The Switzerland government is stepping up its efforts to tap the Hong Kong and Chinese mainland markets by first setting up a new business promotion organization in Hong Kong.
For Swire Properties, a shopping center is the thing that brings and holds everything together, including the hotel guests, the office users, business people and others.
Hong Kong crushed host China 40-10 to win the Shanghai Sevens on Sunday to underline its growing status as one of the top teams in Asia.
The number of rich people in Hong Kong slumped 17.4 percent last year due to the volatile stock market which resulted in the evaporation of a great portion of the group's wealth.
Hong Kong's tourism and education sectors are poised to get a shot in the arm from the central government's latest cooperation programs.
The fast-growing economies in the Middle East and Africa could provide huge alternative markets to Hong Kong exporters, who have been facing slack demand from their traditional export markets in Europe and the US, a Hong Kong Trade Development Council (HKTDC) official says.
Both mainland visitors and local residents plan to cut back their spending on luxury items amid rising economic uncertainty.
Low-end Hong Kong retailers are expected to benefit when non-permanent Shenzhen residents are allowed to start visiting the city with multi-entry permits.
The Hong Kong Monetary Authority (HKMA) will launch an electronic-bill (e-bill) presentment and payment system in the second half of 2013 in Hong Kong.
The Hong Kong SAR government will work out a mechanism with the central government to ensure that the city's capacity to accept visitors is not overburdened by a heavy influx of mainland tourists.
Ten new measures, including one banning out-of-town buyers from buying property in some local housing projects were unveiled by the Hong Kong government on Thursday.
The three Chinese astronauts met 1,400 students and encouraged them not to give up their dreams despite the challenges they have to encounter.
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