Investors keeping heir cash in the city
One out of every two investors in Hong Kong puts more than 90 per cent of their capital into local investments, a survey by wealth-management firm MassMutual Asia has found. On average, about 80 per cent of the capital is invested in Hong Kong and on the mainland. The findings also show about 70 per cent of respondents made investments in the past 12 months, 74 per cent of whom invested in stocks and 59 per cent purchasing funds. The telephone survey of 1,000 people was conducted in the first quarter of this year by the public opinion programme at University of Hong Kong.
Traditional care clinic proposed
The Hong Kong Federation of Trade Unions is considering building a Chinese medical hospital. Its chairman, Wong Kwok-kin, said the federation had approached the government about the plan and would collaborate with Guangdong Provincial Hospital of Traditional Chinese Medicine if the proposal went ahead. Of the 800,000 patients who visited the federation's clinics every year, more than half wanted to see a traditional Chinese medicine practitioner, Mr Wong said.
HK fisherman released by Manila
A Hong Kong fisherman and his crew of more than 20 mainlanders have been released by the Philippine authorities, 18 months after they allegedly entered Philippine waters illegally. It is not known when Kwok Tai-hei and his crew will arrive back in Hong Kong.
Housing Authority picks member
Sha Tin district councillor Yeung Sin-hung has been appointed a member of the Housing Authority. She is already a member of the authority's subsidised housing committee. She joins 11 other reappointed members. Their two-year terms start on April 1.
Retraining board appoints bosses
Michael Tien Puk-sun has been reappointed chairman of the Employees Retraining Board and Ng Tat-lun the vice-chairman. The appointments take effect from April1.