Category: Hong Kong
HK policymakers told to take account of China’s views
A confidential Executive Council memo that requires all future policy proposals to factor in the likely mainland reaction has sparked concern that the government is putting [...]
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HK sees modest GDP growth of 2.8pct
Hong Kong’s economy saw modest year-on-year growth in the first quarter, with strong demand from mainland China offsetting a weak environment in the West, officials [...]
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HK property sales plunge 60pct – with prices following
The volume of Hong Kong property sales fell 60 percent compared with last year in a sign that recent government policies are cooling one of the world’s most expensive [...]
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HK’s secret street racing world
As night begins to give way to dawn, 40 high-performance cars pull up on an empty Hong Kong backstreet. While the city sleeps, their revving engines fill the air with a heavy [...]
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Building on EU-HK ties for peace
Today is Europe Day, the anniversary of the declaration by Robert Schuman, the former foreign minister of France, which is seen as the symbolic start of the integration of [...]
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HK IPO Downturn Forces Change at Chinese Investment
Facing the same downturn in Hong Kong initial public offerings that their Western peers have been grappling with, Chinese investment banks in Hong Kong are either cutting [...]
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Esprit expects to see a ‘substantial loss’
Shares in fashion retailer Esprit fell as much as much as 7.0 percent in Hong Kong Wednesday after the company released a third-quarter profit warning, telling shareholders [...]
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19 HK tourists injured in Guangxi bus crash
Nineteen Hong Kong tourists have been injured – two seriously – in a traffic accident in Guangxi province. The injured – eight men and 13 women – [...]
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In HK, Firms Bulk Up on Bankers to Bolster IPO’s
After a lackluster 2012 and slow start this year, Hong Kong’s financiers are hoping to revive interest in initial public offerings. To test investor appetite, many [...]
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HK dock workers end strike
Dock workers in Hong Kong have ended a 40-day strike that affected one of the world’s busiest ports. About 450 workers agreed to a pay increase of 9.8 percent, after [...]
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Banks Buying HK Towers as Rents Climb: Real Estate
Seeking to hedge against rising rents and a shortage of space, banks and insurers are on a record spree of buying office buildings in Hong Kong, where occupancy costs are the [...]
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HK IPO market heats up with $3.5 billion Sinopec unit, Galaxy Securities deals
A unit of Sinopec Group and brokerage China Galaxy Securities are launching Hong Kong IPOs on Monday seeking to raise up to $3.5 billion in total, injecting life into [...]
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HK struggles to combat waste crisis
An army of road sweepers and refuse collectors keep the streets clean in the heart of Hong Kong — but on the outskirts, growing mountains of waste are testament to what [...]
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Birmingham owner ‘amassed tens of millions of dollars’
Birmingham City owner Carson Yeung amassed tens of millions of dollars in unexplained deposits, prosecutors said, after a Hong Kong court rejected an attempt to have his [...]
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Contractors make striking HK dockers 9.8pct ‘last offer’
Four contractors offered their workers a 9.8 per cent pay rise last night in what they said was their final bid to bring an end to the dockers’ strike, which enters its [...]
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