Issue: May 10, 2006   (Archive)
Friday, October 9, 2015   

Developers step up race to market
Developers have shown no signs of letting up on their pace of flat launches before the end of the year.

Lee clan second richest in Asia
The family of tycoon Lee Shau-kee, who controls Henderson Land (0012), are the second richest in Asia, with a net worth of US$24.1 billion (HK$187.98 billion), according to Forbes' first list of the "50 Richest Families in Asia."

Houses cold on new CKI offer
Morgan Stanley, CLSA and Citi yesterday played down Li Ka-shing's enhanced offer for Cheung Kong Infrastructure (1038) to merge with Power Assets (0006).

Some medicine worth trying
The Shanghai Composite Index gained 3 percent to 3,144 yesterday as trading resumed after the Golden Week holiday.

Proofing for future
Forty percent of financial decision makers at local mid-sized firms see cash flow management as the greatest obstacle to growth for the upcoming year, a survey by American Express has found.

Mainland stocks surge
Mainland stocks surged yesterday, catching up on a rebound in global markets after a week-long holiday, but trading remained thin, reflecting investor worries about the cooling economy.

Firms surge on trading debuts
IMAX China (1970) and Regina Miracle (2199) surged on their trading debuts yesterday in a sign of reviving market confidence that bodes well for upcoming larger initial public offerings.

Global yuan payment system launched
China's central bank yesterday launched a global payment system in a significant step to help yuan-clearing transactions, bolstering Beijing's quest to internationalize its currency and challenge the primacy of the US dollar in world finance.

Chamber in tax cut call
The Hong Kong General Chamber of Commerce urged the government to lower the profits tax to 10 percent from 16.5 percent for the first HK$2 million in earnings in order to help small and medium enterprises.

HK growth pace to slow
The Hong Kong Institute of Economics and Business Strategy expects local economic growth to ease to 1.9 percent in the fourth quarter from a year earlier the slowest gain in the same period since 2012.

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