Hong Kong Daily News 2011.07.07

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

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

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

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

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