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  1. 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
  2. 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
  3. 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
  4. Sport - Golf - GOLF

    Hong Kong Open cuts prize money

    Posted Sep 20th 2012, 02:33pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Prize money for the prestigious Hong Kong Open has been cut US$750,000 to US$2 million, organisers said on Thursday, blaming the state of the world economy. It comes despite the tournament, one of the biggest in Asia, retaining sponsor UBS, the Swiss bank. This year’s Hong Kong Open is November 15-18. “It’s one of these things that have ...

    http://www.scmp.com/sport/golf/article/1041418/hong-kong-open-cuts-prize-money
  5. News - Hong Kong

    Bruce Lee's former house in Kowloon Tong to go on sale

    Posted Oct 24th 2012, 03:58pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Kung fu legend Bruce Lee’s former residence in Kowloon will be put up for sale after a plan to turn the property into a museum dedicated to the icon ... house in Kowloon Tong has been used as a short-stay love hotel for several years. Yu could not be reached on Wednesday for comment. The kung fu star died in Hong Kong after a severe reaction ...

    http://www.scmp.com/news/hong-kong/article/1068705/bruce-lees-kowloon-tong-residence-go-sale
  6. Business - Companies - POINT OF LAW

    It's a case of buyer beware if moving into the mainland

    Posted Oct 31st 2012, 12:00am by JUSTIN WILSON, Sun Hong

    ... Justin Wilson and Sun Hong For any transaction there must be no question that what is bought is what was actually bargained for, warn partners at Norton Rose It's a case of buyer beware if moving into the mainland How well do you know and understand the target company ? It is important at the outset to understand what it is that you are buying and to ensure that you ...

    http://www.scmp.com/business/companies/article/1073377/its-case-buyer-beware-if-moving-mainland
  7. Business - Money

    Market Wrap: Hong Kong stocks gain on US easing hopes; Cheung Kong gains

    Posted Sep 12th 2012, 05:10pm by Jeanny Yu

    ... Jeanny Yu Hong Kong stocks ended higher, led by Hong Kong-based property developers, buoyed by speculation that this week's Fed meeting will announce a new round of quantitative ... director of China-Hong Kong Strategy at CLSA. The US is expected to announce its rate decision in a Fed meeting shortly after midnight on Thursday. Investors are hoping that the Fed will maintain ...

    http://www.scmp.com/business/money/stock-talk/article/1034986/market-wrap-hong-kong-stocks-gain-us-easing-hopes-cheung
  8. Hong Kong hongs gone

    Posted Feb 06th 2012, 12:00am

    ... It used to be said that Hong Kong was ruled by 'hongs' such as Jardines, Wharf and Swire, with grandees from each congregating at the Jockey Club, another great institution ... Hong Kong to Britain, open more ports to trade and legitimise trade in the narcotic. The huge profits gained from opium dealing enabled the group to expand into many other businesses, which ...

    http://www.scmp.com/article/991824/hong-kong-hongs-gone
  9. News - Hong Kong - IMMIGRATION

    Plan to limit Shenzhen-Hong Kong border crossings

    Posted Dec 28th 2012, 12:00am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Mainland authorities may restrict multi-trip permits for Shenzhen residents coming to Hong Kong in bid to curb parallel trading Plan to limit HK border crossings Mainland authorities may limit the number of times Shenzhen residents can cross the Hong Kong border in a day as part of efforts to clamp down on parallel trading. An anti-smuggling office ...

    http://www.scmp.com/news/hong-kong/article/1113775/plan-limit-shenzhen-hong-kong-border-crossings

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