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Hong Kong news

HK-Malaysia double taxation pact broached

Briefing

Financial Secretary John Tsang and Malaysian Prime Minister Najib Razak have agreed to form a double taxation agreement between Hong Kong and Malaysia.

Sotheby's Hong Kong to Hold 20th Century Chinese Art Spring Sale

Briefing

Sotheby’s Hong Kong 20th Century Chinese Art Spring Sale 2010 will be held on 5 April, offering a meticulous selection of more than 65 lots estimated at approximately HK$75 million.

HK could be RMB's global springboard

Briefing

Hong Kong could be used as a trial ground before the Chinese renminbi (RMB) leapfrogs to the international markets as a transaction currency, said a former central bank official in Beijing on Monda

DHL invests in Hong Kong hub

Briefing

DHL is set to invest HK$360 million (£27 million) to expand its operations into a single, multi-user facility for DHL Supply Chain to accommodate growth in Hong Kong.

Multimedia project wins mega event funds in Hong Kong

Briefing

The Mega Events Fund Assessment Committee will grant a maximum of $2 million to support multimedia arts project Hope & Glory.

Hong Kong Home Sales Rise to Highest in Five Months

Briefing

Hong Kong’s home sales jumped to the highest level in five months as an economic rebound and the lowest borrowing costs in at least 20 years spur demand.

Hong Kong a hot market for Calif. wines

Briefing

A drop in tariffs and a growing interest in California varietals is making Hong Kong one of the fastest-growing markets for U.S. winemakers.

HSBC's Asia moves may force StanChart

Briefing

HSBC Holdings Plc’s decision to move Chief Executive Officer Michael Geoghegan and three more top bankers to Hong Kong from London may force Standard Chartered Plc to follow its example, money mana

Rugby Fans Prepare for Hong Kong Sevens

Press Release

The 2010 Cathay Pacific/Credit Suisse Hong Kong Sevens, one of the biggest annual sporting events in the region, is fast approaching.

Russia’s Deripaska plans new Hong Kong IPO

Briefing

Russian billionaire Oleg Deripaska could list another of his firms in Hong Kong in his latest effort to raise capital following the IPO of metals giant UC Rusal, a banking source said.