City records January expansion reversing five months of decline.

Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd agreed to buy Orange Austria in a deal valued at 1.3 billion euros ($1.7 billion), adding to more than $31 billion of investments in overseas mobile-phone operations.

On Wednesday, the market gave a "buy" signal. Unless a credit event occurs in Europe, it is likely that the ongoing uptrend in risky assets will continue for several more weeks.

Lands split plan will prevent market manipulation: academic.

Hong Kong's retail sales continued to enjoy solid growth in December, leaping 23.4 percent from a year ago, the government said on its website Thursday.

Hong Kong Mortgage Corporation (HKMC) will launch a three-year microfinance pilot scheme in mid 2012 with a government-backed HK$100 million funding as announced in the 2012-23 Budget on Wednesday.