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May 1, 2013

HONG KONG News, May 01, 2013

Hong Kong: big property bubble in little China
Telegraph.co.uk
A British colony from 1898 until 1997, Hong Kong was always a busy trading centre, popular with fishermen, pearl hunters and Western traders, serving as the gateway between old China and the rest of the world. The area is now a Special Administrative ...
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Telegraph.co.uk
Hong Kong-based Richland to shut hedge funds in surprise move
Reuters
HONG KONG | Mon Apr 29, 2013 10:52pm EDT. HONG KONG (Reuters) - Hong Kong-based Richland Capital Management Ltd is shutting down its hedge funds despite outperforming peers, four sources said, an unexpected move for a successful operator in ...
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Hong Kong tightens bird flu defenses
CNN
Hong Kong (CNN) -- Officials wielding infrared thermometers are becoming more difficult to avoid at entry points from mainland China as Hong Kong strengthens its defenses against the H7N9 strain of bird flu. Extra measures are being taken this week ...
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Hong Kong Labor Day Protesters Back Dockers' Struggle Against Li
Businessweek
Thousands of Hong Kong residents took to the streets today for Labor Day marches to petition for better labor conditions and in support of strike action by workers at docks operated by billionaire Li Ka-shing. An estimated 2,600 people joined in a ...
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Hong Kong's Richest Man Can't Kick Out Protesters, Yet
Wall Street Journal (blog)
A Hong Kong court said that one of the city's biggest conglomerates couldn't stop striking dock workers from camping at its doorstep—at least for now—in what protesters hailed as a temporary victory Friday. Hundreds of city port workers have been on ...
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Wall Street Journal (blog)
Hong Kong boat crash report finds 'systemic failings'
BBC News
A report into a Hong Kong boat crash which killed 39 people says "systemic failings" in the marine department contributed to the accident. The report criticised "a litany of errors", such as a lack of lifejackets for children and the absence of a ...
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BBC News
Hong Kong shares hit three-week high, China creeps higher
Reuters
HONG KONG, April 25 (Reuters) - Hong Kong shares climbed to their highest in three weeks on Thursday, spurred by recovering commodity prices and positive quarterly earnings from China Minsheng Bank, the country's seventh-largest lender. At midday ...
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In Hong Kong, this Labour Day lives up to its name
South China Morning Post
Hong Kong workers marking the Labour Day with protests is nothing new. As in the past, they take to the streets with different demands - higher wages, better benefits and job protection. This year, the tension between workers and bosses seems ...
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Tiny city remains crucial market for Swiss exports
Financial Times
Famously defying the ongoing slump, the value of Swiss exports continues to rise (up 10.9 per cent last year), but what is more intriguing is the steady growth in Hong Kong's slice of the Swiss pie, which was only 15.8 per cent as recently as 2007 ...
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Hong Kong Airline to Join Budget Market
Wall Street Journal
The shift in Hong Kong Express's business follows weakened demand for full-service flights and first- and business-class seats amid the global economic slowdown. Asia's largest airlines have been quick to take advantage of the growing demand for budget ...
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Ping An's Hong Kong Unit to be IPO Underwriter
Wall Street Journal
HONG KONG—Chinese insurer Ping An Insurance (Group) Co. of China Ltd.'s Hong Kongbrokerage will soon underwrite initial public offerings, at a time when the city, once the world's hottest for IPOs, is struggling to attract new listings. Ping An ...
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Hong Kong police arrest four over 'triad' murder
The Star Online
HONG KONG: Hong Kong police said Monday they had arrested four people over the killing of an alleged triad boss who was hacked to death outside a public hospital in front of horrified onlookers. The gruesome murder took place shortly after noon on ...
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Hong Kong IPO Pipeline - April 29
Reuters
HONG KONG, April 29 (Reuters) - The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at elzio.barreto@thomsonreuters.com or (+852) 2843-1608 to ...
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Wigged Out: Hong Kong's Lawyers Bristle Over Horsehair Headpieces
Wall Street Journal
In hypermodern Hong Kong, a debate over 17th-century fashion is dividing the city's legal circles. The city's lawyers are among the last in the world to wear judicial wigs, those curly, horsehair headpieces that are a legacy of more than 150 years of ...
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Hong Kong's pursuit of luxury defies Western gloom
Channel News Asia
HONG KONG, China - A gold, diamond-encrusted iPhone gleams in the window at a shopping mall in Hong Kong, its US$25,000 price tag a symbol of the city's luxury excesses fuelled by cash-rich Chinese tourists and wealthy locals. The custom-built device ...
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Channel News Asia
ASIA MARKETS: Australia Stocks Advance; Hong Kong Vo
Fox Business
LOS ANGELES – Australian stocks rose Monday, with financial issues helping lead the advance, whileHong Kong stocks swung between modest losses and gains at the start of a holiday-shortened week. Australia's S&P/ASX 200 advanced 0.6% to 5,126.40, ...
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Hong Kong Says Pearl River Delta Air Pollutants Drop on Controls
Bloomberg
The annual concentration levels of sulphur dioxide, nitrogen dioxide, ozone and suspended particulates fell from 5 percent to 25 percent in 2012 from the year before, according to a report by the environment departments from Hong Kong and China's ...
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Hong Kong stocks rise as banks, energy advance
MarketWatch
LOS ANGELES (MarketWatch) - Stocks in Hong Kong rose Thursday, with financial and energy shares contributing to a gain for the equity benchmark. Hong Kong's Hang Seng Index (HK:hsi) rose 107 points, or 0.5%, to 22,290.40 and the Hang Seng China ...
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Hong Kong banking regulator beefs up anti-money laundering push
Reuters
HONG KONG, April 25 (Reuters) - Hong Kong's banking regulator said on Thursday it was doubling the size of its anti-money laundering team to strengthen supervision amid intensifying scrutiny of monitoring and compliance systems at global financial ...
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Hong Kong shares climb to six-week high, China weak ahead of holiday
Business Recorder (blog)
But gains in Hong Kong came in weak turnover this week, which was some 13 percent below this year's average, on a weekly basis. Shanghai volumes in April were its weakest since November. "Volumes are still low, but the earnings season is showing ...
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Swire Sees Some Pressure on Hong Kong Office Rents
Wall Street Journal
HONG KONG—Rental rates for Swire Properties Ltd.'s Hong Kong office portfolio could come under pressure from the dearth of big-ticket deals that have boosted the city's financial sector in recent years, company Chairman Chris Pratt said. Swire, one of...
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Wall Street Journal
Tiger Asia Loses Challenge to Hong Kong Regulator's Power (2)
Businessweek
Chief Justice Geoffrey Ma of Hong Kong's Court of Final Appeal today dismissed Tiger Asia's bid after hearing about two hours of arguments and without calling on the city's Securities and Futures Commission to respond. He said written reasons would be ...
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Hong Kong people can't just wait around for democracy; they must act
South China Morning Post
One person, one vote, according to international standards, will come when leaders in Beijing are assured that Hong Kong people will elect whomever Beijing wants to be the chief executive and Hong Kong people vote for the pro-Beijing parties to form ...
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Hong Kong shares expected to open steady, Q1 earnings loom
Reuters UK
HONG KONG, April 25 (Reuters) - Hong Kong shares could start steady on Thursday ahead of a slew of first quarter earnings from bellwether Chinese companies ranging from Chinese oil majors PetroChina and Sinopec Corp to Bank of China.
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Hong Kong-funded schools survive Sichuan earthquake
South China Morning Post
The quality of Hong Kong-funded reconstruction projects five years after a much stronger quake hit the region is at the centre of a growing public debate in Hong Kong. As a result, a proposal by theHong Kong government to donate HK$100 million to the ...
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Hong Kong Retains Allure as Retail Mecca
New York Times (blog)
HONG KONG — Amid bouquets, camera-wielding photographers and a bustling crowd of curious onlookers, Uniqlo opened a flagship store in the heart of one of Hong Kong's busiest shopping districts on Friday – underlining the city's unrelenting attraction ...
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New York Times (blog)
Hong Kong art shows its global creative colours
South China Morning Post
A distorted life-sized taxi, a symphony of sounds made by MTR turnstiles, five women dressed up asHong Kong's five tallest buildings. These are just a few of the Hong Kong-inspired contemporary art pieces at an exhibition that opens today. The Hong ...
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Hong Kong: Baby milk smugglers from China top heroin traffickers ...
By Liza Lin and Julie Cruz, Bloomberg News
In Hong Kong, baby milk smugglers from China top heroin traffickers. Liza Lin and Julie Cruz, Bloomberg News | 13/04/26 | Last Updated: 13/04/26 6:51 PM ET More from Bloomberg News. Sales of baby formula in China grew 29% to 95.2 ...
Financial Post - Top Stories
Military Attack Lifts QEII in Hong Kong | BloodHorse.com
By By -
BloodHorse.com | Horse Racing News · Register | Sign In · Click Here! Subscribe · Give A Gift · Newsletters · News Alerts · Home · News · Racing ... Hong Kong Derby winner Akeed Mofeed was a disappointment, finishing fifth, and New Zealand- bred Ambitious Dragon, two-time Hong Kong Horse of the Year, settled for sixth after being roughly cut off in mid-stretch by California Memory. Military Attack, owned by Steven Lo Kit Sing, now is pointed in three weeks' time for the Singapore ...
Thoroughbred News | BloodHorse.com
ILWU Longshore Division sends $20,000 to Hong Kong ...
By Global News Sources / ILWU Coast Longshore Division
Click to download the original letter Brother Cheuk-yan: The ILWU Coast Longshore Division recently met in Caucus with 81 democratically elected delegates.
Longshore & Shipping News
Towering Hong Kong Buildings From Below - Visual News
By Shawn Saleme
Hong Kong is a city of many towers, so much so that often it can be hard to see the sky as the massive buildings consume much of it. Photographer Romai.
Visual News
CASSHing-Out - ETF Daily News
By David Bettencourt
Russ Koesterich: In late 2011, I introduced the concept of investing in the CASSH countries – Canada, Australia, Switzerland, Singapore and Hong Kong. These smaller, developed countries exited the financial crisis with less debt and ...
ETF DAILY NEWS
Six giant inflatable sculptures installed next to M+, Hong Kong's ...
A journalist (bottom R) walks past a sculpture by Chinese artist Cao Fei titled "House of Treasures" during a press preview of the Mobile M+: Inflation! exhibition in Hong Kong on April 24, 2013.. Mobile M+: Inflation! presented six giant ...
Recent News on Artdaily.org
Chinese Corruption Spreading to Hong Kong “Like SARS & Avian ...
By Oiwan Lam
Hong Kong newspaper headlines said Timothy Tong had hosted officials from the the Liaison Office of the Central People's Government in Hong Kong more than 20 times when he was head of ICAC. Screen caption from Now news ...
Global Voices
Hong Kong losing its competitive edge, Beijing warns | South China ...
Top official hopes city will forge ahead, but is accused of trying to divert attention from reform.
m.scmp.com/.../hong-kong-losing-its-competitive-edge-beijin...
Worship Symposium in Hong Kong - News and Stories - Calvin ...
Calvin College, located on a 400-acre campus in Grand Rapids, Michigan, is a top-rated, four-year, Christian liberal arts college offering 100 majors and ...
www.calvin.edu/news/.../worship-symposium-in-hong-kong
Inflatable Stonehenge Replica In Hong Kong - Sky News
Mock-ups of a pig and a cockroach sit alongside a replica of Stonehenge that visitors can jump on in an international exhibition.
news.sky.com/story/1082435
Eyewitness: Hong Kong | World news | guardian.co.uk - The Guardian
Photographs from the Guardian Eyewitness series.
www.guardian.co.uk/world/picture/.../eyewitness-hong-kong
Reds look to Hong Kong for new boss - Australia News - Australian ...
ADELAIDE United are set to announce Josep Gombau as their new coach, au. fourfourtwo.com can reveal.
au.fourfourtwo.com/.../270019,reds-look-to-hong-kong-for-n...
Hong Kong tightens bird flu defenses | News - Home - WKMG
Officials wielding infrared thermometers are becoming more difficult to avoid at entry points from mainland China as Hong Kong strengthens its defenses against ...
www.clickorlando.com/news/Hong-Kong.../-/index.html
Pop icons sing for Hong Kong - News.gov.hk
The "Hong Kong: Our Home" Campaign theme song was launched today, sung by two of the city's biggest pop stars - Jacky Cheung and Eason Chan. Sail On is ...
www.news.gov.hk/en/categories/.../20130430_142148.shtml
Striking Hong Kong dockers block road, refuse to leave ... - Fox News
Hong Kong dockworkers briefly blocked a road and refused on Thursday to stop camping out at a tower owned by the city's richest man, as their bitter strike ...
www.foxnews.com/.../striking-hong-kong-dockers-block-road...
News » Crédit Agricole CIB in Hong Kong participates in Charity ...
Crédit Agricole CIB in Hong Kong participates in Charity Ramp Run to help children in need.
www.ca-cib.com/.../credit-agricole-cib-in-hong-kong-participa...
Hong Kong rejects sending aid to China quake victims (UPDATE ...
Hong Kong residents recall the $150 million they sent to Sichuan after the 2008 quake that wound up paying for government banquets.
www.globalpost.com/.../hong-kong-reject-aid-china-sichuan-e...
Tokyo, Shanghai stocks retreat; Hong Kong gains - MarketWatch
Earnings-related news dominated trading in several regional markets including Japan, mainland China, Hong Kong and South Korea. “Global share markets are ...
articles.marketwatch.com/.../38820329_1_china-unicom-nikk...
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