The four-day Sotheby's Hong Kong autumn 2007 sale was concluded Tuesday, with more than 940 lots sold worth of HK$1.55 billion (about US$200.23 million).

HONG KONG, China (AP) -- Hong Kong police have arrested two men accused of trying to smuggle more than 7,000 live pet turtles to mainland China, the government said Friday.

Marine police intercepted the two men Wednesday as they were loading about 300 cartons onto speedboats, a government statement said. The cartons were filled with clear plastic containers containing the tiny dark green turtles, each smaller than a human palm, a photograph published in the Ming Pao Daily News showed.

by Blood-Horse Staff
The chairman of the Hong Kong Jockey Club said tax rates and regulations need to be reviewed in order for the racing entity to compete at a time of great change.

During the HKJC annual meeting Aug. 30, John C.C. Chan, chairman of the club, noted achievements during the 2006-07 racing season in Hong Kong but said the business climate could be further improved by the addition of five racing days and an increase in the number of imported simulcasts. The government has declined to approve those measures.

By Associated Press | July 31, 2007

BEIJING -- The Chinese e-commerce giant Alibaba Group said yesterday that it is moving toward a long-anticipated initial public offering, with plans to sell shares of its business-to-business unit in Hong Kong.

Alibaba, founded in 1999, has thrived amid China's export boom by helping to match foreign customers with Chinese suppliers of goods, ranging from toys to industrial raw materials.

Its success has made founder Jack Ma one of China's most prominent business celebrities.

MANILA (AFP) - Hong Kong, Taiwan and Singapore households enjoy the highest living standards in the Asia-Pacific while those in emerging powerhouses China and India remain poor, according to an Asian Development Bank (ADB) survey Tuesday.

The poll measured the "actual final consumption of households" of 23 Asian economies to determine their well-being and living standards. The final measure includes items purchased as well as those supplied by governments, such as education and health care.