Other Briefings
Autumn Canton Trade Fair Buyers Increase
GUANGZHOU, Nov. 5 – Overseas visitors to the autumn Canton Trade Fair “appeared 20 percent higher” than the previous two fairs earlier this spring and last autumn according to reports from the local office of Dezan Shira & Associates. The fair, which is now held every six months, has recently moved to larger premises, while […]
Guangzhou Taxis Drive to M&A Consolidation
GUANGZHOU, Oct. 30 – The taxi service sector in Guangzhou could see consolidation ahead of the 2010 Asian Games, as the local government has made it known they would prefer the three large state-owned companies currently operating acquire their smaller peers. The move is aimed at improving the efficiency and service quality of the city multi-million dollar taxi […]
Hong Kong Authorities Move to Prevent Real Estate Bubble
HONG KONG, Oct. 26 – Hong Kong’s Monetary Authority released a circular aimed at tempering the territory’s hot high-end property market by increasing the minimum down payment on luxury homes from 30 percent to 40 percent effective immediately. This hopes to prevent the market from reaching unsustainable high prices after reports that a luxury flat […]
New Macau Visa Rules to Reduce Mainland Visitors
HONG KONG, Oct. 16 – Guangdong Province authorities are reportedly implementing new visa rules that would restrict mainland Chinese visits to casino haven, Macau, from once a month to once every two months. According to MarketWatch, Macau casino stocks ended lower yesterday when a report of the new visa rules came out and cited unidentified […]
Shanghai, Hong Kong Airport Operators Partner to Manage Hongqiao Airport
Oct. 14 – The operators of the main international airports in Shanghai and Hong Kong have signed a joint venture to manage the Shanghai Hongqiao International Airport and make it highly competitive reports China Daily. Currently, the Hongqiao airport is mostly for domestic flights handling 22.9 million passengers and 415,700 tons of cargo last year. […]
Average Wage Rate in Hong Kong Falls by 1.9 Percent
HONG KONG, Sept. 29 – The average wage rate in Hong Kong for June fell by 1.9 percent in nominal terms compared to the same period last year, according to the Census and Statistics Department. The number of companies reporting decreasing wage rates were 19 percentage points higher compared to rates in March at 61 […]
Hong Kong Reports Record FDI Inflows for 2008
Sept. 23 – Foreign direct investment (FDI) inflows to Hong Kong worth US$63 billion continued to come last year despite the global financial crisis, an increase of 15.9 percent year-on-year. This figure makes Hong Kong Asia’s second largest recipient of FDI and the seventh largest recipient in the world, says Invest Hong Kong. The territory […]
Hong Kong Launches Council for Testing and Certification
HONG KONG, Sept. 21 – The government launched the Hong Kong Council for Testing and Certification last week to serve as a consultant on government initiatives to develop the testing and certification industry. The council will also look at business opportunities for the industry and more ways to improve professional standards. Hong Kong’s Secretary for […]
