Hong Kong Relaxes Lenders’ Yuan Capital Rules as Costs Surge
The Hong Kong Monetary Authority, seeking to promote the city as China’s main offshore currency center, relaxed yuan capital requirements for local banks following a jump in funding costs for the currency.
Onyx Takes Over Management of Wesley Hotel in Hong Kong
Onyx Hospitality Group has taken over the management of the Wesley hotel located next to Admiralty in the vibrant Wanchai district of Hong Kong. Appointed by Methodist Centre Limited, Onyx will close the property to undertake an extensive refurbishment programme before relaunching it as OZO Wesley Hong Kong in the last quarter of 2012.
10 ways to celebrate Chinese New Year in Hong Kong
MANILA, Philippines - Hong Kong is offering a series of events and activities in an effort to lure tourists during the Chinese New Year festivities, which kicked off yesterday.