Hong Kong Daily News 2011.06.23

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

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

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

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

Samsonite shares tumble in Hong Kong debut
BusinessWeek
Samsonite shares fell as low as 12.96 Hong Kong dollars, or 10.6 percent, from their offer price of HK$14.50. They closed HK$1.12 or 8 percent lower at HK$13.38. The world’s biggest luggage maker is one of a number of foreign companies going public in …
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China Wealth Fuels ‘Frightening’ Hong Kong Home Price Surges, Tsang Says
Bloomberg
By Daniel Petrie and Kelvin Wong – Fri Jun 17 08:59:06 GMT 2011 June 17 (Bloomberg) — Donald Tsang, Hong Kong’s chief executive, talks about the city’s real estate market and economy. Tsang said Hong Kong home prices are “quite frightening” as growing …
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Prada Said to Raise $2.14 Billion, at Low End
Bloomberg
By Elisa Martinuzzi and Fox Hu – Fri Jun 17 08:54:54 GMT 2011 Prada is the second foreign issuer in a week, after Samsonite International SA, to scale back its Hong Kong fundraising plans. Photographer: Chris Ratcliffe/Bloomberg June 16 (Bloomberg) …
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Hong Kong government hires ‘gay conversion expert’
AFP
HONG KONG — Hong Kong has hired a prominent local psychiatrist who claims he can “re-wire” homosexuals as a trainer for its social welfare staff, sparking outrage among gay rights activists on Friday. Critics said the move could be the world’s first …
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Fonterra raises $45 mln via yuan debt, demand intact
Reuters
HONG KONG, June 17 (Reuters) – Fonterra Co-operative Group became the first Australasian company to raise funds in the growing offshore yuan market in a sign that demand for high grade issuers remained intact despite broader market volatility and the …
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PCCW Seeks Support for Business Trust Listing
Wall Street Journal
By JOANNE CHIU HONG KONG—PCCW Ltd. Chairman Richard Li on Friday moved to galvanize shareholder support for a plan to list the company’s telecom assets as a business trust by highlighting that dividend payments from a trust could be much higher than …
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Sullivan & Cromwell Expands Hong Kong Office With Hires From Freshfields
Bloomberg
By Douglas Wong – Thu Jun 16 22:40:40 GMT 2011 Sullivan & Cromwell LLP hired Ng Kay Ian and Gwen Wong from Freshfields Bruckhaus Deringer LLP, making it the seventh New York law firm to expand in the Chinese city of Hong Kong since late 2009. …
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Lionsgate Television International Expands in Hong Kong; Tim Stuart Exits …
MarketWatch (press release)
The company will seek to hire a Hong Kong-based senior distribution executive within the coming months. In the interim, Wendy Reeds, Vice President International & Home Entertainment Sales, will manage sales for Japan and South Korea. …
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Fine wine auctions: Hong Kong confirms its place at top of the podium
Financial Times
By Ella Lister Hong Kong has this year underlined its rapid rise to the top of the global heap in fine wine auctions by capturing more than half of global revenues for the first time. In the five months to the end of May, its wine auctions brought in …
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Cathay Pacific Carries 13% Less Cargo Tonnage In May
Wall Street Journal
HK) cargo tonnage fell 13% on year in May as demand softened, the Hong Kong-based carrier said Friday. The Hong Kong-listed carrier and its China-focused unit, Hong Kong Dragon Airlines Ltd., carried 138095 metric tons of cargo during the month. …
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China’s Power Shuffle Clouds Hong Kong’s Future
Forbes
HONG KONG — Beijing’s relationship with Hong Kong is a clash of political cultures. Since the handover in 1997, the opaque and authoritarian ways of the Chinese Politburo have often been at odds with the well-educated and internationally-oriented …
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Mainland demand drives HK’s retail boom
China Daily
By Thomas Chan (HK Edition) Hong Kong’s economy has been changing fast in recent years. Industrial hollowing out is now history, but even the producer services industry, which has grown with cross-border demand, is losing momentum. …
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Hong Kong OFW dies to save boy
ABS CBN News
MANILA, Philippines – An overseas Filipino worker (OFW) died in Hong Kong after saving the life of her 6-year-old ward, the Overseas Workers Welfare Administration (OWWA) said. Juanita Agustin Limbago and the boy under her care were knocked down by a …
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PCA gets Hong Kong licence for $750 mln hedge fund
Reuters
HONG KONG, June 17 (Reuters) – PCA Investments has won an asset management licence from Hong Kong’s market regulator, clearing it to launch its planned hedge fund aimed at raising more than $750 million. PCA, or Principia Capital Advisors, received the …
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Hong Kong ahoy!
Times of India
Hong Kong, once a crown colony of the UK, offers a lot for tourists to see and do. The dual culture of this country with its Cantonese and British influence makes it an unique experience. A trip to this place isn’t complete without dipping your feet in …
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“3D Sex and Zen” — no, it’s not Chinese porn
Reuters
Japanese TV actress Saori Hara poses during the making of ”3D Sex and Zen” at a studio in Hong Kong August 13, 2010. By Elizabeth Kerr HONG KONG (Hollywood Reporter) – To address the elephant in the bedroom, “3D Sex and Zen: Extreme Ecstasy” …
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Synovate again ranked as Hong Kong’s number one market research agency
WebWire (press release)
HONG KONG — Top four global custom market research firm Synovate has been ranked again as the number one market research company as part of Marketing Magazine’s Agency of the Year 2011 survey. This award is a prominent honour in Hong Kong and, …
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Dragon Boat Carnival held in Hong Kong
China Daily
HONG KONG – The second Dragon Boat Carnival kicked off in Hong Kong on Friday, featuring fierce international dragon boat race and jolly beer garden entertainment. The three-day event gathered 194 dragon boat teams, of which 32 were from Germany, …
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Cash handout to 6.1 million Hong Kong people could take 18 months
Monsters and Critics.com
Hong Kong – A planned 770-US-dollar cash handout for 6.1 million Hong Kong people sparked criticism Friday after the government admitted it might take 18 months to give out the money. Financial Secretary John Tsang promised the handout in March after …
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In the press
China Daily
A local newspaper carried an editorial on Wednesday tearing to pieces the first Hong Kong visit by Wang Guangya, director of the Hong Kong and Macao Affairs Office of the State Council. It accused him of “damaging Hong Kong’s high degree of autonomy by …
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BLP hires Linklaters lawyer for Hong Kong launch
The Lawyer
Berwin Leighton Paisner (BLP) is set to launch an office in Hong Kong with a counsel from Linklaters, as the firm eyes mainland China next. No date has yet been set for the launch, but managing partner Neville Eisenberg said the process of getting …
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Speech by USCED at 21st Annual Dinner of Hong Kong Exhibition and Convention …
7thSpace Interactive (press release)
It is my great pleasure to attend the 21st Annual Dinner of the Hong Kong Exhibition and Convention Industry Association at the AsiaWorld-Expo (AWE). Thanks to the steadfast efforts and professionalism of all members of HKECIA over the past two decades …
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Hongguo International seeks up to $300 mln in IPO
MarketWatch
By Prudence Ho HONG KONG -(MarketWatch)- Chinese shoemaker and retailer Hongguo International Holdings Ltd. plans to raise US$200 million to US$300 million in an initial public offering ahead of its listing in Hong Kong in the third quarter, …
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Roving exhibition showcases 25 years of the EPD serving Hong Kong
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Environmental Protection Department (EPD) will hold a roving exhibition at the Hong Kong Central Library starting tomorrow (June 18) as part of events marking the 25th anniversary of the EPD. The exhibition will showcase the …
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Bolton’s China fund suffers
Financial Times
By Robert Cookson in Hong Kong Anthony Bolton, the feted fund manager at Fidelity International, has suffered a stumble with the poor performance of his new flagship China fund this year. Mr Bolton’s China Special Situations fund raised £460m ($743m) …
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Export forecast raised Selling prices expected to offset surging costs: HKTDC
China Daily
By Joy Li (HK Edition) The Hong Kong Trade Development Council (HKTDC), the city’s merchandise trade promotion body, nudged up its forecast of the city’s total export sales growth this year to 12 percent from 8 percent, thanks to increased unit selling …
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Blackstone, Affinity eye bids for Australian meats firm – sources
Reuters
By Stephen Aldred HONG KONG, June 17 (Reuters) – Blackstone Group LP and Affinity Equity Partners are among private equity firms interested in buying a 50 percent stake in Australian meat products specialist Primo Smallgoods, sources with direct …
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Lenovo CEO Yang Increases Stake
Wall Street Journal
By OWEN FLETCHER BEIJING— Lenovo Group Ltd. Chief Executive Yang Yuanqing bought about 8% of the company’s outstanding shares for about 3.15 billion Hong Kong dollars ($404 million) from its biggest shareholder, Legend Holdings Ltd., Lenovo said …
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PetroChina shares jump on NDRC gas rise rumors
Reuters
HONG KONG (Reuters) – Oil major PetroChina (0857.HK) posted its biggest intraday percentage gain in eight months on Friday, surging more than 5 percent in Hong Kong on rumors that China may announce a natural gas price rise and a broker upgrade. …
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Mitsubishi Aircraft to sell small passenger jets to Hong Kong firm
Mainichi Daily News
TOKYO (Kyodo) — Mitsubishi Aircraft Corp. said Thursday it will sell to Hong Kong aircraft lease firm ANI Group Holdings Ltd. five Mitsubishi Regional Jet planes it is developing as the first small passenger jet built in Japan. …
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Retail’s hopes are in Hong Kong
FashionUnited India
Far away to the East, in Hong Kong Samsonite shares have tumbled on their debut at the Hong Hong stock exchange on investor concern about the strength of the global economic recovery. Its shares fell by as much as 10% in early morning trade to HK$12.96 …
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Gastronomic and shopping feast in Hong Kong
Inquirer.net
For moi and some pals, it was, without batting an eyelash, taking the one-hour-and-40-minute smooth flight of Philippine Airlines 747-777 to Hong Kong. A favorite of mine, this awesome city is where one can have a wide choice of excellent world-class …
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Keeping on the boil from Hong Kong to Isle of Man and back
Irish Times
A Hong Kong resident for 13 years, Hussey is from Sutton, but was raised partially in Brussels, before receiving his B.Sc from Trinity. He went to Tokyo in 1989 for five years, where he worked with NEC through the Fás scheme, before joining Long Term …
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Time tells
China Daily
By Liu Jun (China Daily) The writer Xiao Hong is receiving due recognition nearly 70 years after her tragic death. Liu Jun reports. When she passed away in a Hong Kong hospital in 1942, Xiao Hong, 31, seemed to be a failure as a writer. …
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Withered Old and Valuable Tree in Hong Kong Park removed
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Leisure and Cultural Services Department has removed a withered and irrecoverable Old and Valuable Tree (OVT) in Hong Kong Park today (June 17). The tree was listed as LCSD CW/113 on the Register of OVTs. …
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Hong Kong losing its lustre?
Channel News Asia
By Tan Weizhen, TODAY | Posted: 17 June 2011 0701 hrs SINGAPORE: More senior-level professionals in Hong Kong are eyeing Singapore as their preferred work destination, according to global recruitment agency Ambition. During the first five months of the …
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Comba Telecom in Defence Against Andrew Lawsuit
PR Newswire (press release)
Headquartered in Hong Kong, Comba’s global operations include manufacturing platforms in China, R&D centers in China and the USA, and over 40 offices worldwide. In September 2009, Comba was named “Asia’s 200 Best Under A Billion” by Forbes. …
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RICS Global RE Weekly: HKMA Further Tightens Lending Criteria to Cool “Red Hot …
Gamut News
HONG KONG, June 17, 2011 /PRNewswire-Asia/ — Expected in the coming week are the latest results from the Hong Kong Monetary Authority (HKMA) residential mortgage survey, providing an update on the mortgage market in the territory. …
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Hong Kong passes controversial tobacco tax
Asian Correspondent
By Elmer W. Cagape Jun 17, 2011 8:07AM UTC While smoking is prohibited in Hong Kong’s public parks, bus terminals and most government facilities, it is still possible to light a cigarette in some places (read: streets). …
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The dos and don’ts for food safety
China Daily
The mainland, therefore needs to reform its food safety system, and it can do so by taking a leaf out of Hong Kong’s book on food safety supervision. The mainland should streamline its food safety supervision mechanism and use its administrative …
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China plays long game on Congo copper
Asia Times Online
On June 8, 2011, Hong Kong’s Court of Final Appeal ruled on the case of FG Hemisphere vs the Democratic Republic of Congo, China Railway Group (Hong Kong) and a variety of other Hong Kong parties. FG Hemisphere LLC is a New York-registered investor in …
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Jia calls for more Chinese genre pix
Variety
Jia, who won the Golden Lion at the Venice film festival in 2006 with “Still Life,” added that filmmakers needed to learn more from Hollywood and Hong Kong movies. “The development of film genres in China is limited by censorship. …
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RIM Takes BlackBerry PlayBook to U.K., Hong Kong
Vision 2 Mobile
Research in Motion on Thursday announced plans to release its BlackBerry PlayBook tablet in Hong Kong next month. The company expects to introduce the device in early July through authorized carrier partners and retail channels. …
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Monocolumn: Quality Of Life Series – Hong Kong Airport’s Third Runway
PSFK
Hong Kong airport is reaching saturation point. On the doorstep of the world’s second largest economy and faced with increasing competition from rivals in both mainland China and nearby Singapore, Hong Kong is planning to build a third runway. …
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HONG KONG STOCKS: Investors appear to have little in
Automated Trader
HONG KONG STOCKS: Investors appear to have little confidence in the appointment of Evangelos Venizelos as Greece’s finance minister, with HSBC (5) dipping on the news, down 0.98% at HK$76.10. MNI is reporting the move as an attempt by Prime Minister …
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Sensory Heights
China Daily
By Andrea Deng (HK Edition) The shimmering W Hong Kong allures its guests not just with its massive “W” signage on the hotel exterior, but in its meticulous creation of a whole sensory experience. For W Hong Kong, it is all about brewing a sensory …
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HK Dollar Down Late Due To Europe Concerns, Weak Local Stocks
Wall Street Journal
HONG KONG (Dow Jones)–The Hong Kong dollar fell against the US dollar for a third consecutive session Friday due to the US currency’s strength offshore, as the euro weakened because of concerns about sovereign debt problems in the euro zone. …
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Senior Citizen Home Safety Association Hosts The 15th Anniversary Cocktail cum …
Gamut News (press release)
HONG KONG, June 17, 2011 /PRNewswire-Asia/ — To celebrate the 15th anniversary, Senior Citizen Home Safety Association (SCHSA) held The 15th Anniversary Cocktail cum The Opening Ceremony of the 1st Asia Pacific eCare and Telecare Congress at Cyberport …
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REFILE-UPDATE 1-Indonesia’s Bumitama to raise about $150 mln in S’pore IPO
Reuters
Two other sources said DBS will speak to some of its traders and potential investors later on Friday in Singapore, while HSBC has planned meetings in Hong Kong next week and London the week after. It was not immediately clear if BGA will list all its …
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Merkel’s Greek Bondholder Gambit Tested
Bloomberg
Konyn also discusses Hong Kong initial public offerings by US and European companies, Federal Reserve monetary policy, and the dollar. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg) June 17 …
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Hong Kong Daily News 2011.06.16

Prada HK IPO pricing weighed by global risk aversion
Reuters
Brochures for Prada’s global offering are shown during a news conference in Hong Kong June 12, 2011. By Elzio Barreto HONG KONG (Reuters) – Italian fashion house Prada SpA (1913.HK) pulled out all the stops during meetings with investors around the …
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Hong Kong Property: Rising Macro Risks
Business Insider
Also Sprach Analyst is a website on global finance and economics with a special focus on China and Hong Kong economy, finance, and real estate. The Hong Kong property market has been resilient so far despite the fact that the macro environment is …
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Asian Shares Slide; Hong Kong, Sydney Hit Multi-Month Lows
Wall Street Journal
By John Phillips and Puja Rajeev SINGAPORE (Dow Jones)–Asian stock markets fell Thursday, with Hong Kong and Sydney markets hitting multi-month lows after a sharp selloff on Wall Street Wednesday, as fears of contagion from a possible Greek default …
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Melco Crown Gains Control of Macau Project
Wall Street Journal
By KATE O’KEEFFE HONG KONG—Macau casino operator Melco Crown Entertainment Ltd. said Thursday it had signed a US$360 million deal for a controlling interest in a large-scale casino-resort development project in the Chinese territory, a move that could …
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PRESS DIGEST – Hong Kong – June 16
Reuters
HONG KONG, June 16 (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. — Information technology services provider Digital China Holdings …
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H.K. Regulator Discusses Nine Dragons With S&P
Bloomberg
By Bloomberg News – Thu Jun 16 05:13:43 GMT 2011 “We are in discussion with S&P to get a better understanding of the circumstances of the release,” Jonathan Li, a spokesman for the Hong Kong Securities and Futures Commission, said by phone today. …
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High-Profile Businesswoman Jailed For Fraud
Forbes
HONG KONG — The first chairwoman of Hong Kong’s General Chamber of Commerce will be spending the next three and half years in prison. Lily Chiang Lai-lei was sentenced on Wednesday for masterminding a fraud that involved 3.7 million Hong Kong dollars …
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Will Restaurant Week Work in Hong Kong?
Wall Street Journal (blog)
By Amy Ma Hong Kong’s restaurant scene is once again following in the footsteps of New York: About 30 restaurants are participating in Hong Kong Restaurant Week, a version of the popular New York City dining incentive that offers prix-fixe meals at …
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Intel Launches ‘The Escape’ – A YouTube First
PR Newswire (press release)
Developed for Intel by Tribal DDB and DDB Hong Kong it is designed to highlight the features of the 2nd Generation Intel Core processor family. HONG KONG and NEW YORK, June 16, 2011 /PRNewswire/ — Intel today launched “The Escape,” an immersive, …
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City property market overheating: S&P
China Daily
By Li Tao (HK Edition) Hong Kong’s property market is overheating, raising the possibility of a sharp correction in prices, Standard & Poor’s said in its latest property outlook. The city’s home prices have become unaffordable and the situation could …
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Hong Kong Mortgage Loan Transactions to Decline, Barclays Says
Bloomberg
By Vincent Jiang – Thu Jun 16 06:18:46 GMT 2011 Hong Kong mortgage loan transaction volume may slump 40 percent over the next two years as banks are required to set aside additional reserves and liquidity tightens, according to Barclays Capital. …
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Hong Kong’s Michelin-Starred Chefs Make Their US Debut at the Aspen Food …
Huffington Post (blog)
Some of Hong Kong’s greatest culinary talent will be on display this weekend at the 29th Annual Food & Wine Classic in Aspen, Colorado. The Hong Kong Tourism Bureau has brought the considerable talents of two restaurants that have achieved the rarified …
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BlackBerry PlayBook to be Available in Hong Kong in Early July
WebWire (press release)
Hong Kong – Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM) today announced plans to launch its much-anticipated BlackBerry® PlayBook™ tablet in Hong Kong. The BlackBerry PlayBook is scheduled to be released in early July through authorized carrier …
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* Banco do Brasil may expand in Colombia, Peru, Chile through acquisitions
Financial Times (blog)
Samsonite shares dropped more than 10 per cent on their first day of trading in Hong Kong, despite being priced at the bottom end of the indicative range, the FT reports. The debut by the US luggage maker represents a dismal performance that could hurt …
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Hong Kong Jobless Rate Steadies In Mar.-May Period
RTT News
(RTTNews) – Hong Kong’s unemployment for the March-May period remained unchanged, preliminary data from the Census and Statistics Department showed Thursday. The seasonally adjusted unemployment rate for the March-May period was 3.5 percent, …
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Hong Kong Company Signs MoU for 5 Mitsubishi Regional Jets
ASIATravelTips.com
[HD videos below] Mitsubishi Aircraft Corporation has signed a Memorandum of Understanding (MoU) with Hong Kong-based aircraft lease and maintenance company, ANI Group Holdings Ltd. for an order for 5 next-generation Mitsubishi Regional Jet – MRJ 90 …
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Beijing Jingneng seeks up to $630 million in IPO
MarketWatch
By Yvonne Lee HONG KONG -(MarketWatch)- Beijing Jingneng Clean Energy Co., a unit of the Beijing municipal government, plans to raise up to US$630 million in an initial public offering ahead of its listing in Hong Kong on July 8, a person familiar with …
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Prada faces choppy debut
Financial Times (blog)
On Friday Prada will set its final price for its IPO in Hong Kong, as it seeks raise up to $2.6bn. Already there have been some worrying signs. Retail investors have largely stayed away – put off by the prospect of paying capital gains tax in Italy on …
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PCCW’s UK Broadband planning 2012 LTE launch
Mobile Business Briefing
UK Broadband, a subsidiary of Hong Kong-based telecoms group PCCW, is preparing to launch an LTE network in the UK using spectrum it already holds, with the intention of offering services as early as next year. The company is planning to offer services …
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HK cosmetics distributor Sa Sa to step up network expansion
Reuters
HONG KONG, June 16 (Reuters) – China-focused cosmetic products distributor Sa Sa International Holdings Ltd posted strong growth in yearly earnings and said it would accelerate network expansion in Hong Kong and China. Consumption spending was expected …
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Hong Kong’s travelers say hotel beds are useful for more than just sleeping
The Independent
It appears that Hong Kong tourists like to do a lot more than sleep when it comes to finding uses for their hotel beds. A global study just released by the internet booking service Hotels.com has found that 45 percent of Hong Kong travelers polled …
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Spying Devices Found on Thousands of Hong Kong Cars
Discovery News
Chinese authorities have allegedly been spying on Hong King motorists after a device installed on throusands of vehicles was discovered to contain hardware suitable for eavesdropping. According to a report in Hong Kong newspaper Apple Daily, …
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Wang hints time to enact Article 23 is coming soon
The Standard
In what must be the strongest hint yet that legislating Article 23 may come sooner rather than later, Beijing’s top official on Hong Kong affairs said there will come a moment that is suitable for enacting the contentious security law. …
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Hong Kong fire leaves 4 dead, 19 injured
People’s Daily Online
Firefighters work at a fire site in Hung Hom, south China’s Hong Kong, June 15, 2011. Four were killed and 19 others injured in a building fire that broke out here around 3 am on Wednesday. (Xinhua/Lui Siu Wai) A fire that broke out Wednesday in Hong …
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Chinese dragon boats race through Royal Docks for Hong Kong festival
London24
Colourful flags and rhythmic drumming will herald competing crews for the 16th London Hong Kong Dragon Boat Festival. Organisers expect 10000 spectators to watch the races at the London Regatta Centre in Dockside Road, Custom House, organised by the …
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Telehouse Opens its 42nd Data Center in Hong Kong’s Business District
TMC Net
By Madhubanti Rudra As a part of its global expansion process, the leading provider of carrier-neutral data center services Telehouse America recently opened a new facility in Hong Kong-the 42nd data center in the Telehouse global portfolio, …
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Samsonite shares to debut in Hong Kong
AFP
HONG KONG — Luggage maker Samsonite will make its Hong Kong trading debut Thursday in a $1.25 billion flotation, as the firm looks to boost its presence in fast-growing Asian markets, particularly China and India. The US firm sold 671 million shares …
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Hong Kong Adult Permanent Residents Will Get HK$6000 Cash Gift As Early As …
NASDAQ
Hong Kong-(Dow Jones)- Hong Kong adult permanent residents will receive a HK$ 6000(US$700) cash payment from the government as early as November, the government said in a document submitted to the legislative council Thursday. …
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topseos.hk Unveils the Best Link Building Firms in Hong Kong for June 2011
Online PR News (press release)
The Top 5 Link Building Companies in Hong Kong for June 2011 has been ranked by topseos.hk, the independent authority on search vendors. Online PR News – 16-June-2011 –topseos.hk, an independent authority on search vendors has named the Best SEO Link …
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HKTDC: Hong Kong Exports to Expand Faster than Expected in 2011
ACN Newswire (press release)
Hong Kong, June 16, 2011 – (ACN Newswire) – Thanks to the electronics sector’s stellar performance so far this year, along with an expected surge in export prices throughout the year, the Hong Kong Trade Development Council (HKTDC) has raised its …
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Playground for film makers
Malay Mail
You might have heard about Hong Kong director Dante Lam’s The Viral Factor (previously titled Against War), which is currently being shot here. Then there’s Bjarne Wong’s first 3D horror/thriller The Hunter about a group of film crew from China, …
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Edison Chen loses cool at airport
Channel News Asia
However, he was anything but cool when he found a swarm of reporters waiting for him at the airport in Hong Kong, reported Hong Kong media. Chen was accosted by reporters at the airport, when he returned to Hong Kong on Sunday from a trip to Shanghai. …
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Country Awards 2011: Hong Kong
FinanceAsia
We are pleased to announce the winners of our annual Country Awards for Achievement for Hong Kong. By FinanceAsia Editors | 16 June 2011 Our annual look at the best financial services firms in each country around the region has produced the following …
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Hony Capital eyes US and European firms
Reuters
By Stephen Aldred and Lee Chyen Yee HONG KONG (Reuters) – Chinese private equity fund Hony Capital, sponsored by Legend Holdings CNASCA.UL, is looking to take leading US and European technology companies into China to increase their value. …
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Changing menus: Chop suey, phooey
The Economist
A HONG KONG chef can do some nifty things with tripe—not all of which appeal to British palates. Faint-hearts are duly warned by the tripe bubbling away in HK Diner, an unusually authentic café in London’s Chinatown, with a following that includes …
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LRC releases consultation paper on charities
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Charities sub-committee of the Law Reform Commission (LRC) released a consultation paper today (June 16) proposing that a wide-ranging regulatory regime for charities should be introduced in Hong Kong and that a charity …
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Hong Kong chief executive leaves for Australia
People’s Daily Online
The chief executive of the Hong Kong Special Administrative Region Donald Tsang will fly to Australia on Wednesday night for a weeklong visit to promote trade opportunities and encourage more Australian companies to list in Hong Kong, the regional …
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Shenzhen’s subway Line 4 goes into operation, connects Shenzhen with HK
Xinhua
SHENZHEN, June 16 (Xinhua) — The southern Chinese city of Shenzhen’s Line 4 subway went into operation Thursday afternoon, seamlessly connecting Shenzhen and Hong Kong for the first time. The 20.5-km subway line starts at Qinghu Station in north …
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Macau, HK expand ban on Taiwan food imports
Macau Daily Times
Hong Kong’s Centre for Food Safety (CFS) has banned the import of a sports drink from Taiwan and halted the sale of certain kinds of cookies, instant noodle and other drinks, a step that has also been taken by Macau’s Food Safety Coordination Group. …
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Seeking NPC interpretation both necessary and wise
China Daily
Not intending to guess whether the NPCSC would give simple “yes” or more elaborate answers to the questions, I feel obliged to stress the decision made by the majority of the CFA serves to protect Hong Kong’s status as a financial center. …

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Most HK people expect better off retired life than parents: survey
Xinhua
HONG KONG, June 16 (Xinhua) — About 54 percent of respondents from Hong Kong thought they would be better off than their parents when they retired, higher than the global average of 45 percent, according to an HSBC survey released on Thursday. …
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Hong Kong stocks down sharply; Samsonite dives
MarketWatch
By Michael Kitchen “Maybe folks should start investing in art more. These pieces sell for millions of dollars in China http://bit.ly/jp7j6l” “40 years ago, it was illegal to own a piece of art in China. Now, it’s the second-largest art market in the …
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Easyfresh appoints King Freight for China, Taiwan and Hong Kong
FreshPlaza
King Freight International Corp. is an integrated service provider with a unique cover and office structure in China, Taiwan and Hong Kong. On the other hand, Easyfresh growing customer base demands a strong presence in said territories, being China an …
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Yuan to facilitate business with other economies
China Daily
MOSCOW — Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan on Wednesday said here that the use of Chinese currency Renminbi will facilitate the business between China and emerging market economies. Chan made the remarks in a …
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Adventures in Hong Kong
StyleBistro
I’m in Hong Kong! Hoorah! I’m here with three other girls from UCLan to take part in the semi finals of the Poly U Global Challenge, unfortunately we didn’t get through to the final but never mind, now we have a couple of extra days to explore Hong …
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Climbing the World’s Seven Summits
Wall Street Journal (blog)
By Christopher Shay On her first mountaineering experience, Anita Jensen, commercial director for Skagen Designs in Hong Kong, got lost, threw up from exhaustion and lost nearly six kilograms over seven days. “We were so naïve. …
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Hong Kong Aero Engine Services Adds Component Repair Center
Aviation Week
By Kristin Majcher Hong Kong Aero Engine Services Ltd. (HAESL) has expanded its engine overhaul facility with a new 13500-sq.-meter, $50 million component repair center. HAESL’s repair facility is located in Tseung Kwan O Industrial Estate, …
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World fears years of slow growth: Stephen Roach, Morgan Stanley
Economic Times
HONG KONG: The world faces years of “growth scares” as a weak recovery grinds on with little to cushion against periodic shocks, Morgan Stanley’s Stephen Roach said. “We had a growth scare last year about this time, we’re having another growth scare …
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Sinobiomed (d/b/a Sitoa Global) Announces Strategic Partnership With Solana HK …
Benzinga
Solana, found at www.solana.hk, is based in Hong Kong and offers a full line of communications services, including colocation and network facilities, strategic consulting solutions and value-added voice and data solutions for international carriers and …
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Hong Kong Daily News 2011.06.15

Samsonite’s Hong Kong Trading Debut Comes Before Prada, China Everbright
Bloomberg
By Robert Fenner and Ashley Lutz – Wed Jun 15 16:00:01 GMT 2011 Samsonite International SA, after raising $1.25 billion in an initial public offering, debuts in Hong Kong trading today before stock sales by such companies as Prada SpA this month and …
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Tax issues cloud Prada’s Hong Kong IPO
Financial Times
By Enid Tsui and Robert Cookson in Hong Kong Prada is having trouble attracting retail investors to its planned US$2.6bn initial public offering in Hong Kong, with some potential buyers put off by having to pay Italian capital gains tax and dividend …
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S&P lowers outlook for China property
Reuters
By Lee Chyen Yee HONG KONG, June 15 (Reuters) – Standard & Poor’s ratings agency lowered its outlook on China’s red-hot property market to negative from stable, citing increasingly challenging credit conditions due to regulatory tightening and leverage …
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Nine Dragons Hits Back at Ratings Firm
New York Times
By REUTERS HONG KONG — Nine Dragons Paper Holdings struck back at Standard & Poor’s on Wednesday, saying the ratings agency’s statements about its hunger for debt and lack of communication were unfounded. The comments from Nine Dragons, …
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Judge Delays Hontex Refund Decision, Considers Hong Kong Watchdog’s Reach
Bloomberg
By Debra Mao – Wed Jun 15 05:58:01 GMT 2011 A Hong Kong judge delayed hearing the Securities and Futures Commission’s application to refund investors in Hontex International Holdings Co., citing a related case where he is considering the regulator’s …
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Top Hong Kong businesswoman jailed for fraud
AFP
HONG KONG — A Hong Kong court jailed one of the city’s highest profile businesswomen for three and a half years on Wednesday after she engineered a HK$3.7 million ($475000) stock scam, a court official said. Lily Chiang, 50, the former head of Hong …
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Sino-Forest controversy halts Hong Kong’s yuan bond
Reuters Canada
By Saikat Chatterjee and Nethelie Wong HONG KONG (Reuters) – New issuance in the growing offshore yuan bond market has come to a screeching halt this week after fraud allegations against Chinese forestry company Sino-Forest made investors think twice …
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Pressures of living in the City
BBC News
Only 1% of Hong Kong residents are currently receiving mental health treatment but the need is thought to be far higher. In 1997 Hong Kong transferred from a British colony to a region with special status under Chinese rule. …
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Hong Kong’s lackluster Chief Exec Crop
Asia Sentinel (blog)
A recent visit by Wang Guangya, the head of Beijing’s Hong Kong and Macau Affairs Office, has focused attention on the crucial issue of who will be chosen the territory’s chief executive when Sir Donald Tsang’s term ends next year. …
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Hong Kong’s Ocean Park Unveils Latest Attraction
Wall Street Journal (blog)
Hong Kong theme parks are locked in a race to build attractions as they compete for visitors. The latest splash: A 500-square-meter Amazon exhibit, unveiled by Ocean Park on Tuesday, that features a jungle raft ride, an aviary and live animals, …
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Man Wah sales soar 29.9% in fiscal year
Furniture Today
HONG KONG — Man Wah Holdings, producers of the Cheers motion sofa line, reported a 29.9% surge in sales in the fiscal year ended March 31 and maintained its profit in the face of rising costs. Worldwide revenue for the year was 3.8 billion Hong Kong…
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Away from the frenzy of central Hong Kong
Montreal Gazette
Lush, green hills and tranquil beaches with gorgeous views of the sea may not be the first images to spring to mind when thinking about Hong Kong. But this well-known mecca for endless shopping, glitzy nightlife and towering skyscrapers that seem to …
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Europe, Asia Rise
Wall Street Journal
By BARBARA KOLLMEYER And SARAH TURNER A report suggesting that China’s economy may avoid a hard landing buoyed European and most Asian markets, although an announcement of higher bank-reserve requirements by Beijing hit Hong Kong-listed financial …
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Business Daily – The power of Asian property
BBC News
We report on how soaring property prices are affecting people in Hong Kong and journey inside the most powerful political machine on the planet – the Chinese Communist Party. China’s breakneck economic growth is the clearest example of the growing …
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Japan, Australian Futures Gain on Better-Than-Forecast U.S. Retail Sales
Bloomberg
By Norie Kuboyama and Satoshi Kawano – Tue Jun 14 23:23:41 GMT 2011 June 13 (Bloomberg) — Arnout Van Rijn, chief investment officer for Asia at Robeco Hong Kong Ltd., talks about the region’s stocks. Van Rijn also discusses China’s economy and initial …
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China’s quiet giant Huawei leads emerging group of Chinese technology competitors
Washington Post
… In this photo taken Friday, June 10, 2011, a technician examines a mobilephone inside the anechoic room for the Radio Spurious Emission test system at the Huawei Technologies Co. headquarters in Shenzhen, southern Chinese city bordering Hong Kong. …
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Money’s getting tighter in China, Hong Kong
Christian Science Monitor (blog)
In China and Hong Kong, financial stress is building, writes guest blogger Stefan Karlsson. By Stefan Karlsson, Guest blogger / June 15, 2011 All the interest rate and reserve requirement increases in China seems to finally be having an effect as money …
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Getting Creative at Hong Kong Workshops
New York Times (blog)
By CHRISTINE CHOW Hong Kong’s creative community is small but growing, and it’s easier to participate in than ever. As its name implies, Random Art Workshop (33 Lockhart Road, #25-01 Fook Lee Commercial Centre, Wanchai; www.randomartworkshop.com), …
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Third Avenue On The Future Of Hong Kong’s Real Estate Sector
Business Insider
Third Avenue Value (TAVFX) and Third Avenue Real Estate Value (TAREX) both maintain large commitments to a handful of Hong Kong real estate companies. The management teams on both funds discuss them regularly in their quarterly shareholder letters, …
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Mud triggers security alert at Logan International Airport
Boston Herald
By AP State police say nitrates detected in a piece of checked luggage at Boston’s Logan International Airport were traced to a sample of mud brought back from a river in Hong Kong. Two gates at the American Airlines [AMR] terminal were closed as a …
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Hong Kong’s Polished Diamond Imports Rise 35% in 1Q
Diamonds.net
Hong Kong’s polished diamond imports rose 35 percent to $3.96 billion in the first quarter of 2011, according to the Diamond Federation of Hong Kong, China Limited. By volume, the imports increased 12 percent to 7.37 million carats as the average price …
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NetDragon Websoft Inc. Announces First Quarter 2011 Unaudited Financial Results
PR Newswire (press release)
Additionally, a management conference call and live webcast is scheduled at 8:00 PM Hong Kong time, June 15, 2011 to review financial results and recent business developments. Mr. Liu Dejian, Chairman and Executive Director of NetDragon, stated, …
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Hong Kong bans sports drink from Taiwan
Drinks Business Review
Hong Kong has decided to ban the imports and supply of Taiwanese product, DrinkaZine Energy Watt Sports Drink, for containing excessive plasticizer. The Center for Food Safety of Hong Kong Special Administrative Region Government said the ban is …
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Bordeaux Breaks the Bank: Are Chinese Aficionados Fueling a Wine Bubble?
TIME
At a May 17 auction in Hong Kong, new Chinese millionaires were fighting over the few wines that Château Latour — which was rated as First Growth under the 1885 Bordeaux Classification — brought out of its wine cellars. It took Christie’s seven and a …
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More land sales in Hong Kong to try to cool rocketing property prices
Property Wire
Hong Kong’s finance chief has warned that property prices are too high as he announced new measure to tame the red hot real estate market. ‘This situation is rather unusual. Property market trends are hard to predict. I urge citizens to think twice …
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Huaneng Power gets OK for gas turbine project
Reuters Africa
In a statement to the Hong Kong exchange on Wednesday, Huaneng said the Jiangsu Province Development and Reform Commission had given it approval to build the 51 percent-owned Huaneng Jinling Combined Cycle Cogeneration Project. …
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PCCW set to build UK broadband network
Financial Times
By Andrew Parker PCCW, the Hong Kong-based telecoms company, is preparing to build a high speed mobile broadband network in the UK and could launch services as soon as 2012. The company, which is controlled by Richard Li, the Hong Kong tycoon, …
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China Unicom Hong Kong Bullish Moving Average Crossover Alert (CHU)
Financial News Network Online
China Unicom Hong Kong (NYSE:CHU) shares have crossed bullishly above their 10-day moving average of $21.21 on a volume of 658K shares. Swing traders may find an opportunity for a long position as such a crossover often suggests higher prices in the …
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Red hot racing car revs up summer fun at Hong Kong Disneyland
eTravelBlackboard – Asia Edition
Hong Kong Disneyland Resort will host a cool summer bash, headlined by this season＊s hottest race car, Lightning McQueen from Disney Pixar Cars 2. ※This event is the latest highlight of the Resort＊s 5th anniversary spectacular, ＆Celebration in the …
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LCQ8: The Hong Kong Jockey Club Institute of Chinese Medicine
7thSpace Interactive (press release)
The Innovation and Technology Commission intends to disband the Hong Kong Jockey Club Institute of Chinese Medicine (HKJCICM) which has been in operation for ten years, and set up a committee to be chaired by the Commissioner for Innovation and …
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Hong Kong champ to ride in the July
Business Day
GAUTENG trainer Gary Alexander has pulled off the coup of the year by securing the services of 10- times Hong Kong champion Dougie Whyte to ride in the Vodacom Durban July. Durban-born Whyte will be aboard four-year-old Pierre Jourdan who advertised …
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World’s best bartenders fix us a strong one in Hong Kong
CNNGo.com
Five world-class mixologists from New York, Osaka and Melbourne will be making top-notch cocktails at Hong Kong’s MO Bar until June 17. The master bartenders made their names at hubs of cocktail connoisseurship around the world, such as New York’s Pegu …
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Taubman Centers to sell 1.75M shares at $56.50
Forbes
… net proceeds from the sale to reduce borrowings under its $615 million revolving credit line. Taubman Centers owns, leases or manages 26 US shopping centers in major markets, the company said. It also has an Asia subsidiary headquartered in Hong Kong.
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Hong Kong’s Exchange Fund foreign assets reach 272 bln USD in May
People’s Daily Online
Hong Kong’s Exchange Fund foreign assets amounted to 2.12 trillion HK dollars (about 272 billion US dollars) in May, up 6.8 billion HK dollars from the previous month, the Hong Kong Monetary Authority (HKMA) said here on Tuesday. …
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Hong Kong’s underground venue Hidden Agenda refuses to close
CNNGo.com
Hong Kong’s Lands Department issued an ultimatum two weeks ago ordering the venue to cease commercial activities by June 21, after which the government will conduct an inspection to verify compliance. “We’re booked solid through December,” says manager …
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Nepal promotes tourism in Hong Kong
Himalayan Times
KATHMANDU: Nepal Tourism Board (NTB) represented Nepal at 25th International Travel Expo (ITE) Hong Kong and 6th MICE Travel Expo held from June 9-12 at Exhibition and Convention Centre in Wanchai of Hong Kong. The expo attracted hundreds of exhibitors …
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Hong Kong Airlines plans to announce A380 order at Paris Air Show
ATWOnline
By Katie Cantle | June 15, 2011 Hainan Airlines Group subsidiary Hong Kong Airlines plans to place an order for the A380 as it looks to challenge Cathay Pacific Airways and further explore the fast-growing Chinese market, an industry insider told ATW. …
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Hong Kong HR head: “I’m suspicious of anyone who doesn’t get a counter offer”
eFinancialCareers Australia
Across almost every job function, banks in Hong Kong are offering potential defectors more money to stay put, according to the 16 senior in-house HR professionals from leading international banks who attended the recent eFinancialCareers roundtable. …
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Negotiations continue on two fronts to save Katahdin mills
Bangor Daily News
Part of a Hong Kong-based holding company, IGIC is a company registered for business in Delaware that represents international investors in pulp trade and imports. If the sale goes through — and parties stressed Tuesday that nothing was final — it …
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Preservation-cum-development of Hong Kong Sheng Kung Hui Compound in Central
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Chief Executive-in-Council has approved the land lease modification for Hong Kong Sheng Kung Hui (HKSKH)’s Compound at Lower Albert Road (Central site) and the in-situ land exchange for another HKSKH site at Clementi Road, …
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IN BRIEF (Page: 2)
China Daily
Glencore, based in Baar, Switzerland, will own 70 percent of the Mina Justa copper project under an accord signed by the two companies on June 9, Hong Kong-based and Bermuda-incorporated CST said on Tuesday in a statement. A call to Glencore’s offices …
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JCDecaux unveils new advertising solutions at Hong Kong International
MoodieReport
By Melody Ng, Asia Bureau Chief HONG KONG. JCDecaux Transport has announced new initiatives for “effective and impactful” advertising solutions at Hong Kong International Airport (HKIA) following a recent revamp of advertising formats. …
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SEAIR offers the lowest fares to Macau, Hong Kong, Singapore
Online PR News (press release)
South East Asian Airlines (SEAIR), the Philippines’ premier leisure airline, is offering fares for as low as 1299 PHP all-in per way from Clark to Macau and 1499 PHP all-in per way from Clark to Hong Kong and Clark to Singapore. …
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Hong Kong Fire Leaves 4 Dead, 19 Injured
CRIENGLISH.com
A fire that broke out Wednesday in Hong Kong has left four people dead and 19 others injured, said regional government source. The fire broke out around 3 am in a building in Hung Hom, Hong Kong’s Kowloon area. It was largely put out around 5:30 am. …
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Agent hints at A-League move for former Chelsea striker Mateja Kezman
Goal.com
Kezman, who recently left Hong Kong’s South China, is now looking for his next move and his agent James Hardy told au.fourfourtwo.com that could be in Australia. “Kezman is the perfect marquee player for the A League,” said Hardy, who is representing …
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Lawmakers complain of slow progress to reunite families
China Daily
By Ming Yeung (HK Edition) Lawmakers have complained about delays in processing Hong Kong residency applications from the adult mainland offspring of Hong Kong parents. After a decade-long debate on the matter of divided families, …
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Hong Kong’s PCCW Plans to Launch 4G Service in U.K, FT Reports
Bloomberg
By Blanche Gatt – Tue Jun 14 21:15:55 GMT 2011 Hong Kong-based telecoms company PCCW Ltd. (8) is planning to build a high-speed broadband network in the UK that could be launched as soon as 2012, the Financial Times reported, citing Nicholas James, …
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Georgia Woman Dials 911 After Getting Wrong Chinese Food Order
ZAGAT Buzz
Take a look at this phone call transcript: Woman: Yeah, I need an officer to 11710 E Largo Drive to Hong Kong Restaurant Chinese Restaurant To Go. I order food and they gonna give me the wrong food. I bring this up site they gonna give me money they …
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Samsonite prices shares at HK$14.50 in HK IPO
Reuters
HONG KONG, June 15 (Reuters) – Samsonite International SA , the world’s biggest luggage maker, said on Wednesday it had priced its Hong Kong initial public offering at HK$14.5 a share, confirming an earlier report that it would price shares at the …
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Hong Kong Daily News 2011.06.14

Banks Lift Hong Kong
Wall Street Journal
By LISA TWARONITE And MICHAEL KITCHEN Japanese stocks fell Monday, with a persistently strong yen weighing on some exporters, but Hong Kong ended a seven-session losing streak, staging a late-day turnaround as banking shares rebounded. …
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Prada shares overpriced, say HK brokerage, fund manager
Reuters
By Elzio Barreto HONG KONG, June 14 (Reuters) – Shares of Italian fashion house Prada SpA could be overpriced by as much as 41 percent, Hong Kong brokerage Phillip Securities said in a report on Tuesday. Milan-based Prada, known for its leather …
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Priced out by mainlanders, Hong Kong property buyers look abroad
Financial Times (blog)
Hong Kong buyers were the largest group (24%), followed by Singaporeans (12%) and mainland Chinese (10%), and then other countries in the region. This has raised a few bemused eyebrows in Hong Kong, where residents have long berated wealthy mainland …
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Hong Kong Airlines to Order Superjumbo Jets
Wall Street Journal (blog)
By Joanne Chiu Hong Kong Airlines Ltd. will announce a plan to order Airbus A380 jets in the upcoming Paris Airshow next week, the Hong Kong-based carrier said Monday, as it seeks to expand its international network by offering more long-haul routes. …
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Hong Kong Retail Investors Give IPOs A Miss
Wall Street Journal (blog)
Hong Kong could be suffering from a serious case of IPO fatigue, if the response of retail investors this year is anything to go by, writes Dow Jones Investment Banker. An analysis of the listings in 2011 shows that retail demand has been tepid, …
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China Official: Hong Kong Should Put More Effort In Housing Issues
NASDAQ
HONG KONG -(Dow Jones)- The Hong Kong government should put more effort in coping with the city’s housing issues and meet the needs of the general public, the head of China’s Hong Kong-Macau Affairs Office said Tuesday, warning any mishandling could …
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Colocation Company to Open 42nd Data Center in Hong Kong
TMC Net
By Carrie Schmelkin Telehouse America, a pioneer in data center and colocation facilities, is heading to China’s South Coast with the creation of Telehouse Hong Kong CCC. Slated to begin service in December 2011, the new facility will boast premier …
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Hong Kong court clears Pinoy worker of double murder raps
Tempo
MANILA, Philippines – A seven-man jury of the High Court of Hong Kong handed down recently a unanimous “not guilty” verdict on a Filipino who was accused of double murder. In a belated report, the Philippine Consulate General in Hong Kong disclosed …
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Pink Dolphins Swim In Hong Kong Waters
KSBW The Central Coast
HONG KONG — Some pink dolphins have tourists lining up, but the odd sight looks to be the work of pollution and loss of territory. Guides said five or six of the pastel dolphins have been spotted in the bay off Hong Kong. Ecologists said the color …
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Hong Kong bans Taiwan sports drink
Xinhua
HONG KONG, June 14 (Xinhua) — The Center for Food Safety of Hong Kong Special Administrative Region Government said here on Tuesday that it will prohibit from Wednesday noon the import and supply of Taiwan’s DrinkaZine Energy Watt Sports Drink, …
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HKMA: Risks Of Overheating In HK Property Market Remain A Concern
Wall Street Journal
HONG KONG (Dow Jones)–Hong Kong’s economic outlook is likely to remain favorable in the second half, but risks of an overheating in the property market remain a concern, Hong Kong Monetary Authority said in its latest quarterly report issued Tuesday. …
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Manchester United may list in Hong Kong, but should investors buy shares?
MindfulMoney
Manchester United fans may be about to get shot of the club’s controversial owners with reports suggesting that the Glazer family may float the club on the Hong Kong Stock market for around £1.7bn. But do football shares, even in one of the world’s …
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Territory changes tack to back Noble
The Australian
IRON ore miner Territory Resources has backed a bid from Hong Kong trader Noble Group, as a higher offer from rival suitor Exxaro Resources seems increasingly unlikely. The Perth-based miner announced yesterday that its board viewed Noble’s 50c-a-share …
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Nine Dragons Shares Hit as S&P Pulls Rating
Wall Street Journal
By FIONA LAW And JOANNE CHIU HONG KONG—Shares of a Hong Kong-listed packaging manufacturer controlled by one of China’s richest entrepreneurs plunged after Standard & Poor’s made the unusual decision to withdraw its long-term corporate credit rating …
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Report: Chinese government installs spying devices on Hong Kong cars
TG Daily
Beijing is allegedly using audio spying devices on dual-plate Chinese-Hong Kong vehicles to gather information. Apple Daily reports the eavesdropping devices were originally installed under the name “inspection and quarantine cards” back in July 2007. …
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Japanese Stocks Gain Most This Month on Government Plan for Tepco Backstop
Bloomberg
By Norie Kuboyama – Tue Jun 14 07:14:45 GMT 2011 June 13 (Bloomberg) — Arnout Van Rijn, chief investment officer for Asia at Robeco Hong Kong Ltd., talks about the region’s stocks. Van Rijn also discusses China’s economy and initial public offerings …
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Away from the frenzy of central Hong Kong
Edmonton Journal
Lush, green hills and tranquil beaches with gorgeous views of the sea may not be the first images to spring to mind when thinking about Hong Kong. But this well-known mecca for endless shopping, glitzy nightlife and towering skyscrapers that seem to …
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Hong Kong dominates rankings again
The Standard
International higher education consultant Quacquarelli Symonds has released its Asian university rankings, and three of the top five are from Hong Kong – the same as last year. The big news is that the Hong Kong University of Science and Technology has …
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Third Avenue’s Jason Wolf Talks Hong Kong Real Estate
Morningstar.com
By Bridget B. Hughes, CFA | 06-14-11 | 06:00 AM | E-mail Article Third Avenue Value and Third Avenue Real Estate Value both maintain large commitments to a handful of Hong Kong real estate companies. The management teams on both funds discuss them …
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Research and Markets: Hong Kong – Telecoms, Mobile, Broadband and Forecasts …
SunHerald.com
Hong Kong has a sophisticated telecommunications infrastructure. The report covers trends and developments in telecommunications, mobile, internet, broadband, and converging media including VoIP and IPTV developments. Hong Kong, a Special …
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CST Mining To Sell CST Resources To Glencore For $475 Mln – Update
RTT News
(RTTNews) – Hong Kong-based CST Mining Group Ltd. said it signed a Memorandum of Understanding with Swiss mining and commodities trader Glencore International AG (GLEN.L: News ) to dispose of 100 percent interest in CST Resources for a total …
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GT Solar bets on lighting applications for sapphire growth
Reuters
GT Solar Chief Executive Tom Gutierrez speaks during an interview with Reuters in Hong Kong October 12, 2010. By Krishna N Das BANGALORE (Reuters) – GT Solar International, a US solar and LED equipment maker, forecast its sapphire materials business …
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Race Day Medication Summit Digs Into Salix
TheHorse.com
Most of the back-and-forth regarding Salix’s use occurred during a series of three afternoon panel discussions; one panel with racing authority and registry executives from Hong Kong and Ireland; one panel with trainers; and one panel with …
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China focus: The future of renminbi trade
FinanceAsia
By Jonathan Barlow | 14 June 2011 Hong Kong’s renminbi trade-settlement scheme might be growing quickly, but it faces an uncomfortable truth: deposits in Hong Kong renminbi, or CNH in bankers’ jargon, heavily outweigh the city’s available pool of …
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Hong Kong tycoon lifts Giordano stake to 18.07 pct
Reuters
HONG KONG, June 14 (Reuters) – Hong Kong tycoon Cheng Yu Tung has lifted his stake in casual wear chain Giordano International Ltd to 18.07 percent, in his fifth acquisition since May, according to a disclosure from the Hong Kong bourse. …
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Worries Over Chinese Companies Hit Bond Markets
Wall Street Journal (blog)
As Dow Jones Newswires reports Tuesday, two Hong Kong-listed Chinese companies, GCL-Poly Energy Holdings Ltd. and China Qinfa Group Ltd., have delayed dollar-bond issues in Hong Kong due to weak appetite for bonds from Chinese companies, …
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Xinhua-Backed Sunny Sky Media Unveils ‘Coming Back’ Starring Simon Yam
Hollywood Reporter
First-time director Li Yuan helms the Hong Kong actor and model in a comedic crime drama. SHANGHAI – A comedic crime drama from producer Gordon Chan and starring Echoes of the Rainbow actor Simon Yam is among the first projects from Sunny Sky Media …
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Forex Trading and Currency Exchange Rates – US and Hong Kong Dollars Drop Broadly
Best Syndication
(Best Syndication News) The US dollar fell broadly but turned around later against the Japanese yen and the Canadian (see forex charts below). The dollar fell against all major currencies Monday (see average chart below). The US currency dropped 0.82 …
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Samsonite Packs a Punch in Hong Kong
Wall Street Journal
That’s the destination of Massachusetts-based luggage maker Samsonite International, which priced a Hong–Kong initial public offering last week and begins trading Thursday. Demand for IPOs in the city-state is booming, with some $80.5 billion in shares …
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POSCO plans to list steel venture
EastDay.com
SOUTH Korea-based POSCO plans to list its China stainless steel joint venture in Shanghai or Hong Kong as early as 2013 to strengthen its value. The venture, China Zhangjiagang Pohang Stainless Steel (ZPSS), has recently increased its annual capacity …
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Skechers signs apparel licensing deal with Hong Kong firm
Daily Breeze
By Muhammed El-Hasan Business Writer Skechers USA Inc., the Manhattan Beach-based shoe company, said Monday that it signed a multi-year licensing agreement with LF USA, a subsidiary of Hong Kong-based multinational Li & Fung Limited. …
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Big snapshot: Hong Kong exhibit
Mother Nature Network
Dancers perform at the opening ceremony of “The Rainforest,” a South American-themed zone at Ocean Park in Hong Kong on June 14. More than 70 kinds of animals from tropical rain forests live in the section that opened to the public on Tuesday. …
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Investors Bid Up Shares of China Unicom Hong Kong, Up 0.9% (CHU)
Benzinga
China Unicom Hong Kong (NYSE: CHU) is one of today’s notable stocks on the rise, up 0.9% to $21.05. The S&P is currently trading 1.2% higher to 1288 and the Dow Jones Industrial Average is trading 1% higher to 12078. China Unicom Hong Kong is in …
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China Outfitters to seek up to $300 million in IPO
MarketWatch
By Yvonne Lee HONG KONG -(MarketWatch)- China Outfitters Holdings Ltd., in which private equity firm Orchid Asia Group Management Ltd. has a stake, plans to raise US$230 million to US$300 million in an initial public offering ahead of its listing in …
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Japan stocks fall; Hong Kong rebounds on banks
MarketWatch
By MarketWatch A MarketWatch report of June 13 misstated the relative value of the yen to the dollar. The yen has been strong compared to its average value in 2010. See corrected report.
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Japan IPOs Make Tepid Comeback
Wall Street Journal
Japan had been facing pressure from overseas markets long before the disasters that struck on March 11, especially as Hong Kong and other Asian markets became increasingly attractive listing destinations. To make matters worse, the post-quake …
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Asian demand boosts tangible asset prices
Interactive Investor
The world’s largest wine auctioneer – Acker Merrall & Condit – has seen sales levels at its Hong Kong auctions outstrip those in New York by a factor of two to one. The growth in Chinese demand for wine kicked off in 2008 when Hong Kong abolished hefty …
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Hong Kong Disneyland alerts public of alleged scams
Channel News Asia
By Mustafa Shafawi | Posted: 14 June 2011 1848 hrs SINGAPORE: Hong Kong Disneyland Resort has issued a warning of a scam which makes use of its name. In a statement, it said calls have been made by people who claimed to be its staff or letters sent to …
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Credits roll on stars’ marriage
EastDay.com
HONG Kong singer-actor Nicholas Tse had signed divorce papers and sent them to his actress wife Cecilia Cheung, putting an end to the five-year marriage, Hong Kong media reported yesterday. An insider said Tse had eventually made up his mind to agree …
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FedEx Enables Faster Access to the Hong Kong Marketplace
LogisticsWeek
(NYSE: FDX) and one of the world’s largest express transportation companies, enhanced its FedEx International Priority® Freight service, enabling shipments to be delivered to their destinations in Hong Kong before 12:00 noon. …
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Survey: More than 70% of Hong Kong pros got pay rise
IDG News Service
More than 70 percent of people working in Hong Kong received a salary increase this year, said Robert Walters that recently announced results of its global survey of more than 3200 professionals. More than 70 percent of people working in Hong Kong…
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Gaines in Asian on China’s improved data
Forex Pros
Lagging shares today were Tencent Holdings Ltd which fell 2.52% closing at 201.40 Hong Kong dollars, and CNOOC Ltd falling by 1.18% closing at 18.48 Hong Kong dollars. And Chin Mobile Ltd falling by 0.64% closing at 70.00 Hong Kong dollars. …
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Hong Kong Company Takes Over Chancery Court Hotel in London
ASIATravelTips.com
Hong Kong-based New World Hospitality has assumed management of the newly named Chancery Court Hotel, London, formerly the Renaissance London Chancery Court Hotel. The hotel and heritage property will be operated as an independent luxury hotel in the …
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Asian shares mixed after Wall St tumbles
Ninemsn
Asian stocks were mixed on Monday as more heavy selling on Wall Street, a stronger yen and Chinese economic fears were tempered by gains in Seoul and Hong Kong, which both broke long losing streaks. Tokyo fell 0.70 per cent, or 66.23 points, …
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topseos.hk Unveils the Best Web Design Firms in Hong Kong for June 2011
Online PR News (press release)
The Top 10 Web Design Companies in Hong Kong for June 2011 has been ranked by topseos.hk, the independent authority on search vendors. Online PR News – 14-June-2011 –topseos.hk, an independent authority on search vendors has named the Best Web Design …
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Investing in Increased Activity – Equity Research on Cowen Group, Inc. and …
SYS-CON Media (press release)
LSHI’s subsidiaries are LaBranche Structured Products, LLC (LSP), LaBranche Structured Products Europe Limited (LSPE), LaBranche Structured Products Hong Kong Limited (LSPH), LaBranche Structured Products Direct, Inc. (LSPD) and LaBranche Structured …
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Do You Know Who You’re Dealing With?
Marketwire (press release)
That’s where Swiss-based Worldbox Business Intelligence’s leading search and background checking service comes in, with additional bureaus in London, Hong Kong, and India; providing collaborative co-ordination and extended coverage thanks to an …
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PD Circuits joins the HKPCA
Global SMT & Packaging Magazine
PD Circuits, Inc., specializing in delivering the highest quality PCBs, technical support, and service to OEM and EMS companies worldwide, announces that it has joined the Hong Kong Printed Circuit Association (HKPCA). …
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Get Off Now! Never Miss Another Bus or Train Stop with your iPhone
prMac (press release)
[prMac.com] Hong Kong – Get Off Now! has introduced a new Lite version and anyone can try to experience the convenience this app might brought to you. Since some users suggested the app draws some power, a new power saving mode was also introduced in …
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Barclays’s Chang Sees One More China Rate Hike This Year
Washington Post
June 14 (Bloomberg) — Jian Chang, a Hong Kong-based economist with Barclays Capital who previously worked at the World Bank and Hong Kong Monetary Authority, talks about the outlook for China inflation and the nation’s economy. …
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