By Paul Wiseman, USA TODAY
HONG KONG — No one has a bigger stake in China's rocketing economy than Hong Kong's business elite. So a blast of bad news about unsafe made-in-China products — particularly Mattel's (MAT) recall this week of hazardous toys — has rattled this former British colony.
Mattel's recall announcement on Tuesday hit one of this city's best-known tycoons: billionaire Francis Choi, Hong Kong's "Toy King," who owns the factories that manufactured thousands of die-cast toy cars that were recalled after being found to contain excessive levels of toxic lead.

Hong Kong economy expanded briskly in the second quarter of 2007, with GDP speeding up to a 6.9 percent growth over a year earlier, up from a revised 5.7 percent in the first quarter, the government said Friday.

The overall GDP growth in the first half turned out to be 6.3 percent, also better than previously expected, and the growth forecast for the whole year was revised from 4.5 - 5.5 percent to 5 - 6 percent, said government economist Kwok Kwok-chuen.

The London-Headquartered Lion Capital and the Hongkong-based Grandford International Promotions Ltd. on July 10 signed a business contract to co-establish funds mostly for real estates development and stock exchange.

The potential funds will have a designed capital of US $100 million each and also help in State-owned enterprises (SOEs) equitisation and be in support of the private economic sector.

KUALA LUMPUR, July 12 (Bernama) -- The Hong Kong Tourism Board (HKTB) and Cathay Pacific Airways are committed to providing halal (permissible in Islam) food for Muslim travellers to Hong Kong.

Muslim travellers could have their pick at 28 halal food outlets and vegetarian restaurants offered by the airline and HKTB including the Beijing Beef Restaurant, The Curry Pot and the Islamic Centre's canteen.

HONG KONG (AFP) - Hong Kong on Sunday celebrated 10 years under Chinese rule with pomp and circumstance, but pro-democracy campaigners were set to spoil the party with a call for sweeping political reform.

By Polly Evans

Ten years after the return to Chinese rule, can-do optimism has brought Hong Kong roaring back to success.

For the visitor, much in Hong Kong has changed. There are the physical aspects, of course: the skyline has risen; the old Star Ferry terminal on Hong Kong Island's harbour front has been ripped down; the Peak Tower, which on clear days gives panoramic views over the city, has been revamped. But the most significant shift is that Hong Kong's tourists are now for the most part Chinese.

HONG KONG (Reuters) - Hong Kong's leader unveiled a new, reshuffled cabinet on Saturday, a team that will face tough challenges in the next five years from pollution to making good on the chief executive's promises on democracy.
Among the notable appointments are a new head of the civil service and finance chief, as well as a staunch pro-Beijing leftist who was once jailed in the 1960's.

LOS ANGELES--(BUSINESS WIRE)--June 7, 2007--California Pizza Kitchen, Inc. (CPK) (Nasdaq:CPKI), home of the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, creative salads, appetizers, soups and desserts, opened its fourth location in Hong Kong, China today. The new restaurant, opened by CPK franchise partner Golden Pillars (H.K.) Ltd, is located at The MegaBox shopping center.

HONG KONG, May 30: STAR has reached a deal to launch its music network Channel [V] Taiwan on the now TV IPTV platform in Hong Kong.

now TV is the exclusive Hong Kong distribution platform for STAR channels. Channel [V] Taiwan joins now TV’s existing Channel [V] lineup—which includes Channel [V] India, Channel [V] International and Channel [V] Mainland China—effective tomorrow (May 31).