The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said.
The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.
And also the Dalian Port is the biggest port operator in Bohai Bay which Read more…
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capital, China, Dalian, economy, Hong Kong, port, Shanghai
The operators of the international airports in Shanghai and Hong Kong formed a joint venture to manage Shanghai Hongqiao international airport which mostly handles China domestic flight.
In this joint venture, Shanghai will pay 51 million Yuan for holding 51% of share and Hong Kong will take the rest of the shares which is 49%, the joint venture was named “Shanghai Hong Kong Airport Management Co. This stake structure would remain unchanged for 20 years from Read more…
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airport, China, economy, Hong Kong, Hongqiao, joint venture, Shanghai
According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.
215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.
The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.
Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…
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Asia, business, China, economy, Hong Kong, M&A, service
A bridge connecting major cities in the affluent Pearl River Delta will be built, the bidding for designing the longest sea link opened several weeks ago.
According to estimation, 72.6 billion yuan ($ 10 billion) will be cost on this 29.6 km bridge, which links Hong Kong, Zhuhai and Macao. The reclaimed island off Gongbei of Macao and the eastern artificial island for the tunnel section of Hong Kong will be connected through this bridge. Read more…
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bid, bridge, China, city, economy, Hong Kong, Macao, sea, Zhuhai
Hong Kong’s earnings may be influenced by the direct links between mainland and Taiwan for now but it could gain a lot from the booming cross-Straits business in the long run, according to economists.
Planes and ships flying across the Straits earlier could not finish the journey directly. They usually had to transfer at Hong Kong or Macao special administrative region (SARs).
Now the direct routes could make Hong Kong lose about HK$10 million, or 3.4% of its external trade, Read more…
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China, economy, flight, Hong Kong, route, Taiwan
Guangdong, Hong Kong and Macao now have become a ‘Golden Delta’ in China. Trade and investment between Hong Kong, Macao and Guangdong continues to grow since the Closer Economic Partnership Arrangement (CEPA) between the government of the Hong Kong Special Administrative Region (SAR) and the central government that has been signed on June 29, 2003.
A similar agreement, known as the Mainland and Macao Closer Economic Partnership Arrangement, was signed between Read more…
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agreement, China, economy, Guangdong, Hong Kong, Macao
More than 1,000 senior officials, members of high society and business tycoons attended a gala dinner held by the Pearl River Delta (PRD) city of Jiangmen late last month with the aim to make better ties with commercial organizations in Hong Kong.
It was also said that the gala dinner was a good opportunity to exchange business ideas during the global crisis.
According to Wang Read more…
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China, economy, Hong Kong, Jiangmen, PRD, trade
There are about 1 million SMEs in Guangdong province, many of which are owned by Hong Kong or Macao investors.
Due to the global financial crisis, the province saw a decline of capital inflows from Hong Kong from January to October this year.
Yet investment in the tertiary industry rose in the past 10 months. Read more…
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China, economy, Hong Kong, Macao, SME
Adopting the latest in lighting design and technology would probably be a better way to show off your business. The 10th Hong Kong Lighting Fair, largest event of its kind in Asia, brings fashionable lighting products to buyers. In 2007, a record of 1,344 exhibitors from 31 countries and regions attended the event and showed off their wares.
This event is obviously attractive for all the visitors. They can easily navigate the vast resource of new lighting products because product zone in the Fair will show the emerging trends in the consumer market.
- Crystal Indulgence Zone focuses on crystal lighting and chandeliers
- Galaxy of Stars displays lighting for a sophisticated environment
- Green Lighting Zone is the place for energy-saving lighting products
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design, fair, Hong Kong, lighting, technology
The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said.
