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Tuesday , September 26 2017
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Hong Kong

Hong Kong Customs reminds public about safety of Mid-Autumn Festival toys

HK CUSTOMS

HONG KONG: Hong Kong Customs today (September 25) distributed pamphlets in Sham Shui Po, Mong Kok and Wan Chai to remind members of the public, and especially parents, about the safety of Mid-Autumn Festival toys and to pay attention to the warnings and usage instructions on them. The Head of the Consumer Protection Bureau of Customs, Mr Kenny Chan, today ... Read More »

ZhongAn raises $2b in HK’s biggest financial technology listing

prices-increases

HONG KONG: ZhongAn Online Property and Casualty Insurance priced its initial public offering (IPO) at the top of its marketing range, raising US$1.5 billion (S$2.02 billion) in Hong Kong’s biggest financial technology listing, IFR reported yesterday, citing people close to the deal. The insurer priced 199.3 million new shares at HK$59.70 each, the top of a HK$53.70 to HK$59.70 range, ... Read More »

Hong Kong Customs seizes 12,370 kg of suspected red sandalwood

hk customs

HONG KONG: Hong Kong Customs announced Thursday that it had seized about 12,370 kilograms of suspected red sandalwood from a container at the Kwai Chung Customhouse Cargo Examination Compound. Through risk assessment, Customs officers inspected a container arriving in Hong Kong from Malaysia. Upon inspection, Customs officers found the suspected red sandalwood in the container. The estimated market value of ... Read More »

Hong Kong bans meat imports from Brazilian firms after pet food sold for human consumption

ban

HONG KONG: Meat imports from an exporter and two plants in Brazil have been suspended after 200 tonnes of chicken feet and animal organs produced as pet food were claimed to be fit for human ­consumption. The Centre for Food Safety said 10 batches had been imported over the past year from the same exporter, but their health certificates, suspected ... Read More »

Hong Kong Customs seizes suspected smuggled goods

goods

HONG KONG: Hong Kong Customs announced on Thursday that it had seized a large haul of suspected smuggled goods. The suspected smuggled goods included electronic goods and plastic beads with an estimated market value of about 21 million Hong Kong dollars (about 2.68 million U.S. dollars). Customs officers intercepted an outgoing lorry at Lok Ma Chau Control Point for inspection ... Read More »

Hong Kong Customs combats unfair trade practice at medicine shop

hk customs

HONG KONG:  Hong Kong Customs arrested on Tuesday two saleswomen of a medicine shop suspected to have engaged in unfair trade practice by applying a false trade description on a proprietary medicine. Customs officers conducted a test-buy operation at a medicine shop in To Kwa Wan, an area on the eastern shore of Kowloon peninsula, on Tuesday afternoon. Two saleswomen ... Read More »

Hong Kong Customs seizes suspected scheduled dried shark fins

Hong Kong Customs and Excise

HONG KONG: Hong Kong Customs today (September 18) seized about 350 kilograms of dried shark fins of suspected scheduled hammerhead sharks and oceanic whitetip sharks with an estimated market value of about $280,000 from a container at Tsing Yi Cargo Examination Compound. Through risk assessment, Customs officers inspected a container arriving in Hong Kong from United Arab Emirates. Upon inspection, ... Read More »

Hong Kong jobless rate steady at 3.1% in Jun-Aug

jobless

HONG KONG: HK jobless rate steady at 3.1 pct for June-August * June-August underemployment steady at 1.1 percent KEY DATA UNEMPLOYMENT UNDEREMPLOYMENT (PCT) (PCT) Jun-Aug 3.1 1.1 May-Jul 3.1 1.1 Apr-Jun 3.1 1.2 Mar-May 3.2 1.2 Feb-Apr 3.2 1.2 Jan-Mar 3.2 1.2 Dec-Feb 3.3 1.2 Nov-Jan 3.3 1.3 Oct-Dec 3.3 1.4 Sep-Nov 3.3 1.4 Aug-Oct 3.4 1.4 Jul-Sep 3.4 1.4 ... Read More »

Hong Kong Customs alerts public on unsafe children’s swimwear

hk customs

HONG KONG: Hong Kong Customs today (September 15) alerted members of the public to potential strangulation hazards posed by the cords of two models of children’s swimwear. Customs officers today seized a total of 175 swimsuits for children from four branches of a department store and two related suppliers. The cords near the neck part of the two models of ... Read More »

Hong Kong Customs alerts public on unsafe scooters

Hong Kong customs

HONG KONG: Hong Kong Customs today (September 14) alerted members of the public to the potential hazards posed by six models of scooter. Test results indicated that the products could pose a risk of hand entrapment and falling down to users. The plastic packing bags might also pose a risk of suffocation. Customs officers recently conducted spot checks at various ... Read More »

Hong Kong Customs combats sale of counterfeit accessories

hk customs

HONG KONG: Hong Kong Customs yesterday (September 11) conducted an anti-counterfeiting operation in Causeway Bay and seized a total of 647 items of suspected counterfeit accessories with an estimated market value of about $550,000. Customs earlier received information alleging the sale of suspected counterfeit accessories in Causeway Bay. After investigation, Customs officers yesterday seized in a retail shop in the ... Read More »

Hong Kong finance chief warns again of property risk as Fed acts

HKFC

HONG KONG: Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Mr Chan warned in June that Hong Kong’s property market is in a “dangerous situation” and vulnerable to a correction. Hong Kong ... Read More »

Hong Kong’s richest man expands investments in electric vehicles

INVESTMENT

HONG KONG: Hong Kong billionaire Li Ka-shing agreed to buy an indirect stake in a Japanese maker of electric cars, expanding his investments in an area that’s set to benefit from China’s push to phase out gasoline and diesel vehicles. Mr Li and two other investors are buying a stake in O Luxe Holdings, according to two company filings made ... Read More »

Hong Kong Customs combats counterfeit medicines

HK CUSTOMS

HONG KONG: Hong Kong Customs conducted an anti-counterfeit medicines operation on Sept. 5 to Sept. 6 and smashed a syndicate suspected of storing and supplying counterfeit medicines and controlled pharmaceutical products. Fourteen persons were arrested in the operation which was conducted in Tsing Yi, Kwai Chung, Hung Hom and Wong Tai Sin. About 2,700 pills of suspected counterfeit medicines and ... Read More »

Hong Kong checking bank loans to HNA, Wanda

loans

HONG KONG: The Hong Kong Monetary Authority has asked banks in the city for details of their loans to HNA Group and Dalian Wanda, people familiar with the matter told Bloomberg. Lenders were required to submit a survey to the city’s de facto central bank providing information such as total credit extended and outstanding loans to the two companies, said ... Read More »

Hong Kong PMI falls to 49.7 in August

FALL

HONG KONG: The Nikkei Hong Kong Purchasing Managers’ Index, or PMI, for August fell to 49.7 from July’s 51.3, showing a worsening business conditions for the first time since March. A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. “Hong Kong’s private sector lost some momentum amid a slowing in Chinese demand for its ... Read More »

Hong Kong Customs commends sea cargo carriers/companies and container terminal operators

Hong Kong Customs and Excise

HONG KONG: The Customs and Excise Department (C&ED) hosted the Sea Cargo Pre-shipment Declaration Scheme 2017 and Partnership Programme with Container Terminal Operators Presentation Ceremony at the Customs Headquarters Building today (August 30) and presented award certificates to 46 sea cargo carriers/companies in recognition of their active participation in the scheme and efforts to work with the department to provide ... Read More »

Hong Kong tax law change luring Chinese giants

tax

HONG KONG: At least three major Mainland Chinese entities are planning to set up corporate treasury centres (CTCs) in Hong Kong, following a tax change there last year, with up to 30 more firms considering the move, the Hong Kong Monetary Authority has announced. According to HKMA chief executive Norman Chan Tak-lam, three central state-owned Chinese enterprises – including China ... Read More »

Hong Kong’s retail sales value up 4% in July

Retail Sales

HONG KONG: Hong Kong’s value of total retail sales in July rose 4 percent year-on-year to 36 billion HK dollars (about 4.6 billion U.S. dollars), the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government said here Tuesday. A HKSAR government spokesman said the pick-up was underpinned by robust local consumption demand and further improvement in ... Read More »

HSBC Holdings plc (Hong Kong) (0005) Moves Up 0.67% on Aug 28

hsbc

HONG KONG: Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) last traded at 75.5, representing a move of 0.67%, or 0.5 per share, on volume of 11.28 million shares. After opening the trading day at 74.8, shares of HSBC Holdings plc (Hong Kong) traded in a close range. HSBC Holdings plc (Hong Kong) currently has a total float of 20.44 ... Read More »