Hong Kong Finance News

The bi-annual US Properties Conference is designed for Hong Kong and international investors interested in US properties. Hosted by the ONEILL Group Hong Kong.

Assets under management in Asia ex-Japan to nearly double by 2015 according to Cerulli Research co-sponsored by Mirae Asset

CTRISKS Rating Limited (“CTRISKS”) publishes the corporate credit ratings Q3 2011 for listed companies in Greater China, covering mainland China, Taiwan and Hong Kong.

EBM Consulting's exhibition stand at the recent Mongolian Investment Summit proved popular with delegates interested in the company's Mongolian due diligence and market entry services.

Cititrust International, Inc.: 90% of companies on the Hong Kong Stock Exchange are incorporated in an offshore financial center (including Hong Kong). Clients will have new investment services opportunities.

Executives from market entry and risk mitigation consultants, EBM Consulting, will welcome delegates at the Mongolia Investment Summit 2011 to its Exhibitor Stand to discuss opportunities.

Oil prices were lower at the beginning of the week due to downward pressure from the EU debt crisis, lower consumption in the US and the influx of oil from Libya.

Gold plummeted this week amid a sharp decline in stock markets, capping the week off with a record daily loss of over US$100 on Friday to hit one month lows.

China's Premier Wen Jiabao said his country's expanding economy can contribute further to global growth. China is sitting on more than $3 trillion in foreign currency reserves and has already committed to investing in Greece, Spain and Portugal.

The EU's sovereign debt crisis has worsened, and the financial market turmoil is set to dampen the real economy. There is also increasing speculation that Greece may have to leave the 17-nation single currency zone - Provideo Financial Report.

Mirae Asset Global Investments Group (“Mirae Asset”) this week announced that its Mirae Asset China Sector Leader Equity Fund (the Fund) has been awarded an ‘A-rating’ status from Standard & Poor’s Fund Management Ratings (S&P).

Finally dashing BP’s hopes of reviving its deal with Rosneft the new Exxon deal will see the two giants invest $3.2 billion developing the Arctic Kara Sea.

A group of Chinese investor, currently making $642 million bid for South Africa’s Gold One International, say they will be using this deal as a beachhead for further expansion into Africa.

Gold demand in India, the world’s largest user, may jump by 25% during the country’s festival season, as buyers expect gold prices to continue bull-run on “safe haven” demand.

Japan’s Ministry of Finance data shows the country exported net 6.1 tonnes of gold in July, making it more likely that net gold exports will reach a new record this year.

With demand for gold in China expected to increase to over 25% of total global production the world’s biggest producer is also aiming to build up a huge domestic stockpile of the yellow metal.

The world’s largest commodities trader is moving to acquire complete ownership of Australia’s Minara Resources.

The world’s top oil traders and international oil companies are cutting ties with Syria ahead of the EU embargo aimed at depriving Bashar al-Assad’s regime of diesel supplies and oil revenues.

Chinese demand is likely to maintain aluminum prices even in the face of global economic uncertainty.

One of the world’s top oil producers is to import petrol to increase the quality of its petrol.

BHP Billiton Ltd, the world’s largest mining firm says second-half profit rose to a record and beat analysts’ estimates.

The world’s largest oil producer, in July, matched a post Soviet Union record set in October 2010.

In a major change of direction from earlier policy, India has now OK’ed the import of diamonds from Zimbabwe.

Barclays says they do not expect swift resumption of Libyan oil production even if the rebels take over complete control of the country.

Fears of a double-dip U.S. recession together with the euro zone debt crisis have Citigroup raising their gold price outlook.

The ongoing bull run in spot gold prices may mimic the climb to dizzying heights seen in 1980 as bullion prices are increasingly becoming emotion drive.

Exxon Mobil’s huge oil discovery at the Gulf of Mexico’s Julia field remains a topic of hot debate as the U.S. Interior Department insists that the oil giant’s permit in this matter has expired.

Despite higher prices the WGC sees gold demand remaining strong in the second half of 2011 on the back of strong demand from China and India.

After a first half drop off, China’s crude oil imports are expected to recover in the last 2 quarters of this year.

Increased demand from the world’s fastest growing economy is set to drive the copper price up in the coming months.

Supported by the weakening dollar, gold remains a generally strong bid.

George Soros has cut his gold position by 13.4% according to an SEC disclosure.

The ongoing strength of the gold price has prompted the Ukraine to start large-scale gold mining.

The recent oil price increases will significantly boost the oil cartels 2011 earnings according to the U.S.’s EIA.

High-Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (/www.HFTLeadersForum.com), Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore

Mirae Asset expects more stable macroeconomic outlook for emerging markets in second half, as inflation pressures ease - European debt concerns will add volatility

High-Frequency Trading Leaders Forum 2011 Hong Kong, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking; Early Bird Registration to Expire July 21

High-Frequency Trading Leaders Forum 2011 Hong Kong, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking; Early Bird Registration to Expire July 21

End of June fuel stocks are almost 1 million tonnes and still at normal levels, while natural gas imports suggest a record for June.

According to the head of India’s atomic energy department, a huge deposit of uranium found in a southern state may be among the biggest reserves of the mineral in the world.

Mirae Asset agrees to acquire majority stake in BetaPro, a leading Canadian asset manager specializing in innovative ETFs

High-Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore; Early Bird Registration to Expire July 21

High-Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore; Early Bird Registration to Expire July 21

High-Frequency Trading Leaders Forum 2011, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Hosted by Golden Networking, now in Hong Kong, Chicago, Sao Paulo and Singapore; Early Bird Registration to Expire July 21

Even with the increased rare earths export quotas, nearing 2010 levels, the European Union says the measures do not go far enough to address concerns of stable supplies.

The second-biggest U.S. bank has announced a net income increase of 13%, beating analysts’ estimates, as investment-banking profit leapt 49% and fewer customers defaulted on credit.

Japan’s PM has said that the recent nuclear crisis has convinced him that the country should wean itself from nuclear power and eventually have no atomic facilities.

Oil companies have drilled almost 50% fewer wells in the first 6 months of this year.

BP promises probe into “serious” incident at offshore oil field.

The world’s biggest gold miner produced 132.02 tons of gold in the first 5 months of this year.