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Standard Chartered to keep mortgage rate unchanged
(Jun 25, 2007) Standard Chartered said it currently had no intention to lower its Hong Kong mortgage rate. The mortgage rate offered is calculated at prime rate minus 2.9% to 3.15% (the prime rate of Standard Chartered is 8%) and 0.5% to 0.7% above the inter-bank rate. In the first four months of ...
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KPMG plans expansion in Hong Kong and China
(Jun 25, 2007) KPMG is expanding business operation in Hong Kong and China. It plans to double the number of recruitments in the next few years. KPMG has just appointed 51 partners in Hong Kong and China on 1 July 2007. The new assignment mainly focuses on auditing, taxation and consulting services. Following ...
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Man Sang Jewellery City signing up lease and sale now
(Jun 23, 2007) According to Cheng Chung Hing, the chairman of Man Sang International Ltd, retail space at the trade center of China Pearls and Jewellery City will begin to be leased and are for sale at the end of June 2007. The trade center will be operated in such a way that ...
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Job vacancies up 8% in March 2007
(Jun 23, 2007) According to the Census and Statistics Department (C&SD), total employment in the private sector has increased by 2.1% in March 2007 compared with a year earlier. Besides, the total number of vacancies has risen by 8% to 49,330. Compared with that of last year, the number of employment for most ...
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Hong Kong GDP up 5.6% in the first quarter 2007
(Jun 23, 2007) According to the Census and Statistics Department (C&SD), Hong Kong Gross Domestic Product (GDP) has increased by 5.6% in real terms in the first quarter of 2007, which is smaller than the 7.3% growth in the fourth quarter of 2006. Analyzed by constituent sector and on a year-on-year comparison, net ...
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Inflation expected to take an upward but moderate path
(Jun 23, 2007) According to the Census and Statistics Department (C&SD), overall consumer prices of composite Consumer Price Index (CPI) has increased by 1.2% in May 2007 over a year earlier, which is smaller than that in April 2007. Netting out the rates concession for the first two quarters of 2007/08, the year-on-year ...
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Renminbi checks and transfer available in Hong Kong
(Jun 23, 2007) Banks in China are now allowed to issue Renminbi bonds in Hong Kong. In response to this, Hong Kong banks provide services of transfer of accounts for Renminbi checks (cheques) and capital from 25th June 2007. According to the Hong Kong Association of Banks, the issuance of Renminbi bonds can ...
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Peaktop invests RMB36mn to rebuild Shenzhen factory
(Jun 23, 2007) Peaktop International Holdings Ltd has come into a property redevelopment agreement with Xibotu, a company engaged in property development in China. According to the agreement, Peaktop will redevelop the factories located at Changzhen Village, Gongming County, Baoan District in Shenzhen. The project occupies a total area of 170,000 square meters, ...
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JP Morgan's Ulrich points out six trends to note in China
(Jun 23, 2007) Jing Ulrich, managing director of JP Morgan China Equities, pointed out six trends in China at an event organized by the American Chamber of Commerce (Hong Kong). 1. Environmental problems. The Chinese government will reduce reliance on heavy industries. It will do so with higher efficiency than the West. 2. ...
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Beijing and Guangdong secure most top brands in China
(Jun 23, 2007) On 22nd June 2007, World Brand Lab (WBL) and World Executive Digest Limited jointly released China's?s500 Most Valuable Brands in 2007. Among them, Guangdong occupies the second place for the number of brands in the list. Among different places in China, Beijing has the highest number of top brands in ...
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