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  1. News - Hong Kong

    Hong Kong govt silent on Snowden’s fate as lawmakers call for China to decide

    Posted Jun 22nd 2013, 12:33pm by Agencies in Hong Kong

    ... Hong Kong authorities were silent on Saturday on the fate of a former US National Security Agency (NSA) contractor ahead of an expected extradition request by the United States where he has been charged with spying. But a Hong Kong newspaper said he was under police protection. Edward Snowden was charged with theft of US government property, unauthorised communication ...

    http://www.scmp.com/news/hong-kong/article/1266580/hong-kong-govt-silent-snowdens-fate-lawmakers-call-china-decide
  2. News - Business - FINANCIAL MARKETS

    Hong Kong Mercantile Exchange closes its doors

    Posted May 19th 2013, 12:00am by NICK EDWARDS

    ... Commodities exchange shuts its doors The Hong Kong Mercantile Exchange will go ahead with a planned US$100 million rights issue and be ready within months to reapply for the trading licence it handed ... almost two years ago to the day on May 18, 2011. In contrast, the London Metal Exchange, owned by Hong Kong Exchanges and Clearing, saw record volume in April of 14.5 million lots traded. ...

    http://www.scmp.com/news/article/1240917/hong-kong-mercantile-exchange-closes-its-doors
  3. Business - Banking & Finance - TRADING

    Hong Kong Mercantile Exchange fails amid dearth of gold futures trading

    Posted May 20th 2013, 12:00am by Eric Ng, Enoch Yiu

    ... Eric Ng and Enoch Yiu Market players say Hong Kong Mercantile Exchange unable to compete with more established rivals, with trading in its gold futures very thin HKMEx closure brings no surprise The Hong Kong Mercantile Exchange's failure to come up with a viable gold futures business proved to be its undoing as it wilted under competition from more established domestic ...

    http://www.scmp.com/business/banking-finance/article/1241466/hong-kong-mercantile-exchange-fails-amid-dearth-gold
  4. News - Hong Kong - CRIME

    Ill-fated Hong Kong Mercantile Exchange simply could not compete

    Posted May 23rd 2013, 12:00am by Enoch Yiu

    ... closure of the short-lived Hong Kong Mercantile Exchange (HKMEx) raised questions about its governance and regulatory oversight, but the key to its demise was a simple inability to compete. ... was seen by analysts as an official endorsement of fresh competition in financial markets. Hong Kong Exchanges and Clearing had monopoly status in stock trading, while the Chinese Gold and Silver ...

    http://www.scmp.com/news/hong-kong/article/1243722/ill-fated-hong-kong-mercantile-exchange-simply-could-not-compete
  5. Business - Money

    China shares fall in sharp reversal, Hang Seng slips

    Posted Jan 24th 2013, 05:28pm by Reuters in Hong Kong

    ... Apple suppliers hit by disappointed quarterly revenue results Hong Kong shares slipped for a second-straight day on Thursday, falling further away from chart resistance that had stymied ... profit on recent outperformers, triggering a sharp intra-day reversal that left benchmark indexes vulnerable to further losses in the near term. Weakness in mainland markets dragged on Hong Kong ...

    http://www.scmp.com/business/money/markets-investing/article/1135226/china-shares-fall-sharp-reversal-hang-seng-slips
  6. HKMA sold HK$7.4 billion in 3 interventions on Thursday

    Posted Nov 02nd 2012, 08:12am by Reuters in Hong Kong

    ... The Hong Kong Monetary Authority (HKMA) stepped into the currency market during New York hours on Thursday, its third intervention for the day, as the local currency repeatedly hit the strong end of its trading range. It sold HK$2.751 billion ($355 million) in Hong Kong dollars in the latest move, bringing the total injection for the day to HK$7.4 billion, data showed. ...

    http://www.scmp.com/article/1074491/hkma-sold-hk74-billion-3-interventions-thursday
  7. Business - Companies

    Graft trial adjourns for billionaire Kwok brothers

    Posted Oct 12th 2012, 12:53pm by Reuters in Hong Kong

    ... The billionaire Kwok brothers’ corruption trial was adjourned on Friday until January to allow the prosecution more time to gather evidence in Hong Kong’s highest-profile graft case ... corruption in the government and police. Thomas and Raymond Kwok run Sun Hung Kai Properties, the world’s second-largest property developer by stock-market value. The Kwok family is Hong Kong ...

    http://www.scmp.com/business/companies/article/1059470/hong-kongs-billionaire-kwok-brothers-face-court-graft-charges
  8. News - Hong Kong

    Jackie Chan’s China appointment draws Hong Kong ire

    Posted Mar 02nd 2013, 02:24pm by Agence France Press in Hong Kong

    ... Hong Kong action star Jackie Chan this week joins China’s top political advisory body in a move analysts say highlights Beijing’s growing “soft power” efforts to project unity between ... was a campaign to promote a strong and peaceful homeland, unified with Taiwan. China’s growing clout over the past decade has seen actors from Hong Kong and Macau drafted into patriotic movies ...

    http://www.scmp.com/news/hong-kong/article/1169587/jackie-chans-china-appointment-draws-hong-kong-ire
  9. Comment - Insight & Opinion

    Impartiality key in handling Mercantile Exchange case

    Posted May 23rd 2013, 12:00am

    ... SCMP Editorial Impartiality key in HKMEx case The controversy surrounding Executive Councillor Barry Cheung Chun-yuen has deepened with a police investigation into the failed Hong Kong Mercantile Exchange he set up. On Tuesday, three men, none of whom worked for Cheung, were arrested by commercial-crime investigators for possessing false documents and using a false instrument. ...

    http://www.scmp.com/comment/insight-opinion/article/1243732/impartiality-key-handling-mercantile-exchange-case
  10. Business - Companies

    CK Life Sciences buys top Australian salt producer

    Posted Nov 29th 2012, 03:13pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asia’s richest man Li Ka-shing is buying Australia’s largest salt producer Cheetham Salt in a deal worth US$157 million, a subsidiary of his Cheung Kong ... Kong Life Sciences chief executive officer Kam Hing-lam said in a statement. CK Life Sciences, chaired by Li’s eldest son and heir to his Cheung Kong conglomerate, Victor, is involved ...

    http://www.scmp.com/business/companies/article/1093823/ck-life-sciences-buys-top-australian-salt-producer

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