Issue: June 07, 2011   (Archive)
Friday, September 19, 2014   

Tapping yuan pool
China-focused carrier Hong Kong Airlines, is positioned to exploit a massive pool of yuan deposits.

Carrier packs goodies for investors
Hong Kong Airlines International, which derives the bulk of its revenues from the mainland, has filed for Hong Kong's maiden dual currency initial public offering, which could raise about US$600 million (HK$4.68 billion) to expand its fleet.

Lufthansa starts fuel saving takeoffs
Germany airline Lufthansa has changed its take-off procedure to reduce fuel consumption and carbon emissions. The initiative comes after a trial lasting a year since last August in Frankfurt, a global aviation hub.

Jewelers dangle temptations
In the world's largest gold market, the precious metal, either in the form of jewelry or bullion, represents wealth. This is also true in Asia. In China, 999.9 gold jewelry in particular, makes up the bulk of the demand. There is more potential for demand to grow and Hong Kong can capture further opportunities in the mainland.

Western corner
Chinese Estates Holdings Limited (0127) has unveiled the show flat of One South Lane. The 268-sellable-square- feet unit comes with a 3.15-meter high ceiling, reeking of minimalist modernity.

Bank to Xcite travelers
Wing Lung Bank has introduced a new Xcite Visa Platinum Card. Successful applicants are offered welcome gifts of HK$1,000 Travel Cash Coupon from EGL Tours, travel luggage or German Pool portable induction cooker. The card also provides zero-interest travel instalment plans along with low foreign exchange conversion charges.

AmEx members tee off
American Express is to offer holders of its branded products in selected Asian markets privileged access to lodging, spa, golfing and events at Mission Hills Shenzhen, Dongguan and Haikou this year. For instance, American Express Centurion members can get VIP passes for the Mission Hills World Celebrity Pro-Am in October at Haikou, Hainan.

HSBC Signature card
HSBC has launched the HSBC Visa Signature Card. It has a higher credit limit than Visa Platinum and offers up to 50 percent discount in dining and leisure offers along with a concierge service that provides assistance in planning trips, hotel reservation, ticket booking and more. *Underset by 1 lines.* *Underset by 1 lines.*

Ahead of the curve
As cash deposit rates and bond yields remain low, the bright spot in the investment jigsaw is firmly focused on global equities against a background of continued economic growth. This is the belief of Garth Taljard, head of multi- asset product, Asia, at Schroders Hong Kong.

Smooth ride counts
A construction set that allows the imagination to run riot has been adopted by OMGI to reflect what the asset manager represents to investors building better solutions.

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