By Tu Lei in Beijing and Dai Ping in Hong Kong The Chinese government started a sale of 6 billion yuan ($879 million) worth of bonds in Hong Kong Monday, a move aimed to improve the international status of its currency, according to the Ministry of Finance (MOF). This is the first time the centra...
European bank HSBC Holdings PLC<0005><HBC> said on Friday that its Chief Executive Michael Geoghegan would relocate to Hong Kong, the lender's most strategically important market, in February 2010.The bank said it would retain its base in Britain and there is no plan to move the head office and tax...
HONG KONG, Sept 23 - Hong Kong shares ended lower on Wednesday as investors began to discount Sinopharm's debut gains and on expectations that the U.S. Federal Reserve will keep its policy rate unchanged. But...
Sportswear retailer Peak Sport Products Co Ltd, which has the largest market share in China's basketball footwear market, raised HK$1.9 billion in its initial public offering on the Hong Kong Stock Exchange, 14% more than originally projected, sources reported today.The sportswear retailer set its IPO...
China Construction Bank Corp<601939><0939>, the world's second-largest bank by market value, will lend HK$1.53 billion to fund the redevelopment of a site in Hong Kong that is jointly owned by the lender and Hong Kong-based Lai Sun Development Co<0488>, announced Lai Sun yesterday.The site is jointly...
TNT N.V., a world-leading provider of express delivery services, Friday announced that it has chosen Hong Kong to be its fourth hub in Asia, the official Xinhua News Agency reported. The company selected Hong Kong because the city is a free trade hub offering expertise and infrastructure, and because it is near the...
HONG KONG, Sept 21 - Hong Kong shares are set to ease 0.22 percent in opening trade on Monday after the index hit new highs for the year last week, and before gathering momentum for...
Sept 18 - Hong Kong's Census and Statistics Department issued the following data on Friday on the estimated value of the territory's outward processing trade with China in the second quarter of 2009. Outward processing...
MOF planned to issue 6 billion yuan treasury bonds in Hong Kong
By Zhang Nan The Ministry of Finance announced Tuesday that the central government will issue yuan-denominated treasury bonds totaling 6 billion yuan ($878.4 million) in Hong Kong on September 28. It has taken years for the bonds to be available in the special administrative region, but the amoun...