Local Deals in Hong Kong. This follows the successful launch in Australia in April this year, which has already sold over 7000 …
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Hong Kong and member states of the European Free Trade Association sign Free …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – Hong Kong and the member states of the European Free Trade Association (EFTA), namely Iceland, Liechtenstein, Norway and Switzerland, signed a Free Trade Agreement (the Agreement) today (June 21) in Liechtenstein, …
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eVestment Establishes Second Asia-Pacific Location in Hong Kong
Business Wire (press release)
ATLANTA–(BUSINESS WIRE)–eVestment Alliance (eVestment), a global provider of institutional investment data intelligence and analytic solutions, announces the establishment of an office in Hong Kong, China. The office is headed by Hans Jiang who …
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Zim delegation in Hong Kong
NewsDay
A business delegation led by Industry and Commerce deputy minister Mike Bimha arrived in Hong Kong on Sunday for the Zimbabwe International Business & Capital Markets road shows to mobilise $6 billion of financing in forms of initial public offerings …
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Aspire Announces Strategic Investment and Marketing Collaboration
MarketWatch (press release)
In October of 2009, Eternite was listed on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange. It currently trades under the ticker 8351. For more information visit www.eternity-jewelry.com . Aspire International Inc. …
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DTZ fund bets on mature Asia cities, wary of emerging markets
Reuters
By Lee Chyen Yee HONG KONG (Reuters) – Real estate consultant DTZ Holdings Plc’s (DTZ.L) fund investment arm favors the commercial sector in mature cities in Asia, home to some of the world’s most expensive office space, because of strong economic …
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Italian brands energetic as Asia calls
AFP
International powerhouse Prada will begin trading in Hong Kong on Friday in a highly anticipated climax to their initial public offering, launched after a jump in profit last year thanks to a boom in sales in its main market in Asia. …
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Jockey Zac Purton has been hit with a huge fine by the Hong Kong Jockey Club
The Daily Telegraph
EXPATRIATE jockey Zac Purton was last night hit with a HK$300000 ($40000) fine by the Hong Kong Jockey Club for failing to report that he was approached for tips by a notorious punter. Despite being found guilty on a charge of not alerting stewards and …
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Singapore Stocks: CapitaLand, Golden Agri, Noble, Yangzijiang
Bloomberg
The company the Hong Kong stock exchange approved its proposed listing in the city’s bourse. Trading of Courage Marine shares in Hong Kong is expected to commence on June 24, it said. Singapore Exchange Ltd. (SGX) , the operator of the city’s bourse, …
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Sino Fibre Engages Audit Firm
MarketWatch (press release)
Chan graduated from Hong Kong Baptist College in 1979 majoring in Fine Arts and Music. He speaks Cantonese, Mandarin and English. The Company is currently in the process of finalizing its name change to Sino Bioenergy Corp. FINRA has confirmed that our …
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Martial arts school to open above Hong Kong City restaurant in Taunton
Taunton Daily Gazette
Taekwondo Master Jin Oh, left, and Philip Pan, owner of Hong Kong City on Broadway, are collaborating on a new dojang, or school, to be located in the same building as the Chinese restaurant. By Charles Winokoor Hong Kong City is about to get a little …
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Posh goods still bagging the big bucks
gulfnews.com
Italy’s Prada listed in Hong Kong on Friday, raising over $2 billion (Dh7.34 billion). Demand for the shares was apparently three times greater than what was on offer. Meanwhile Salvatore Ferragamo, Prada’s smaller Italian rival, announced that it …
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‘China’s Evian’ seeks stock list
BBC News
A mineral water company based in Tibet is seeking to raise up to HK$1.6bn ($205.3m) by listing in Hong Kong. Tibet 5100 Water Resources says it will use the money to increase production capacity as it seeks to take market share from foreign rivals. …
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Al Qaeda used Southeast Asia’s airports to test 9/11 mission
NDTV.com
PTI, Updated: June 21, 2011 16:45 IST Kuala Lumpur: Armed with just a box-cutter, Al Qaeda terrorists tested the security at several airports in Southeast Asia region – including those in Kuala Lumpur, Bangkok and Hong Kong – before the 9/11 attacks on …
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Soy Sauce Western Food: East meets West at Hong Kong-style cafes
Alhambra Source
Combining a little Western flavor with Chinese flavors was not at all foreign to my family since they are from Hong Kong, home to cafes that serve Hong Kong-style Western Food, or Canto-Western food, a culinary phenomenon often nicknamed “see yau sai …
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Slave Labour in Hong Kong?
The Diplomat
It’s the same reaction many have had after the Hong Kong government’s pay rise for domestic foreign workers was announced on May 31. The monthly wage rise, which is determined by the government, means foreign domestic workers will now receive HK$ 3740 …
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Suspected fatal case of scarlet fever under investigation
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Centre for Health Protection (CHP) of the Department of Health is investigating a suspected fatal case of scarlet fever involving a 5-year-old boy. The boy presented with fever from June 15. He was admitted to Princess Margaret …
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Aiming for high quality growth in Hong Kong
China Daily
By Ho Lok-Sang (HK Edition) Over the last quarter century, Hong Kong has allowed Singapore to overtake it, even though the two cities were growing neck-in-neck prior to 1987. In an earlier article I attributed the decline in growth largely to a …
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Gimblett Gravels Hong Kong Masterclass
Voxy
Leading media, trade and collectors from Hong Kong and mainland China packed into Club Lusitano, Hong Kong, late last week for an exclusive opportunity to taste eight 2009 vintage Gimblett Gravels blended red wines alongside eight 2008 vintage classed …
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Russian market eyes Hong Kong-Saipan package
Saipan Tribune
Opportunities to increase visitor arrivals from Russia are being negotiated with the recent visit of a Russian airline and travel agency looking to collaborate with Fly Guam in offering a Hong Kong-Saipan package. The general manager of Transaero …
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Fly direct from Hong Kong to Bali on Garuda Indonesia
Examiner.com
Today, Garuda Indonesia announced new daily non-stop service from Hong Kong to Bali, making the Southeast Asian paradise more accessible for many travelers. The daily flight, announced on June 20th, departs from Hong Kong at 3:45pm and arrives at …
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Produce exports witness significant growth: COA
Taipei Times
Chang said agriculture exports totaled US$3.9 billion last year, with Japan as the top destination (23 percent), followed by China (13.2 percent), Hong Kong (11 percent) and the US (10.1 percent). The top destinations remain roughly the same, …
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Intel Escapes to YouTube
ClickZ News
Hong Kong–Global chip maker Intel has rolled out two campaigns.”The Escape” and “Museum of Me” leverage YouTube and Facebook, and are designed to tap key Asian markets. Intel’s latest campaign for its second-generation core processors encourages …
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Triton’s “Green Earth Partners” Subsidiary Company Signs a Significant Gold …
MarketWatch (press release)
HK Asia Pacific International, Ltd is a subsidiary company of Universal Holdings Beijing, based in Hong Kong. The size and value of the contract could reach $40 Million in the fiscal year 2011/2012. This contract can establish Green Earth Partners as a …
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Speech by FS at HKEx 11th Anniversary Cocktail Reception(with photos/video)
7thSpace Interactive (press release)
It is my great pleasure to join you all in celebrating the 11th Anniversary of Hong Kong Exchanges and Clearing Limited. The fact that so many of you are here this evening means two things. First, it shows that word has got around that this is the best …
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Shun Feng Photovoltaic plans to list July 13
MarketWatch
By Yvonne Lee HONG KONG -(MarketWatch)- Shun Feng Photovoltaic International Ltd., which aims to raise up to US$200 million in a Hong Kong initial public offering, plans to list in the city on July 13, a person familiar with the situation said Tuesday. …
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Growing US-China Trade Highlights Cumbersome Export Controls
Forbes
HONG KONG — Selling something as innocuous brake pads can easily get a company into trouble if it’s found to be exporting them into China without a special license. The same rules apply for a host of different items, such as the ubiquitous SIM card, …
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Hong Kong Daily News 2011.06.20

Director: Mao’s Omega watch not product placement
CBS News
Hong Kong actor Chow Yun Fat and Hong Kong actress Wu Hang Yee attend the premiere of their new moive “Beginning of the Great Revival ” in Hong Kong Monday, June 20, 2011. (AP Photo/Vincent Yu) (Vincent Yu) (AP) HONG KONG (AP) — The propaganda film …
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Hong Kong shares drop on property, rising risk of a short squeeze
Reuters
By Vikram Subhedar HONG KONG, June 20 (Reuters) – Hong Kong shares fell to a nine-month low on Monday as the property sector slid on fears of more government tightening measures, pushing the benchmark deeper into oversold territory and raising the risk …
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Analysis: Banks face tougher fight against Hong Kong IPO
Reuters
By Rachel Armstrong SINGAPORE (Reuters) – The rash of accounting scandals at Chinese companies could spell defeat for investment banks in Hong Kong in their long-running battle to avoid being made liable for the prospectuses of IPOs they sponsor. …
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Luxury-Hotel Manager Rosewood to Be Bought by Hong Kong Hotelier
Bloomberg
The deal is expected to be completed on July 29, Hong Kong– based New World said in a statement today. The business will operate as the company’s “premium luxury brand.” Investors have been attracted to the lodging sector as hotel values climb, …
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Hong Kong banks sold customer data: watchdog
AFP
HONG KONG — Hong Kong’s privacy watchdog on Monday scolded four banks for releasing customers’ personal data to third parties, accusing three of them of selling the information. The four banks — Citibank, ICBC, Fubon Bank and Wing Hang Bank — had …
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KDDI America and TELEHOUSE Announce New Data Center in Hong Kong
MarketWatch (press release)
TELEHOUSE HONG KONG CCC, designed to meet TELEHOUSE’s standard for excellence and carrier neutrality, will be the 42nd data center in the global portfolio and the third new TELEHOUSE data center to open this year. KDDI Corporation will invest 50 …
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Buffett-backed Chinese auto, battery maker BYD raising $220 million in China …
Washington Post
By AP, HONG KONG — Chinese car and battery maker BYD Co. is raising 1.42 billion yuan ($220 million) in a share offering aimed at raising cash for a major expansion. BYD said in a notice to the Hong Kong Stock Exchange on Sunday that it will sell 79 …
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“Asia Edge” Launches on Bloomberg Television
Bloomberg
Hong Kong — Bloomberg Television today announced the launch of “Asia Edge,” a new hour-long program airing weekdays at 11am/HKT that features extended interviews with newsmakers and panel discussions with Bloomberg market reporters, business experts …
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5-Star Broadband Service for 5-Star InterContinental Grand Stanford Hong Kong
MarketWatch (press release)
Before the Internet upgrade, the hotel, like many top hotels in Hong Kong, had the modest Internet bandwidth of 25Mbps across the hotel. InterContinental Grand Stanford Hong Kong took the initiative to enlarge its bandwidth to 1Gbps since due to the …
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Green EnviroTech Holdings Corp. Announces Hong Kong Expansion Plans to Build …
MarketWatch (press release)
Magic Bright Ltd. is a leading Hong Kong-based plastics recycling and trading company with long term distribution contracts in mainland China, and its revenues over the past three years have been in excess of USD 28 million. …
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Alguersuari and Red Bull wow Hong Kong 20 Jun 2011
Formula 1
The weekend between Canada and Europe gave Red Bull’s showcar team the chance to head to Hong Kong and give the locals a thrilling taste of Formula One power, with Toro Rosso driver Jaime Alguersuari in the driving seat. More than 43000 spectators …
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Hong Kong’s Wah Nam to use Brockman stake to drive further iron ore consolidation
The Australian
HONG Kong’s 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 55.33 per cent stake in …
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C&W Worldwide considers retreat to UK
Financial Times
Pacnet, a telecoms company based in Hong Kong and Singapore, has made an informal offer of about $500m for C&W Worldwide’s overseas businesses, said people familiar with the situation. C&W Worldwide’s board is this week expected to consider Pacnet’s …
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Fonterra closes RMB bond offer after oversubscription
China Daily
WELLINGTON – New Zealand’s Fonterra, the world’s biggest dairy company, has raised 300 million yuan (42 million, 56 million NZ dollars) through an issue of renminbi (RMB) bonds in Hong Kong that was almost six times oversubscribed, …
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China’s Growing Military Muscle: A Looming Threat?
NPR
by Louisa Lim Stonecutters Island army base in Hong Kong opens to the public once a year as a goodwill gesture. Displays include kung fu demonstrations and shows of knife-fighting skills. At the Stonecutters Island army base in Hong Kong, …
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June 2011 issue of the Hong Kong Monthly Digest of Statistics is now available
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Census and Statistics Department (C&SD) published today (June 20) the June 2011 issue of the Hong Kong Monthly Digest of Statistics (HKMDS). In this issue, three feature articles entitled “Salient Features of Hong Kong’s Balance …
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Hong Kong hires conversion therapy expert as social welfare trainer
LGBTQ Nation
Hong Kong has hired prominent local psychiatrist Hong Kwai-wah, who specializes in “treating unwanted homosexuality,” as a trainer for its social welfare staff. Critics said the move could be the world’s first government-sponsored training session on …
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Quam Announces 2010/11 Annual Results
MarketWatch (press release)
Mr Bernard Pouliot, the Chairman of Quam, said, “It is excited to have an encouraging performance during the Year, which reflected the rebounding but still volatile in Hong Kong market. We turned around from a mid-year loss of HK$3.7 million given …
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Hong Kong is World’s Greatest Food City: Author Parker Bowles
Benzinga
Hong Kong’s reputation as a culinary capital is as solid as its ranking alongside financial giants such as London and New York, according to author Tom Parker Bowles. The food writer spoke with entrepreneur Sir David Tang in London prior to their …
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Fewer Growing Pains for Airports in East
New York Times
By JANE LEVERE NEW YORK — The Airport Authority Hong Kong began seeking public comment this month on a proposal to build a third runway for Hong Kong International Airport, which is now projected to reach its capacity limit before 2020, 15 to 20 years …
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Holman adds partners across Hong Kong, Singapore and Sydney in Asia push
Legal Week
Corporate partner Jonathan Moult is joining the firm’s Hong Kong office in September from the local arm of Simmons & Simmons, while shipping and transport partner David Coogans is set to join Holman’s Sydney base in July from Reed Smith Richards Butler …
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Hong Kong Airport May Passengers Up 5.6% On Year At 4.3 Million
Automated Trader
HONG KONG-(Dow Jones)- Passenger traffic at Hong Kong’s airport rose 5.6% in May from a year earlier because of continued recovery of air travel, the city’s airport operator said Monday, but cargo volume fell as demand softened during the month. …
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Thousands enjoy London Hong Kong Dragon Boat Festival 2011
7thSpace Interactive (press release)
Hong Kong (HKSAR) – Thousands of spectators enjoyed the London Hong Kong Dragon Boat Festival in London Docklands on June 19 (London time), which also helped to raise money for local Chinese charities. Londoners of all ages and nationalities enjoyed …
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ProPhotonix Appoints Luster LightTech
MarketWatch (press release)
Ltd (“Luster LightTech”) as its exclusive distributor of Machine Vision illumination products in China and Hong Kong. The agreement with Luster LightTech builds on the Company’s existing strong position within the Machine Vision marketplace in Europe …
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Korean Air Launches A380 Flights to Tokyo and Hong Kong; Bangkok Next
ASIATravelTips.com
Korean Air has launched its first-ever Airbus A380 commercial flights with services between Seoul Incheon and both Tokyo Narita and Hong Kong. Korean Air has ordered ten A380 aircraft with the first five to be delivered by the end of 2011 and the …
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The Sporting Life
New York Times
“It’s Americana — with golf as an excuse for being cheerful,” Miuccia Prada said backstage, just days before the company’s stock was to begin trading in Hong Kong. With the front rows peppered with men wearing the smash-hit Tropicana shirts — with …
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AsiaRooms.com – Enjoy Lecture Series on Mahler’s Music in Hong Kong
The Open Press (press release)
(OPENPRESS) June 20, 2011 — The Lecture Series on Mahler’s Music at the Hong Kong Space Museum will give attendees a broad knowledge of the famous composer’s life and work. Running from June 29th to August 3rd, the six weekly talks will look at the …
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Delicious, decadent and discounted: Hong Kong Restaurant Week
CNNGo.com
Hoi King Heen is one of the popular Chinese restaurants participating in the first Hong Kong Restaurant Week by Diningcity.com. Hong Kong Restaurant Week on July 11-17 will let foodies indulge at Hong Kong’s popular restaurants with special promotional …
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Commentary: A bailout bigger than TARP
MarketWatch
By Craig Stephen HONG KONG (MarketWatch) — One of the great puzzles of China’s economic growth in recent years is how its new wealth has sent prices of so many overseas assets soaring, yet its domestic stock markets remain lifeless. …
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Garuda Indonesia Launches Daily Direct Flights Between Hong Kong & Bali
eTravelBlackboard – Asia Edition
Daily direct flights between Hong Kong and Bali have been launched by Indonesia’s national flag carrier, Garuda Indonesia (GA) 每 complementing twice-daily flights to Jakarta. The scheduled Hong Kong-Denpasar service departs daily at 15:45 hrs from …
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China WindPower plans spinoff to expand solar business
Reuters Africa
HONG KONG, June 20 (Reuters) – China WindPower Group Ltd , the largest non-state-owned wind farm developer in mainland China, is planning to spin off its tower tube manufacturing business, allowing it to expand into solar-energy equipment manufacturing …
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topseos.hk Unveils the Best Link Building Firms in Hong Kong for June 2011
Press Media Wire
topseos.hk, an independent authority on search vendors has named the Best SEO Link Building Services in Hong Kong for the month of June 2011. All the link building firms recognized next to thousands of other SEO link building providers have gone …
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CHINA – HONG KONG Hong Kong Catholics call for the release of religious detainees
Spero News
A Mass will be held in Hong Kong on 29 June. It will be presided by Card Zen, followed by a protest rally to demand greater freedom for Catholics and the release of priests and bishops held in prison. Meanwhile, the … By Asia News Hong Kong – Nothing …
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Prada Men’s RTW Spring 2012
Women’s Wear Daily (press release)
About to tee off with its $2 billion-plus initial public offering in Hong Kong, Prada delivered a golf-themed men’s wear collection. Buff models stormed out in layered racer-back tanks, Perspex specs and injected-rubber platform brogues. …
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GSK launches inquiry after China bans Augmentin antibiotic
Telegraph.co.uk
Earlier this month, Taiwan and Hong Kong told GSK to recall Augmentin after it was found to contain DIPD. There has also been a wider crackdown by authorities in the region over the plasticiser, which is commonly found in the environment. …
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Hong Kong singer Karen Mok to marry her first love
What’s on Xiamen
Shocking everyone present at the 22nd Golden Melody Award on Jun 18, Karen announced that she will be marrying her first love while making her acceptance speech. The singer was crowned the Best Mandarin Female Singer at the awards. …
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Kennedys launches Hong Kong seat
The Lawyer
Kennedys has rolled out its first overseas secondment for trainee solicitors, offering the chance to work in its Hong Kong office. The law firm has introduced the three-month seat in a bid to broaden its current trainee secondment offering. …
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Is China picking euro debt over US Treasuries?
Financial Times (blog)
Standard Chartered’s Stephen Green and team have been looking at the rate of foreign exchange reserve accumulation compared the total buying of US Treasuries in London, Hong Kong and China. China – via the State Administration of Foreign Exchange …
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The real Macau
Sydney Morning Herald
The wetland they overlook was Macau’s first international airport, when Pan Am shuttled gold and passengers between Hong Kong and Macau for four years until 1941. And across the wetland, impossible to miss, the four gleaming towers of City of Dreams, …
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UBS China investment bank deputy head to join local firm
Reuters
HONG KONG, June 20 (Reuters) – UBS’s deputy head of investment banking in China, Joe Zhang, will leave the bank to join a Chinese micro-loan company to tap the growth potential in the sector, a source close to Zhang said on Monday. …
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China mobile subscriber total rises to 896.2 mln in May
Reuters
HONG KONG, June 20 (Reuters) – China Mobile , China’s largest mobile carrier, said its total mobile subscribers in May increased to 611.17 million, including 32 million 3G subscribers. China Unicom , the country’s No. 2 mobile carrier, said its total …
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INTERVIEW: HK’s Chan: China Could Issue Rules On Offshore Yuan Repatriation …
Wall Street Journal
By Aaron Back SAINT PETERSBURG (Dow Jones)–Chinese authorities are working on a systematic set of guidelines for the repatriation of yuan raised in Hong Kong’s offshore market, which could be issued within a few months, Hong Kong Financial Services …
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Hosa International Starts HK IPO Roadshow; To Raise Up To US$242M – Term Sheet
Wall Street Journal
HONG KONG (Dow Jones)–Hosa International Ltd. (2200.HK), a Chinese sportswear maker, is raising up to US$242 million from a Hong Kong initial public offering, according to a term sheet seen by Dow Jones Newswires on Monday. The company, which began …
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Sino Group of Hotels Selects MICROS OPERA Customer Information System
MarketWatch (press release)
Sino Land’s award-winning hotels, which includes The Fullerton Hotel Singapore and The Fullerton Bay Hotel Singapore and Sino Group of Hotels, comprise six hotels with 2579 rooms located across Hong Kong and Singapore. The mission-critical enterprise …
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HK Film Archive’s Morning Matinee series features Hong Kong Film Company’s …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Hong Kong Film Company, one of the most important Cantonese cinema outfits in the 1960s, produced a large number of martial arts films lavish with stylised action and eye-catching special effects. The Hong Kong Film Archive’s …
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Altai Technologies Introduces the World’s First Carrier Grade 802.11n Long …
PR Newswire (press release)
HONG KONG, June 20, 2011 /PRNewswire-Asia/ — Altai Technologies, a carrier-grade Super WiFi equipment supplier today introduced the world’s first 802.11n long range outdoor Super WiFi Base Station — Altai A8n Super WiFi Base Station. …
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CAZE announces Zero 8 – World’s Thinnest Clear Case for iPad 2
Appmodo
Hong Kong – CAZE, the leader in ultra thin case, announced a new additions to its family of iPad case, Zero 8 (0.8mm), the world’s thinnest clear iPad 2 case, measuring just 0.8 millimeters. The Zero 8 (0.8mm) iPad 2 is designed to compliment the Smart …
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China 1-Day Shibor Rises Most in 5 Months as Redemptions Drop
Bloomberg
Some 88 billion yuan ($13.6 billion) of central bank bills and repurchase agreements will mature this week, compared with 115 billion yuan the week before, said Wee-Khoon Chong, a fixed- income strategist at Societe Generale SA in Hong Kong. …
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African Markets – Factors to watch on June 20
Reuters
The euro dipped on Monday after euro zone finance ministers postponed a final decision on extending 12 billion euros in emergency loans to debt-stricken Greece, while short-covering helped to lift stocks in Japan and Hong Kong. …
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Hong Kong Daily News 2011.06.17

Samsonite shares tumble in Hong Kong debut
BusinessWeek
Samsonite shares fell as low as 12.96 Hong Kong dollars, or 10.6 percent, from their offer price of HK$14.50. They closed HK$1.12 or 8 percent lower at HK$13.38. The world’s biggest luggage maker is one of a number of foreign companies going public in …
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China Wealth Fuels ‘Frightening’ Hong Kong Home Price Surges, Tsang Says
Bloomberg
By Daniel Petrie and Kelvin Wong – Fri Jun 17 08:59:06 GMT 2011 June 17 (Bloomberg) — Donald Tsang, Hong Kong’s chief executive, talks about the city’s real estate market and economy. Tsang said Hong Kong home prices are “quite frightening” as growing …
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Prada Said to Raise $2.14 Billion, at Low End
Bloomberg
By Elisa Martinuzzi and Fox Hu – Fri Jun 17 08:54:54 GMT 2011 Prada is the second foreign issuer in a week, after Samsonite International SA, to scale back its Hong Kong fundraising plans. Photographer: Chris Ratcliffe/Bloomberg June 16 (Bloomberg) …
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Hong Kong government hires ‘gay conversion expert’
AFP
HONG KONG — Hong Kong has hired a prominent local psychiatrist who claims he can “re-wire” homosexuals as a trainer for its social welfare staff, sparking outrage among gay rights activists on Friday. Critics said the move could be the world’s first …
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Fonterra raises $45 mln via yuan debt, demand intact
Reuters
HONG KONG, June 17 (Reuters) – Fonterra Co-operative Group became the first Australasian company to raise funds in the growing offshore yuan market in a sign that demand for high grade issuers remained intact despite broader market volatility and the …
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PCCW Seeks Support for Business Trust Listing
Wall Street Journal
By JOANNE CHIU HONG KONG—PCCW Ltd. Chairman Richard Li on Friday moved to galvanize shareholder support for a plan to list the company’s telecom assets as a business trust by highlighting that dividend payments from a trust could be much higher than …
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Sullivan & Cromwell Expands Hong Kong Office With Hires From Freshfields
Bloomberg
By Douglas Wong – Thu Jun 16 22:40:40 GMT 2011 Sullivan & Cromwell LLP hired Ng Kay Ian and Gwen Wong from Freshfields Bruckhaus Deringer LLP, making it the seventh New York law firm to expand in the Chinese city of Hong Kong since late 2009. …
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Lionsgate Television International Expands in Hong Kong; Tim Stuart Exits …
MarketWatch (press release)
The company will seek to hire a Hong Kong-based senior distribution executive within the coming months. In the interim, Wendy Reeds, Vice President International & Home Entertainment Sales, will manage sales for Japan and South Korea. …
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Fine wine auctions: Hong Kong confirms its place at top of the podium
Financial Times
By Ella Lister Hong Kong has this year underlined its rapid rise to the top of the global heap in fine wine auctions by capturing more than half of global revenues for the first time. In the five months to the end of May, its wine auctions brought in …
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Cathay Pacific Carries 13% Less Cargo Tonnage In May
Wall Street Journal
HK) cargo tonnage fell 13% on year in May as demand softened, the Hong Kong-based carrier said Friday. The Hong Kong-listed carrier and its China-focused unit, Hong Kong Dragon Airlines Ltd., carried 138095 metric tons of cargo during the month. …
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China’s Power Shuffle Clouds Hong Kong’s Future
Forbes
HONG KONG — Beijing’s relationship with Hong Kong is a clash of political cultures. Since the handover in 1997, the opaque and authoritarian ways of the Chinese Politburo have often been at odds with the well-educated and internationally-oriented …
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Mainland demand drives HK’s retail boom
China Daily
By Thomas Chan (HK Edition) Hong Kong’s economy has been changing fast in recent years. Industrial hollowing out is now history, but even the producer services industry, which has grown with cross-border demand, is losing momentum. …
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Hong Kong OFW dies to save boy
ABS CBN News
MANILA, Philippines – An overseas Filipino worker (OFW) died in Hong Kong after saving the life of her 6-year-old ward, the Overseas Workers Welfare Administration (OWWA) said. Juanita Agustin Limbago and the boy under her care were knocked down by a …
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PCA gets Hong Kong licence for $750 mln hedge fund
Reuters
HONG KONG, June 17 (Reuters) – PCA Investments has won an asset management licence from Hong Kong’s market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the …
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Hong Kong ahoy!
Times of India
Hong Kong, once a crown colony of the UK, offers a lot for tourists to see and do. The dual culture of this country with its Cantonese and British influence makes it an unique experience. A trip to this place isn’t complete without dipping your feet in …
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“3D Sex and Zen” — no, it’s not Chinese porn
Reuters
Japanese TV actress Saori Hara poses during the making of ”3D Sex and Zen” at a studio in Hong Kong August 13, 2010. By Elizabeth Kerr HONG KONG (Hollywood Reporter) – To address the elephant in the bedroom, “3D Sex and Zen: Extreme Ecstasy” …
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Synovate again ranked as Hong Kong’s number one market research agency
WebWire (press release)
HONG KONG — Top four global custom market research firm Synovate has been ranked again as the number one market research company as part of Marketing Magazine’s Agency of the Year 2011 survey. This award is a prominent honour in Hong Kong and, …
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Dragon Boat Carnival held in Hong Kong
China Daily
HONG KONG – The second Dragon Boat Carnival kicked off in Hong Kong on Friday, featuring fierce international dragon boat race and jolly beer garden entertainment. The three-day event gathered 194 dragon boat teams, of which 32 were from Germany, …
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Cash handout to 6.1 million Hong Kong people could take 18 months
Monsters and Critics.com
Hong Kong – A planned 770-US-dollar cash handout for 6.1 million Hong Kong people sparked criticism Friday after the government admitted it might take 18 months to give out the money. Financial Secretary John Tsang promised the handout in March after …
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In the press
China Daily
A local newspaper carried an editorial on Wednesday tearing to pieces the first Hong Kong visit by Wang Guangya, director of the Hong Kong and Macao Affairs Office of the State Council. It accused him of “damaging Hong Kong’s high degree of autonomy by …
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BLP hires Linklaters lawyer for Hong Kong launch
The Lawyer
Berwin Leighton Paisner (BLP) is set to launch an office in Hong Kong with a counsel from Linklaters, as the firm eyes mainland China next. No date has yet been set for the launch, but managing partner Neville Eisenberg said the process of getting …
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Speech by USCED at 21st Annual Dinner of Hong Kong Exhibition and Convention …
7thSpace Interactive (press release)
It is my great pleasure to attend the 21st Annual Dinner of the Hong Kong Exhibition and Convention Industry Association at the AsiaWorld-Expo (AWE). Thanks to the steadfast efforts and professionalism of all members of HKECIA over the past two decades …
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Hongguo International seeks up to $300 mln in IPO
MarketWatch
By Prudence Ho HONG KONG -(MarketWatch)- Chinese shoemaker and retailer Hongguo International Holdings Ltd. plans to raise US$200 million to US$300 million in an initial public offering ahead of its listing in Hong Kong in the third quarter, …
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Roving exhibition showcases 25 years of the EPD serving Hong Kong
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Environmental Protection Department (EPD) will hold a roving exhibition at the Hong Kong Central Library starting tomorrow (June 18) as part of events marking the 25th anniversary of the EPD. The exhibition will showcase the …
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Bolton’s China fund suffers
Financial Times
By Robert Cookson in Hong Kong Anthony Bolton, the feted fund manager at Fidelity International, has suffered a stumble with the poor performance of his new flagship China fund this year. Mr Bolton’s China Special Situations fund raised £460m ($743m) …
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Export forecast raised Selling prices expected to offset surging costs: HKTDC
China Daily
By Joy Li (HK Edition) The Hong Kong Trade Development Council (HKTDC), the city’s merchandise trade promotion body, nudged up its forecast of the city’s total export sales growth this year to 12 percent from 8 percent, thanks to increased unit selling …
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Blackstone, Affinity eye bids for Australian meats firm – sources
Reuters
By Stephen Aldred HONG KONG, June 17 (Reuters) – Blackstone Group LP and Affinity Equity Partners are among private equity firms interested in buying a 50 percent stake in Australian meat products specialist Primo Smallgoods, sources with direct …
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Lenovo CEO Yang Increases Stake
Wall Street Journal
By OWEN FLETCHER BEIJING— Lenovo Group Ltd. Chief Executive Yang Yuanqing bought about 8% of the company’s outstanding shares for about 3.15 billion Hong Kong dollars ($404 million) from its biggest shareholder, Legend Holdings Ltd., Lenovo said …
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PetroChina shares jump on NDRC gas rise rumors
Reuters
HONG KONG (Reuters) – Oil major PetroChina (0857.HK) posted its biggest intraday percentage gain in eight months on Friday, surging more than 5 percent in Hong Kong on rumors that China may announce a natural gas price rise and a broker upgrade. …
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Mitsubishi Aircraft to sell small passenger jets to Hong Kong firm
Mainichi Daily News
TOKYO (Kyodo) — Mitsubishi Aircraft Corp. said Thursday it will sell to Hong Kong aircraft lease firm ANI Group Holdings Ltd. five Mitsubishi Regional Jet planes it is developing as the first small passenger jet built in Japan. …
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Retail’s hopes are in Hong Kong
FashionUnited India
Far away to the East, in Hong Kong Samsonite shares have tumbled on their debut at the Hong Hong stock exchange on investor concern about the strength of the global economic recovery. Its shares fell by as much as 10% in early morning trade to HK$12.96 …
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Gastronomic and shopping feast in Hong Kong
Inquirer.net
For moi and some pals, it was, without batting an eyelash, taking the one-hour-and-40-minute smooth flight of Philippine Airlines 747-777 to Hong Kong. A favorite of mine, this awesome city is where one can have a wide choice of excellent world-class …
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Keeping on the boil from Hong Kong to Isle of Man and back
Irish Times
A Hong Kong resident for 13 years, Hussey is from Sutton, but was raised partially in Brussels, before receiving his B.Sc from Trinity. He went to Tokyo in 1989 for five years, where he worked with NEC through the Fás scheme, before joining Long Term …
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Time tells
China Daily
By Liu Jun (China Daily) The writer Xiao Hong is receiving due recognition nearly 70 years after her tragic death. Liu Jun reports. When she passed away in a Hong Kong hospital in 1942, Xiao Hong, 31, seemed to be a failure as a writer. …
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Withered Old and Valuable Tree in Hong Kong Park removed
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Leisure and Cultural Services Department has removed a withered and irrecoverable Old and Valuable Tree (OVT) in Hong Kong Park today (June 17). The tree was listed as LCSD CW/113 on the Register of OVTs. …
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Hong Kong losing its lustre?
Channel News Asia
By Tan Weizhen, TODAY | Posted: 17 June 2011 0701 hrs SINGAPORE: More senior-level professionals in Hong Kong are eyeing Singapore as their preferred work destination, according to global recruitment agency Ambition. During the first five months of the …
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Comba Telecom in Defence Against Andrew Lawsuit
PR Newswire (press release)
Headquartered in Hong Kong, Comba’s global operations include manufacturing platforms in China, R&D centers in China and the USA, and over 40 offices worldwide. In September 2009, Comba was named “Asia’s 200 Best Under A Billion” by Forbes. …
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RICS Global RE Weekly: HKMA Further Tightens Lending Criteria to Cool “Red Hot …
Gamut News
HONG KONG, June 17, 2011 /PRNewswire-Asia/ — Expected in the coming week are the latest results from the Hong Kong Monetary Authority (HKMA) residential mortgage survey, providing an update on the mortgage market in the territory. …
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Hong Kong passes controversial tobacco tax
Asian Correspondent
By Elmer W. Cagape Jun 17, 2011 8:07AM UTC While smoking is prohibited in Hong Kong’s public parks, bus terminals and most government facilities, it is still possible to light a cigarette in some places (read: streets). …
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The dos and don’ts for food safety
China Daily
The mainland, therefore needs to reform its food safety system, and it can do so by taking a leaf out of Hong Kong’s book on food safety supervision. The mainland should streamline its food safety supervision mechanism and use its administrative …
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China plays long game on Congo copper
Asia Times Online
On June 8, 2011, Hong Kong’s Court of Final Appeal ruled on the case of FG Hemisphere vs the Democratic Republic of Congo, China Railway Group (Hong Kong) and a variety of other Hong Kong parties. FG Hemisphere LLC is a New York-registered investor in …
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Jia calls for more Chinese genre pix
Variety
Jia, who won the Golden Lion at the Venice film festival in 2006 with “Still Life,” added that filmmakers needed to learn more from Hollywood and Hong Kong movies. “The development of film genres in China is limited by censorship. …
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RIM Takes BlackBerry PlayBook to U.K., Hong Kong
Vision 2 Mobile
Research in Motion on Thursday announced plans to release its BlackBerry PlayBook tablet in Hong Kong next month. The company expects to introduce the device in early July through authorized carrier partners and retail channels. …
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Monocolumn: Quality Of Life Series – Hong Kong Airport’s Third Runway
PSFK
Hong Kong airport is reaching saturation point. On the doorstep of the world’s second largest economy and faced with increasing competition from rivals in both mainland China and nearby Singapore, Hong Kong is planning to build a third runway. …
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HONG KONG STOCKS: Investors appear to have little in
Automated Trader
HONG KONG STOCKS: Investors appear to have little confidence in the appointment of Evangelos Venizelos as Greece’s finance minister, with HSBC (5) dipping on the news, down 0.98% at HK$76.10. MNI is reporting the move as an attempt by Prime Minister …
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Sensory Heights
China Daily
By Andrea Deng (HK Edition) The shimmering W Hong Kong allures its guests not just with its massive “W” signage on the hotel exterior, but in its meticulous creation of a whole sensory experience. For W Hong Kong, it is all about brewing a sensory …
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HK Dollar Down Late Due To Europe Concerns, Weak Local Stocks
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar fell against the US dollar for a third consecutive session Friday due to the US currency’s strength offshore, as the euro weakened because of concerns about sovereign debt problems in the euro zone. …
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Senior Citizen Home Safety Association Hosts The 15th Anniversary Cocktail cum …
Gamut News (press release)
HONG KONG, June 17, 2011 /PRNewswire-Asia/ — To celebrate the 15th anniversary, Senior Citizen Home Safety Association (SCHSA) held The 15th Anniversary Cocktail cum The Opening Ceremony of the 1st Asia Pacific eCare and Telecare Congress at Cyberport …
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REFILE-UPDATE 1-Indonesia’s Bumitama to raise about $150 mln in S’pore IPO
Reuters
Two other sources said DBS will speak to some of its traders and potential investors later on Friday in Singapore, while HSBC has planned meetings in Hong Kong next week and London the week after. It was not immediately clear if BGA will list all its …
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Merkel’s Greek Bondholder Gambit Tested
Bloomberg
Konyn also discusses Hong Kong initial public offerings by US and European companies, Federal Reserve monetary policy, and the dollar. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) June 17 …
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