The Bank of China (BOC) plans to issue new Hong Kong-listed H shares, about 20 percent of its current H shares, as soon as possible, said BOC Board Chairman Xiao Gang Thursday.
But the BOC had to wait for approvals from shareholders and securities regulators on the mainland and in Hong Kong, Xiao said.
The BOC, China’s [...]
Hong Kong’s total retail sales value rose to HK$29.3 billion ($3.77 billion) in January, up 6.6 percent over a year earlier, while the total retail sales volume grew 3.2 percent, the Census and Statistics Department said Thursday.
The department said the year-on-year comparison might have been affected by the Chinese New Year falling on February 14 [...]
Can a duty-free Hainan Island threaten Hong Kong’s status as mainlanders’ favorite shopping destination. Timothy Chui reports from Hong Kong
For many Chinese mainlanders, Hong Kong is a shopping paradise. Its streets are lined with big-name brand outlets and small, independent stores all offering quality goods at bargain prices. But experts predict the city’s status as [...]
Hong Kong will implement four measures to reduce the risk of creating a property bubble, said Hong Kong’s top financial official in his annual budget speech Wednesday.
The measures include increasing the supply of flats, raising stamp duty of luxury flats, ensuring transparency in property transactions and preventing excessive expansion in mortgage lending, said aid John [...]
The Hong Kong National Geopark offers visitors a refreshing experience in addition to Hong Kong’s glittering metropolitan life, Hong Kong Secretary for Commerce and Economic Development Rita Lau said on Saturday.
During a visit to the High Island Geo Trail with Japanese Consul-General Shigekazu Sato on Saturday, Lau said Hong Kong is endowed with a rich [...]
Chinese banks are expected to fuel growth in Asian financial service mergers and acquisitions (M&A) this year, but could face pricing pressure due to stronger competition between prospective buyers, M&A experts said yesterday.
“There have been a limited number of deals in the past 18 months, but we expect 2010 to be a completely different story [...]
