BUSINESS

HKMA and BofAML Host Summit on Offshore RMB Opportunities

Last week in Sao Paulo, the Hong Kong Monetary Authority together with Bank of America Merrill Lynch organized a summit on “Offshore Renminbi Business Opportunities.” This j (read on…) Related items 14. Pilot project to allow HK-Malaysia investment and settlement Zhida Group Advances With Epicor ERP Solution Research and Markets: Hong Kong Pharmaceuticals and...

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JAR, Jade and 'Pigeon Blood' Ruby Highlight Christie's Hong Kong Auction

As previously reported, the May 29 Christie?s Hong Kong Magnificent Jewels sale will have the largest round fancy intense pink diamond to ever appear at auction and a 11.85-carat D VVS1 potentially flawless round brilliant-cut diamond?both with Harry Winston pedigree. But there?s more. (read on…) Related items Hong Kong In Transition: The Old Guard...

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China tells IPO bankers to 'like' Facebook – IFR

By Ken Wang and Timothy Sifert HONG KONG (Reuters) – China's internet censors have a dim view of Facebook, but that has not stopped it from being a model of sorts for the country's securities regulator, … (read on…) Related items Hong Kong: The Most Business-Friendly City in the World ACL Semiconductors Inc. Reports...

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Hong Kong Total Exports and Imports Decline in March

(MENAFN – Qatar News Agency) The Census and Statistics Department (C&SD) of Hong Kong has announced that due to weak US demand and slack Asian demand, total commodity exports amounted to HKD 262.4 … (read on…) Related items Hong Kong In Transition: The Old Guard Is Losing Some Control Sotheby's Hong Kong presents a...

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TEXT-S&P summary: Hongkong Land Holdings Ltd.

(The following statement was released by the rating agency) Apr 27 – =============================================================================== Summary analysis — Hongkong Land Holdings Ltd. ——————- … (read on…) Related items Hong Kong: The Most Business-Friendly City in the World The Red Flag Group Announces Over 140 Percent Revenue Growth on Last Year as It Expands Internationally to Answer...

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Bread Asia Bakery and Café opens in Mandaue

BREAD Asia Bakery and Café celebrated its official grand opening together with a blessing and inauguration last April 12, 2012. The ceremony was attended by families, business partners and close friends of Dr. John Sy-Uy the owner of Bread Asia Bakery and Café. “We came up with the name of the store because we...

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GLG Hong Kong Managers Said to Plan Own Asia Hedge Fund

Kelvin Woo and Joe Zhang are leaving GLG Partners Inc., the London-based hedge fund bought by Man Group Plc (EMG) in 2010, to set up their own Asia-focused macro hedge fund, said four people with knowledge of the matter. (read on…) Related items Hong Kong In Transition: The Old Guard Is Losing Some Control...

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Hong Kong Confirms Business Registration Fee Waiver

The Revenue (Reduction of Business Registration Fees) Order 2012, which waives Hong Kong’s business registration fees for one year, came into effect on April 1, 2012, the territory's Inland Revenue Department has confirmed. (read on…) Related items Hong Kong Inland Revenue Department Announces Decrease in Business Registration Fees Hong Kong Reminds Taxpayers Of Their...

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DBS Hong Kong 1Q Yuan-Related Revenue Up 45% From Previous Quarters

DBS Group Holdings' (D05.SG) Hong Kong unit posted a revenue jump in its yuan-related business, leveraging on China's push to internationalize its currency. (read on…) Related items China approves new yuan ETFs in Hong Kong Exclusive – Eyeing Yahoo deal, Alibaba may take HK unit private EXCLUSIVE: Eyeing Yahoo deal, Alibaba may take HK...

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China's Big Four banks hit by slowdown, costs

HONG KONG (Reuters) – China's Big Four banks' reported weaker-than-expected first-quarter earnings on Friday, with the sector facing growing pressure from a slowing economy and rising funding costs. Regulators have also closed in on the banks' freewheeling practice of charging fees and commissions, after the volume of complaints from customers and politicians grew louder...

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