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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