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  1. Business - Economy

    Got a question about the dollar peg? We have the answers

    Posted Oct 14th 2013, 02:30pm by Hong Kong Monetary Authority

    ... Hong Kong Monetary Authority 1. What is the Linked Exchange Rate System (LERS)? The LERS was adopted in Hong Kong in October 1983. The objective of the LERS is to maintain currency stability, defined as a stable external exchange value of the currency of Hong Kong – in terms of its exchange rate in the foreign exchange market against the US dollar (USD) – at around HK$7.80 ...

    http://www.scmp.com/business/economy/article/1331435/got-question-about-dollar-peg-we-have-answers
  2. 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

    ... seekers came to Hong Kong 10 years ago and still haven’t had their protection claims assessed,” Sutherland said. Organisers of a public protest in support of Snowden last week said on Saturday ... 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 ...

    http://www.scmp.com/news/hong-kong/article/1266580/hong-kong-govt-silent-snowdens-fate-lawmakers-call-china-decide
  3. News - Hong Kong - AUCTIONS

    Sotheby’s sets record with HK$4.2bn at Hong Kong autumn sales

    Posted Oct 09th 2013, 12:46pm by Reuters in Hong Kong

    ... Reuters in Hong Kong Sales in Hong Kong considered a barometer of demand from China for expensive artworks and luxury goods Sotheby’s celebrated its 40 years of business in Asia by raising a better-than-expected HK$4.2 billion ($542 million) in Hong Kong, a record for the global auction house’s autumn sales in the city. Sotheby’s biannual sales in Hong Kong are considered a barometer of demand ...

    http://www.scmp.com/news/hong-kong/article/1327827/sothebys-sets-record-hk42bn-hong-kong-autumn-sales
  4. Lifestyle - Health - HEALTH

    Psoriasis patients seek subsidies for medication

    Posted Nov 26th 2012, 01:45pm by Reuters in Hong Kong

    ... A spokesman for the Hospital Authority, the body that oversees all public hospitals in Hong Kong, said it would have to make a detailed study before deciding if it will subsidise the treatment ... Reuters in Hong Kong When Gary Lai first came down with the skin disease psoriasis, he got so tired of the stigma he faced in the outside world that he would lock himself away in his ...

    http://www.scmp.com/lifestyle/health/article/1091104/psoriasis-patients-seek-subsidies-medication
  5. 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
  6. Business - Companies

    SHK Properties posts record profit despite scandal

    Posted Sep 13th 2012, 06:37pm by Reuters in Hong Kong

    ... Reuters in Hong Kong Sun Hung Kai Properties, the world’s second-largest real estate developer, posted earnings that narrowly beat expectations on Thursday, building on last year’s ... that they paid a senior government official to favour their interests. The Kwoks deny any wrongdoing, and Rafael Hui, a former Hong Kong chief secretary who has also been charged over the case, has ...

    http://www.scmp.com/business/companies/article/1036016/shk-properties-posts-record-profit-despite-scandal
  7. 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

    ... 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 ... 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 ...

    http://www.scmp.com/news/hong-kong/article/1068705/bruce-lees-kowloon-tong-residence-go-sale
  8. News - Hong Kong - PROPERTY

    Property agents march against cooling measures, stamp tax

    Posted Jul 07th 2013, 05:51pm by Agence France-Presse in Hong Kong

    ... Thousands of real estate agents took to Hong Kong’s streets Sunday in protest at government efforts to curb soaring property prices, saying new transaction taxes and other measures ... to scrap the Special Stamp Duty and the Buyer Stamp Duty. “There are 37,000 agents in Hong Kong and there were only 3,000 transactions last month,” said Raymond Ho, a spokesman for the rally ...

    http://www.scmp.com/news/hong-kong/article/1277368/property-agents-march-against-cooling-measures-stamp-tax
  9. Business - Money

    Asian markets slump due to fears over central bank stimulus

    Posted Jun 13th 2013, 05:39pm by Agence France-Presse in Hong Kong

    ... Agence France-Presse in Hong Kong Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six per cent, while the dollar hit 10-week lows against the yen on expectations ... cent since hitting its peak last month, putting it in a bear market. Hong Kong shed 2.19 per cent, or 467.62 points, to end at 20,887.04 while Sydney ended 0.61 per cent lower, giving up 28.7 ...

    http://www.scmp.com/business/money/market-snapshot/article/1260001/asian-markets-slump-due-fears-over-central-bank
  10. Property - Hong Kong & China - CONCRETE ANALYSIS

    Policy changes necessary to help developers avert future housing shortage

    Posted Jul 24th 2013, 12:00am by LAU CHUN KONG

    ... Certain policy changes would allow private developers a bigger role in addressing the shortfall in the city's housing supply Over the past year the Hong Kong government announced a series of measures to alleviate the housing supply shortage while simultaneously responding to vehement opposition from various parties and fending off public accusations of collusion ...

    http://www.scmp.com/property/hong-kong-china/article/1289255/policy-changes-necessary-help-developers-avert-future

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