<?xml version="1.0" encoding="iso-8859-1"?><?xml-stylesheet href="style.xsl" type="text/xsl"?><rss version="2.0"><channel><title>news.gov.hk - Business &amp; Finance</title><link>http://www.news.gov.hk/en/category/businessandfinance/html/index.htm</link><image><url>http://www.isd.gov.hk/images/logo60.gif</url><title>news.gov.hk - Business &amp; Finance</title><link>http://www.news.gov.hk/en/category/businessandfinance/html/index.htm</link></image><description>news.gov.hk - Business &amp; Finance - From Hong Kong's Information Services Department</description><language>en-UK</language><copyright>Copyright, news.gov.hk</copyright><webMaster>irc@isd.gov.hk</webMaster><pubDate>Mon, 13 Oct 2008 00:00:00 +0800</pubDate><lastBuildDate>Mon, 13 Oct 2008 12:24:00 +0800</lastBuildDate><generator>ISD News RSS Generator 3.13</generator><item><title>Bank misselling penalty under study</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081011/html/081011en03002.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081011/html/081011en03002.htm</link><pubDate>Sun, 12 Oct 2008 11:33:09 +0800</pubDate><description><![CDATA[The Monetary Authority will examine the penalty for investment product misselling involving banks in its report on the adequacy of investor protection in Hong Kong, to be submitted to the Financial Secretary in three months.]]></description></item><item><title>HK leads telecom service quality: survey</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081010/html/081010en03005.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081010/html/081010en03005.htm</link><pubDate>Sun, 12 Oct 2008 18:16:11 +0800</pubDate><description><![CDATA[Hong Kong is at the forefront among telecommunications markets worldwide, according to an Office of the Telecommunications Authority study.]]></description></item><item><title>Gross insurance premiums up 26.4%</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081010/html/081010en03003.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081010/html/081010en03003.htm</link><pubDate>Sun, 12 Oct 2008 11:33:08 +0800</pubDate><description><![CDATA[Total gross premiums of Hong Kong's insurance industry grew 26.4% to $197 billion last year, the Office of the Commissioner of Insurance says. This represented 12.2% of the city's Gross Domestic Product.]]></description></item><item><title>Radio Frequency ID Centre opens</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03005.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03005.htm</link><pubDate>Sun, 12 Oct 2008 18:16:08 +0800</pubDate><description><![CDATA[Developing radio frequency identification (RFID) technology will boost the Government's objective of making Hong Kong a regional innovation and technology hub, Secretary for Commerce &amp; Economic Development Rita Lau says.]]></description></item><item><title>41 minibond complaints under scrutiny</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03003.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03003.htm</link><pubDate>Sun, 12 Oct 2008 11:33:08 +0800</pubDate><description><![CDATA[The Monetary Authority has launched investigations into 41 complaints alleging banks improperly sold Lehman Brothers-related investment products.]]></description></item><item><title>Social unity urged to tackle financial gale</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03002.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081009/html/081009en03002.htm</link><pubDate>Sun, 12 Oct 2008 11:33:10 +0800</pubDate><description><![CDATA[Financial Secretary John Tsang has urged Hong Kong people to unite amid the global financial storm.]]></description></item><item><title>Foreign currency reserves up US$2.5b</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03006.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03006.htm</link><pubDate>Sun, 12 Oct 2008 11:33:26 +0800</pubDate><description><![CDATA[Hong Kong's official foreign currency reserve assets rose to US$160.6 billion in September, up US$2.5 billion on August, the Monetary Authority says. Including unsettled forward contracts, foreign currency reserve assets also stood at US$160.6 billion in September, up US$2.5 billion on August.]]></description></item><item><title>SME leadership seminar to be held</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03004.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03004.htm</link><pubDate>Sun, 12 Oct 2008 11:33:28 +0800</pubDate><description><![CDATA[The Trade &amp; Industry Department's Support &amp; Consultation Centre for small and medium enterprises will hold a free seminar October 30 on business leadership skills.]]></description></item><item><title>Base rate cut as formula adjusted</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03001.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081008/html/081008en03001.htm</link><pubDate>Sun, 12 Oct 2008 11:33:24 +0800</pubDate><description><![CDATA[The Hong Kong Monetary Authority will adjust its formula for determining the base rate, reducing the spread of 150 basis points above the prevailing Federal Funds Target Rate to 50 basis points from tomorrow. This will see the existing base rate cut to 2.5% from 3.5%.]]></description></item><item><title>FS urges minibond buyback</title><guid>http://www.news.gov.hk/en/category/businessandfinance/081006/html/081006en03003.htm</guid><link>http://www.news.gov.hk/en/category/businessandfinance/081006/html/081006en03003.htm</link><pubDate>Sun, 12 Oct 2008 11:33:29 +0800</pubDate><description><![CDATA[Financial Secretary John Tsang has called on Lehman Brothers minibond distributors to buy back the minibonds at their estimated value, stressing it is the most practical solution to solving problems faced by small investors.]]></description></item></channel></rss>