Issue: February 11, 2009   (Archive)
Friday, November 21, 2014   




Land sales hit record
China's four first-tier cities sold a record 303.79 billion yuan worth (HK$388.77 billion) of residential sites from January 1 to November 18 with the average price per square meter surging 57 percent from a year back to 11,892 yuan, data from Centaline Property shows.

Easing flats duty `bad move'
Easing the double stamp duty rebate requirement was "a bad move out of goodwill," the housing chief said.

Yuan rush falls away
Wing Lung Bank said the initial euphoria over the lifting of the 20,000 yuan (HK$25,000) daily conversion limit was short-lived.

Test set for China bonds
A three billion yuan (HK$3.8 billion) tranche of two-year China government bonds, offering a 2.93 percent annual yield, opens for retail subscription today.

Train out of steam again
The Shanghai-Hong Kong Stock Connect disappointed the market for the fourth consecutive day, while Hong Kong Exchanges and Clearing (0388) chief executive Charles Li Xiaojia warned worse is yet to come.

Wharf steps into Greentown-Sunac power struggle
A dispute between mainland developers Greentown China (3900) and Sunac Holdings (1918) took a new turn yesterday after Wharf Holdings (0004) arrived in Hangzhou to discuss the issue.

Nuclear firm shows power
Mainland nuclear energy producer CGN Power won commitments from GIC and Och-Ziff Capital Management Group to invest in its HK$23.4 billion initial public offering, people with knowledge of the matter said.

Along for the ride with US
The Hang Seng Index shed 23 points yesterday to close at 23,349.

Inflation firms in October
Hong Kong's underlying inflation rose 3.4 percent in October from a year earlier, slightly higher than that of September.

Q Tech in landscape mode for overseas
Q Technology (Group), which opens its retail book today, will develop more high-end products to further improve its gross profit margin as well as explore overseas markets, chairman He Ningning said.



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