• Cancelled ExCo meeting not new

  The cancellation of Executive Council meetings on non-recess days has precedents and is not uncommon.This was the message from the Executive Council Secretariat in response to media enquiries on ExCo's meeting arrangements.It said more than 10 regular Tuesday meetings were cancelled from 2007 to ...

• UBS Securities fined $1.6m

  The Securities & Futures Commission has reprimanded and fined UBS Securities Hong Kong $1.6 million for regulatory breaches and internal control failings relating to position limit failures.The disciplinary action follows an investigation into UBS holding, on behalf of its client UBS AG London, 175,697 contracts in China Construction Bank stock options, in breach of the prescribed position ...

• Waste plan support needed KS Wong

  Hong Kong needs to create a culture that promotes waste reduction and recycling, Secretary for the Environment KS Wong says.Speaking to the media after attending a radio programme today on the new blueprint for sustainable use of resources, he said the majority of the public support the idea of volume-based charges to reduce waste."So we are now in a stage to engage the public to talk about ...

• Readers Digest Trusted Brand 2013

  Reader's Digest Trusted Brand Survey: Among Asian Regions, Hong Kong Consumers Believe Most Strongly in Social Media Comments Over 70% Likely to Trust Comments on Social Media Platforms HONG KONG, May 21, 2013 /PRNewswire/ -- Reader's Digest's annual consumer survey across Asia revealed that consumers in Hong Kong rely excessively on social media in forming their consumption ...

• Consumer prices up 4

  Overall consumer prices rose 4% year-on-year in April, compared to the corresponding increase of 3.6% in March.The Census & Statistics Department said today, netting out the effects of the Government's one-off relief measures, the year-on-year rate of increase in the Composite Consumer Price Index in April was 3.9%, compared to 3.7% in March.The change was attributable to increases in ...

• Consumer prices up 4

  Overall consumer prices rose 4% year-on-year in April, compared to the corresponding increase of 3.6% in March.The Census & Statistics Department said today, netting out the effects of the Government's one-off relief measures, the year-on-year rate of increase in the Composite Consumer Price Index in April was 3.9%, compared to 3.7% in March.The change was attributable to increases in ...

• Industry Experts Lead JNA Awards 2013 Judging Panel Albert Cheng James Courage and Lin Qiang to Serve as Judges Again

  JNA Awards , the most prestigious awards event in the jewellery and gemstone industry, is delighted to announce that three of the industry's most recognised names will sit on the judging panel for the second time. They are Albert Cheng, Managing Director of World Gold Council- Far East (WGC); James Courage, Chief Executive of Platinum Guild International (PGI); and Lin Qiang, President and ...

• AmCham HK Astutely Assessed Chinas Next Round of Reforms

  HONG KONG, May 21, 2013 /PRNewswire/ -- The American Chamber of Commerce in Hong Kong assembled more than 20 experienced senior executives and other experts today to assess "Hong Kong's Role in China's Next Round of Reforms" at its annual China Conference, held at the Four Seasons Hotel. "Hong Kong will continue to play a key and unique role in facilitating the next ...

• Hang Seng ends lower

  (35 mins ago) Hong Kong stocks closed 0.54 percent lower on Tuesday after a dip on Wall Street ahead of the Federal Reserve chairman's testimony about the US economic outlook. The benchmark Hang Seng Index fell 126.66 points to 23,366.37 on turnover of HK$71.30 billion, AFP reports. Chinese shares closed up 0.22 percent. The benchmark Shanghai Composite Index rose 5.12 points to 2,305.11 ...

• Hong Kong shares nudged off 3-12-month high China ekes out 5th straight gain

  Tue May 21, 2013 5:00am EDT * HSI -0.5 pct, H-shares -0.9 pct, CSI300 +0.2 pct * ICBC down 2.1 pct after Goldman exit, vs 2.5 pct discount * PICC P&C slides after $938.3 million rights issue * China property up, urbanization meeting to be reportedly held by June By Clement Tan HONG KONG, May 21 (Reuters) - Hong Kong shares fell from a 3-1/2-month high on Tuesday, hurt by a series of fund raising ...

• Asia Markets Hong Kong Sydney stocks fall Tokyo ends up

  HONG KONG (MarketWatch) -- Australian stocks declined, and Hong Kong equities snapped a three-day winning run on Tuesday, weighed by overnight losses on Wall Street and uncertainty over U.S. monetary ...

• China Galaxy jumps in gray market ahead of Hong Kong debut

  HONG KONG | Tue May 21, 2013 4:43am EDT HONG KONG May 21 (Reuters) - China Galaxy Securities Co Ltd soared as much as 8.3 percent in gray market trading on Tuesday, signaling expectations the Chinese state-owned brokerage will climb in its official debut on the Hong Kong stock exchange on Wednesday. China Galaxy shares changed hands at HK$5.70 in late afternoon and rose as high as ...

• Marine safety improvements set

  Secretary for Transport & Housing Prof Anthony Cheung briefs the media on reform plans for the Marine Department, to improve passenger ...

• Tung Chung consultation launched

  The Planning Department and the Civil Engineering & Development Department today launched the Stage 2 Public Engagement for the Tung Chung New Town Extension Study.Activities including a community workshop, a public forum, briefings and roving exhibitions will serve to gauge public views on planning direction and scale for development.Two initial land use options are proposed for Tung Chung ...

• City University of Hong Kong Selects Echo360 to Create an Active Learning Environment With Video

  City University of Hong Kong is enhancing teaching and learning with instructional video created and published using Echo360 technology.The University is expanding its use of Echo360 because of a rapidly changing academic culture that places personalized learning, social collaboration and immediate access for students at the forefront of the institution's curriculum strategy.By creating and ...

• Hang Seng down by break

  (26 mins ago) Stocks in Hong Kong were down 0.50 percent by the break after a dip on Wall Street ahead of the Federal Reserve chairman's testimony on the US economic outlook. The benchmark Hang Seng Index fell 117.49 points to 23,375.54 by the noon break on turnover of HK$40.36 billion. Fed chairman Ben Bernanke is due to give testimony to Congress on Wednesday. ...

• Gold price opens higher in Hong Kong -- May 21

  /enpproperty--> HONG KONG - The gold price in Hong Kong went up HK$320 to open at HK$12,930 per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to $1,398.67 a troy ounce, up $34.62 at the latest exchange rate of $1 against ...

• Negative starts for Hang Seng Shanghai

  (9 mins ago) Stocks in Hong Kong opened down 0.37 percent after Wall Street closed slightly lower in cautious trade ahead of the Federal Reserve chairman's testimony to Congress on the US economic outlook. The benchmark Hang Seng Index fell 87.80 points to 23,405.23 in the first minutes of trade. Fed chairman Ben Bernanke is due to give testimony to Congress on Wednesday. In Shanghai, ...

• Hong Kong stocks retreat ICBC shares drop

  HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday retreated after a three-day winning streak, with Industrial & Commercial Bank of China Ltd. sliding on news Goldman Sachs Group Inc. sold the remainder of its stake in the Chinese lender. The Hang Seng ...

• Hong Kong opens lower as bank shares weaken Hang Seng Index down 0.3

  SYDNEY--Australia's central bank cut its benchmark interest rate to record lows at the start of May to give the resource-rich economy a further jolt as a rapid cooling in mining investment and a high Australian dollar slowed growth and eroded business ...

• Hong Kong Says It Will Reduce Waste by 40 Percent Per Person

  Ashley Davis , Mon, May 20, 2013 As one of the most populated cities in the world, Hong Kong has a lot of waste. They are hoping to reduce their waste by 40 percent in ten years as part of a ...

• Cathay Pacifics Airbus A350 to get new first business class seats

  " alt="Cathay is already making plans for its first Airbus A350, due in early 2016" style="position: absolute; top: 50%; left: 50%; margin-left: -233.5px; margin-top: -130px;" title="Cathay is already making plans for its first Airbus A350, due in early 2016" ...

• New Live Nation JV to Promote Concerts in Hong Kong Singapore

  ) has announced that it has formed a joint venture withLushington Entertainments to promote concerts in the countries. The first joint effort will be a Linkin Park concert in Hong Kong on Aug. 15. Lushington has been operating in the region since 1990, whileLive Nation commenced operations inHong KongandSingaporein 2005. The formerwas established to promoteEric Clapton's first Asian tour, ...

• Hong Kong The InterContinental Hotels Bounty Of Rooms With A Sensational View

  The sharply angled facade of the InterContinental Hong Kong is one reason why so many rooms have such spectacular harbor views. (Photo credit: Wikipedia) Here's his first swing: H-VQ or Harbor-View Quotient, which is the number of rooms that have a bona-fide view of a harbor divided by the total number of hotel rooms. If a hotel had only harbor-view rooms, the H-VQ would be one. For most ...

• Hong Kong launches plan to tackle waste crisis

  HONG KONG (AFP) - Hong Kong on Monday launched a ten-year plan to reduce waste by 40 percent per person as part of efforts to catch up with other leading Asian cities and avert a looming environmental crisis.With a population of more than 7 million, the city currently sends 1.27 kg (2.8 pounds) per person per day to three huge outdoor landfill sites which are set to reach capacity by 2020.The ...

• Avian flu Hong Kongs rubber duck deflates

  Duck soup: Florentijn Hofman's Rubber Duck floats - flattened - in Hong Kong's Victoria harbour, prompting a slew of conspiracy theories. Photograph: Jerome ...

• Hong Kong shares 0.50 per cent higher

  Hong Kong shares finished 0.50 per cent higher after record-setting gains on Wall Street following bullish comments from a prominent hedge fund manager.The benchmark Hang Seng Index added 113.96 points to end at 23,044.24 on turnover of HK$54.87 billion ($7.14 billion).US stocks surged to new all-time closing highs Tuesday on renewed optimism after a prominent hedge fund manager said the stock ...

• First Major Hong Kong Business Mission in Kazakhstan | HKTDC

  Some 30 companies and 36 businesspeople from Hong Kong are in Kazakhstan looking for trade, investment and partnership opportunities with Kazakhstan companies. The five-day business mission, which continues through 24 May, was organised by the Hong Kong Trade Development Council (HKTDC). The mission is supported by the Hong Kong General Chamber of Commerce and the Kazakhstan Consulate to Hong ...

• ExCo meeting suspension valid

  The Executive Council Secretariat says there will be no Executive Council meeting on May 21, because there are no agenda items.The statement was made today in response to media enquiries, and the arrangement was agreed upon by its members at the weekly meeting on May 14.It said the Government attaches great importance to the council's work, which deals with items submitted by policy bureaus ...

• Health chief attends WHO assembly

  Secretary for Food & Health Dr Ko Wing-man attended the World Health Organisation's 66th World Health Assembly in Geneva today, as a member of the China delegation.Dr Ko met with Minister of the National Health & Family Planning Commission Li Bin and Macau's Secretary for Social Affairs & Culture Cheong U to discuss the latest avian influenza A(H7N9) situation on the ...

• Man treated for flesh-eating disease

  The Centre for Health Protection is investigating a case of necrotising fasciitis, or flesh-eating disease, involving a 43-year-old man.He was pricked by a fish while working in a restaurant on May 8 and fell ill the following day. He was admitted to hospital on May 10.He tested positive for Vibrio vulnificus, a type of bacteria that causes necrotising fasciitis. He is in stable ...

• CAPO gets ISO certification

  The Complaints Against Police Office (CAPO) was given ISO (International Organisation for Standardisation) 10002:2004 "Quality Management - Customer Satisfaction" Certification today.The certificate recognises the office's commitment to ensuring a professional and transparent approach in handling complaints.Speaking at the certificate presentation ceremony, Assistant Commissioner ...

• Hong Kong Jewellery and Gem Fair is Going Mobile

  UBM Asia announced the launch of a mobile application for its Hong Kong Jewellery and Gem Fairs. Powered by the show's official online media, JewelleryNetAsia, the Mobile Buyer Guide will be available to visitors and exhibitors of June Hong Kong Jewellery and Gem Fair in Hong Kong (20-23 June, 2013) and subsequently for the September edition as well. ...

• UPI Thoroughbred Racing Roundup

  There will be no Triple Crown winner again this year, but Orb's defeat in the Preakness Stakes does tee up an interesting summer of racing. Meanwhile, some other potential stars, including Last Gunfighter and Fiftyshadesofhay, emerged from the weekend of racing at Pimlico. Hong Kong horses ran off with both of Singapore's International Group 1 races, Farhh provided a bright spot for ...

• UPDATE 1-Goldman exits Chinas ICBC seven years and billions later

  The sale by Goldman would be the final chapter in the Wall Street bank's investment into China's ICBC. Prior to its 2006 IPO, ICBC was a technically insolvent state institution, reeling from the bad loans that saddled China's financial ...

• Govt unveils waste plan

  The Government today unveiled a comprehensive 10-year management plan to tackle Hong Kong's waste crisis.The Hong Kong: Blueprint for Sustainable Use of Resources 2013-2022 analyses the challenges and opportunities for waste management in Hong Kong, and maps out strategies, targets, policies and action plans.Speaking at a press conference, Secretary for the Environment KS Wong said the plan ...

• Interest rate steady at 0.25

  The composite interest rate was 0.25% at the end of April, matching its level at the end of March, the Monetary Authority said today.The composite interest rate is a weighted average interest rate of all Hong Kong dollar interest bearing liabilities, which include deposits from customers, amounts due to banks, negotiable certificates of deposit and other debt instruments, and Hong Kong dollar ...

• Jobless rate stays at 3.5

  The seasonally adjusted unemployment rate was 3.5% in the February-April period, the same as that for January-March, while the underemployment rate also remained unchanged at 1.6%, the Census & Statistics Department announced today.Increases in the unemployment rate were mainly observed in the retail, manufacturing, and accommodation and food services sectors, while decreases were mainly ...

• Hong Kong Mercantile Exchange closes gold silver electronic trading platform

  HONG KONG | Mon May 20, 2013 5:04am EDT HONG KONG May 20 (Reuters) - The Hong Kong Mercantile Exchange, operator of an electronic platform for trading in gold and silver futures, has given up its licence from the local securities regulator to provide automated trading services. The Securities and Futures Commission said in a statement the Hong Kong-based operator had decided to ...

• CE meets Guizhou officials

  Chief Executive CY Leung met Guizhou Provincial Committee Secretary Zhao Kezhi and Guizhou Governor Chen Min'er at Government House today.Mr Leung welcomed their visit to attend the opening of the Guizhou-Hong Kong investment and trade week, and wished the event every success.He said Hong Kong and Guizhou have close economic and trade relations, and the two places can complement each ...

• Hang Seng rallies 1.7pc to close

  (11 mins ago) Hong Kong shares finished 1.78 percent higher on Monday following a three-day weekend, reflecting a bullish mood on Wall Street which ended last week at another all-time high. The benchmark Hang Seng Index added 410.35 points to end at 23,493.03 on turnover of HK$69.06 billion, AFP reports. Chinese shares closed up 0.75 percent on Monday as investors hunted for bargains in ...

• Hong Kong shares close up 1.8 pct at highest since early February

  HONG KONG May 20 (Reuters) - Hong Kong shares jumped to their highest since early February on Monday, led by Chinese cyclical counters, as investors chased a resurgent mainland China market which stretched a winning streak into a fourth ...

• Hong Kong June CPI climbs to 5.6 pct on rising rents and pork prices

  Hong Kong's Consumer Price Index (CPI) in June climbed to 5.6 percent from a year ago, higher than the 5.2 percent rise in May, mainly due to the enlarged increases in private housing rentals, as well as the charges for household services and the prices of pork, the city's statistics department said here on Thursday. Netting out the effects of all the one-off relief measures from the ...

• Hong Kong IPO Pipeline - May 20

  HONG KONG, May 20 (Reuters) - The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at elzio.barreto@thomsonreuters.com or (+852) 2843-1608 to submit entries for this diary. Click on the square bracket for the latest story. ** Denotes new entry or update ^ Information based on local media ...

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