Art Basel in Hong Kong to kick off

China.org.cn - Wednesday 22nd May, 2013

A visitor walks past an exhibit during the exhibition Art Basel in Hong Kong, in south China's Hong Kong, May 22, 2013. Art Basel in Hong Kong, the latest leg of the international circuit, will kick off here on Thursday. [Xinhua/Lui Siu ...

Hang Seng Shanghai open lower

The Standard - Wednesday 22nd May, 2013

(14 mins ago) Stocks in Hong Kong opened 0.81 percent lower, reflecting falls on Wall Street after the US Federal Reserve hinted it could soon start to ease its policy of aggressive stimulus measures. The benchmark Hang Seng Index fell 189.05 points to 23,072.03 in the first minutes of trade. Stocks in Shanghai were down 0.44 percent in early trade ahead of the release of HSBC's ...

Hong Kong stocks drop before China factory data

Market Watch - Wednesday 22nd May, 2013

HONG KONG (MarketWatch) -- Hong Kong stocks dropped early Thursday as concerns that the Federal Reserve was considering winding down its bond purchases weighed on sentiment, with investors also cautious ahead of a preliminary reading on Chinese manufacturing activity in May. The Hang Seng ...

Sean Kelly announces acquisition of work by Tehching Hsieh by the West Kowloon Cultural District Authority

General Sources - Wednesday 22nd May, 2013

Tehching Hsieh, One Year Performance 1978-1979 Sept 30, 1978 – Sept 29, 1979 Life image. Photograph by Cheng Wei ...

A Mighty Duck Returns to Hong Kong Harbor

General Sources - Wednesday 22nd May, 2013

Hong Kong’s scenic Victoria Harbour has long been celebrated for its breathtaking views, and the recent addition of a 54-foot-tall rubber duck floating in its waters attracted thousands of visitors and sent sales of the signature bath toy surging. But onlookers were disappointed last week when the giant art installation hastily deflated and looked like ...

Chinas Lenovo buys and diversifies to outshine PC rivals

The West Australian - Wednesday 22nd May, 2013

By Lee Chyen Yee and Umesh DesaiHONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, is expected on ...

New Hong Kong Billionaire Horst Pudwill Emerges As U.S. Housing Recovery Boosts Power Equipment Exports

Forbes - Wednesday 22nd May, 2013

Horst Julius Pudwill, chairman of Techtronic Industries, is a new Forbes billionaire with a networth of $1 billion. (Image credit: Techtronic Industries)) Horst Julius Pudwill, chairman of Hong Kong-based Techtronic Industries, has emerged as a new billionaire as shares of the power equipment supplier surged by more than 100% in the past year. With the bulk of its manufacturing facilities in ...

Kowloon East is rising

General Sources - Wednesday 22nd May, 2013

The limited buying options of office space in the core areas of Central, Wan Chai, Causeway Bay and Island East, as well as high rents, have encouraged more long-term investors and end-users to consider decentralized areas such as Kowloon East. The emergence of Kowloon East as central business district 2 will be facilitated by the upcoming sizable supply there, coupled with infrastructure ...

Hong Kong Down on shortened trade

General Sources - Wednesday 22nd May, 2013

STOCKS closed down 0.45 per cent yesterday despite a strong lead from Wall Street, as dealers waited for testimony from Federal Reserve chairman Ben Bernanke on the US economic outlook. The benchmark Hang Seng Index lost 105.29 points to 23,261 on turnover of HK$52.41 billion after the morning session was cancelled because of a heavy rainfall warning. In the city's second biggest initial ...

Shares of China Galaxy Securities Rise 6 on Debut

General Sources - Wednesday 22nd May, 2013

China Galaxy Securities Co. (6881) , a brokerage controlled by the country's sovereign wealth fund, jumped 6 percent at its Hong Kong trading debut today. Trading was postponed to 1 p.m. after the Hong Kong government issued a "black" rainstorm warning, prompting the stock exchange to cancel its morning session. The shares closed at HK$5.62, up from the issue price of ...

Panel to probe transplant incident

news.gov.hk - Wednesday 22nd May, 2013

The Hospital Authority says it is very concerned about the heart transplant incident at Queen Mary Hospital, and has asked it to form an inquiry panel to investigate the event thoroughly and independently.The authority said a report with recommendations is expected to be submitted in eight weeks. The findings will be explained to the patient's family.The authority has apologised to the ...

CE meets acting Heilongjiang chief

news.gov.hk - Wednesday 22nd May, 2013

Chief Executive CY Leung met the visiting acting Governor of Heilongjiang Lu Hao at Government House tonight.Mr Leung welcomed Mr Lu, and said Hong Kong and Heilongjiang enjoy close economic and trade relationships.He said he hoped the two sides can strengthen co-operation in service industries and foster exchange of talent to create more business ...

Pay findings not unanimously agreed

news.gov.hk - Wednesday 22nd May, 2013

The Pay Trend Survey Committee met today to consider the findings of the 2013 Pay Trend Survey, and the two Staff Side representatives of the Police Force Council did not agree to validate the survey findings.One Staff Side representative of the Senior Civil Service Council accepted the survey findings with reservations, and the two Staff Side representatives of the Disciplined Services ...

Chapman brothers exhibit hanged Ronald McDonald in Hong Kong

merinews - Wednesday 22nd May, 2013

What can only be described as grotesque by conservative art connoisseurs is beauty for the Chapman brothers. By the looks of their work, it seems that they create art to shock regular ...

Hong Kong soaked by black rainstorm

Euro News - Wednesday 22nd May, 2013

A mother carries her daughter as she wades through ankle-deep water on the streets of Hong Kong – where rainfall in some districts reached 200 millimetres. The Hong Kong Observatory issued a black rainstorm warning signal on Wednesday May 22. REUTERS/Tyrone ...

Hong Kong Finds Its Footing in Art World

General Sources - Wednesday 22nd May, 2013

As Art Basel inaugurates its first fair in the Far East on Thursday, it will not only be staking its claim to a growing market for contemporary and modern art, but also bolstering Hong Kong's position as the dominant art hub of ...

Fallout spreads in Hong Kong over shut-down Mercantile Exchange

Reuters - Wednesday 22nd May, 2013

HONG KONG (Reuters) - A close political ally of Hong Kong's chief executive has vowed to cooperate with an investigation into the shuttered Hong Kong Mercantile Exchange after the city's financial watchdog said it had alerted the police to ...

Alert issued on bogus email

news.gov.hk - Wednesday 22nd May, 2013

The Monetary Authority today issued an alert on an email purporting to be sent from the Industrial & Commercial Bank of China (Asia).It asks recipients to give remittance confirmation, and may contain files with unknown content attached.The bank has clarified that the email was neither issued nor authorised by it, and it has not asked customers or any other person to give the remittance ...

Gold Bars Hit New Record Premium in Hong Kong Ahead of US Fed Speech Europe Urged to Start Aggressive Money Printing

Bullion Vault - Wednesday 22nd May, 2013

prices rose throughout Asian and early London trade in the wholesale market on Wednesday, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday's one-month low.Silver rose more steadily, and was capped below $22.80 as energy prices slipped and agricultural commodities held flat.Tuesday's retreat in the gold price today ...

Private recreation leases reviewed

news.gov.hk - Wednesday 22nd May, 2013

The Home Affairs Bureau has advised all private recreational leaseholders that the Government will conduct a comprehensive review of the private recreational leases policy, and that lessees should not assume that their leases will be renewed under the same terms and conditions upon expiry.Secretary for Home Affairs Tsang Tak-sing told lawmakers today that whilst renewing private recreational ...

Elderly get dental subsidy

news.gov.hk - Wednesday 22nd May, 2013

Under the Elderly Health Care Voucher Pilot Scheme, seniors aged 70 or above can make use of the vouchers for dental services provided by private dental clinics and those run by non-government organisations.Secretary for Food & Health Dr Ko Wing-man told lawmakers today the Government increased the annual voucher amount to $1,000 from January 1.He said there are about 2,060 registered ...

Heavy rain brings landslips flooding

news.gov.hk - Wednesday 22nd May, 2013

A trough of low pressure lingering around the Guangdong coast brought several episodes of heavy rain and thunderstorms to Hong Kong this morning, causing landslides and flooding in some places, the Hong Kong Observatory says.The Black Rainstorm Warning Signal was issued from 4.10am to 9.45am. The signal was last raised in July, 2010.From midnight till noon, more than 150mm of rain was recorded ...