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1. HK unemployment rate down to 5.2% in Aug-Oct
Hong Kong's seasonally adjusted unemployment rate was 5.2% during the period from August to October, 0.1 percentages point lower than 5.3% in the three-month period from July to September, according to the latest labor force statistics released by the SAR's Census and Statistics Department.Decreases in the...
19 Nov 2009
2. Hang Seng Index down 0.86% on Thu
Hong Kong stocks fell on Thursday. The Hang Seng Index, the benchmark, opened 54 points higher at 22,894. After touching the intraday low of 22,587.18 points, the blue-chip Hang Seng Index fell 197.17 points or 0.86% to close at 22,643.16. Mainboard turnover rose to HK$69.28 billion. The Hang Seng China...
19 Nov 2009
3. Hang Seng Index down 0.32% on Wed
Hong Kong stocks fell on Wednesday. The Hang Seng Index, the benchmark, opened 60 points higher at 22,974.36. After touching the intraday low of 22,645.74 points, the blue-chip Hang Seng Index fell 73.82 points or 0.32% to close at 22,840.33.Mainboard turnover rose to HK$76.69 billion.The Hang Seng China...
18 Nov 2009
4. Poly HK buys land in 2 mainland cities
Poly (Hong Kong) Investments Ltd<0119>, a subsidiary of state-owned China Poly Group Corp, on Monday announced that it won the bids for two pieces of land, one in Guangzhou, Guangdong Province and one in Liuzhou, Guangxi Zhuang Autonomous Region for RMB 2.12 billion in total, sources reported.The...
17 Nov 2009
5. Hong Kong Airport sees cargo volume rise 1.3% in Oct
Cargo volume at Hong Kong International Airport in October grew 1.3% year on year, reflecting the first rise in 14 months, the Airport Authority Hong Kong said on Sunday, sources reported.The airport handled 324,000 tons of cargo last month, said the authority in a statement.In the first ten months of this year, the...
17 Nov 2009
6. TCL, Shenzhen Century Science to launch 8.5G LCD panel project
TCL Corp<000100>, a major Chinese TV and mobile phone manufacturer, and Shenzhen Century Science & Technology Investment Co Ltd yesterday jointly announced a plan to build an 8.5-generation liquid crystal display panel plant in Shenzhen, a key city in Guangdong Province, sources reported.The two...
17 Nov 2009
7. Li Ka-shing raises stake in Hutchison Telecom HK to 62.04%
Hong Kong business tycoon Li Ka-shing recently raised his shareholding in Hutchison Telecommunications Hong Kong Holdings Ltd<0215> to 62.04% from the previous 61.99%, according to the Stock Exchange's SDI information.The information showed that Li on Nov. 11 bought 2.4 million shares...
17 Nov 2009
8. Hang Seng Index down 0.13% on Tue
Hong Kong stocks dipped on Tuesday. The Hang Seng Index, the benchmark, opened 56 points higher at 23,000. After touching the intraday low of 22,798.02 points, the blue-chip Hang Seng Index dipped 29.83 points or 0.13% to close at 22,914.15.Mainboard turnover rose to HK$71.59 billion.The Hang Seng China...
17 Nov 2009
9. Huawei sets up 2 training centers in Indonesia
Huawei Technologies Co Ltd, a major telecom equipment vendor in China, has set up two major training centers and a research and development center in Indonesia, the official Xinhua News Agency reported, citing a senior company official as saying.1,500 Indonesian telecom technicians are expected to graduate...
16 Nov 2009
10. Shenzhen Expressway buys partial rights in Guangzhou-Shenzhen freeway
Shenzhen Expressway Co Ltd<600548> has announced that it will build part of a 90-kilometer expressway that will run from Huangpu District, Guangzhou to Nanshan District, Shenzhen, sources reported. Shenzhen Expressway will build a 30.5-km stretch of expressway from Dongbao River to Nanshan District...
16 Nov 2009
11. Hong Kong's GDP down 2.4% in Q3
Hong Kong's gross domestic product saw a decline of 2.4% year on year in the third quarter, a drop less than the 3.6% decrease recorded in the second quarter, according to statistics released by the government of the Hong Kong Special Administrative Region.The third-quarter decline in GDP was more...
16 Nov 2009
12. Tethys Petroleum mulls HK listing in Q1 of 2010
Canada-based oil and gas company Tethys Petroleum has filed an application with the Hong Kong Stock Exchange to list on the bourse in the first quarter of 2010, the Oriental Daily reported on Friday, citing market sources as saying.The upstream energy firm, which focuses on Central Asia, plans to raise as...
16 Nov 2009
13. Hang Seng Index up 1.73% on Mon
Hong Kong stocks rose on Monday. The Hang Seng Index, the benchmark, opened 236.36 points higher at 22,789.99. After touching an intraday low of 22,770.69 points, the blue-chip Hang Seng Index rose 390.35 points or 1.73% to close at 22,943.98.Mainboard turnover rose to HK$76.36 billion.The Hang Seng China...
16 Nov 2009
14. China's Umessage eyes listing in Hong Kong or US
Umessage Co Ltd, a Beijing-based mobile telecom services provider, plans to launch an initial public offering in Hong Kong or the U.S. in two years' time, a top company executive said on Wednesday, Reuters reported. The executive, who declined to be named, also said the company expects to gain US$100 million...
13 Nov 2009
15. Guangzhou selling Asian Games Village for RMB 16.5 bln
Guangzhou, the capital of Guangdong Province, is selling the Asian Games Village for RMB 16.5 billion or RMB 3,767 per square meter of potential floor area, according to a statement released by Bureau of Land Resources and Housing Management of Guangzhou.The Asian Games Village, located in Panyu District...
13 Nov 2009
16. BEA shares surge on Guoco's takeover rumor
Shares of Bank of East Asia<0023> surged for two consecutive days since Wednesday on market rumor which says Malaysian conglomerate Guoco Group<0053> might further buy into BEA to take over the territory's largest locally-owned bank by assets, sources reported.BEA denied the rumor yesterday and...
13 Nov 2009
17. Cathay Pacific passenger volume down 3.9% in Oct
Cathay Pacific Airways Limited<0293>, the largest airline in Hong Kong, on Wednesday announced that its passenger volume fell 3.9% from a year ago in October, sources reported.The carrier said in a statement that the combined passenger numbers for Cathay Pacific and its affiliate Dragonair were 2.01 million last...
13 Nov 2009
18. Hang Seng Index finishes 0.11% higher at midday
Hong Kong stocks climbed 24.2 points or 0.11% to end the morning session at 22,421.77 points, with mainboard turnover standing at HK$41.24 billion.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange...
13 Nov 2009
19. Controlling shareholder may sell stake in Taifook Securities
Taifook Securities Group<0665>, a Hong Kong-based investment holding company, announced that its controlling shareholder, NWS Holdings Ltd<0659>, is in talks to sell part or all of its shareholding in the company, according to Taifook Securities' filing with the Hong Kong Stock Exchange.NWS Holdings is...
13 Nov 2009
20. Star Lake Bioscience to issue 50 mln shares
Star Lake Bioscience Co Inc Zhaoqing Guangdong<600866>, which is engaged in the production and sale of raw chemicals, pharmaceuticals, seasoning products and feed additives, earlier this week announced that it would issue up to 50 million shares to not more than ten investors.The company said in...
13 Nov 2009
 
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