CITIC Bank International and Industrial and Commercial Bank of China (Asia) Ltd (0349.HK) have completed Hong Kong's first foreign exchange swap for yuan, banking sources said, as China seeks a greater global role for its currency.

The Hong Kong Book Fair, which draws as many as 900,000 visitors annually, opened Wednesday with a new element: a section on electronic publishing.

French aerospace giant EADS on Tuesday said that it notched another tandem of order commitments from LAN Airlines and Hong Kong Airlines for a total of 75 Airbus aircraft.

Hong Kong Cable Television (CABLE TV) has signed a deal with Disney Media Distribution for the carriage of a Disney Pack, which includes Disney Channel and Playhouse Disney.

Customs officials in Hong Kong have busted a narcotics racket and seized synthetic drugs worth $22.5 million in the international market.

The Government of Hong Kong Special Administrative Region, People's Republic of China has selected HP to enable the Hong Kong Public Libraries to provide public library services to the members.

Petropavlovsk Plc, Russia's third- largest gold producer, plans to list its non-precious metals unit in a Hong Kong stock sale that may raise about $500 million, two people with knowledge of the matter said.

On Friday a person aware of the situation stated that Hong Kong and Shanghai stock markets are the places from where Bank of China Ltd. is looking to raise funds. It is another move to shore up its capital base after an explosion in lending last year.

Hong Kong lawmakers plan to discuss 20 failed sales of luxury apartments at a project developed by Henderson Land Development Co. at a housing panel meeting this afternoon.

Sound Global Ltd. postponed a dual listing in Hong Kong and the sale of new stock as the plan couldn't be undertaken "on acceptable terms," calling off the planned move less than a week after issuing a prospectus.

Hong Kong stocks were restricted to a narrow range around break-even point early Friday, with energy producers such as Cnooc Ltd. helping to support the market, although banks and property developers fell after a sharp drop on Wall Street. The Hang Seng Index was up 0.1% at 20,747.01 after opening lower, while the Hang Seng China Enterprises Index was flat at 11,931.28. rose 1.5%, and PetroChina Co. gained 0.8% as crude-oil futures rose in New York trade. Ranking among losers, China Overseas Land & Investment Ltd. dropped 1.5%, and index-heavyweight HSBC Holdings PLC dropped 0.5%. The Shanghai Composite Index, meanwhile, dropped 0.5% to 2,552.91.

The Agricultural Bank of China set the price range of the Hong Kong portion of its initial public offering at HK$2.88 to HK$3.48, according to sources.

Blackbaud, Inc., the leading global provider of nonprofit software and services, today announced it has opened an office in Hong Kong to better serve its international customers.

Sidley Austin LLP said Thomas Albrecht, a member of the law firm's management and executive committees, will move to Hong Kong from its Chicago headquarters as Asia Pacific managing partner to look at adding offices.

Ripples in the DVD kiosk industry continue to expand in the wake of last week's announcement that Coinstar Inc. finalized a multi-year deal allowing redbox to offer day-of-release DVD and Blu-ray titles from Paramount Home Entertainment Inc.

Primus, which holds a 20 percent stake in EON, said it considered Hong Leong's bid to take over EON as unlawful. It said action by some EON board members to support the bid was not in the interest of the company or its shareholders.

Henderson Land Development said the sale of 20 luxury apartments in Hong Kong had collapsed, ending 2.67 billion Hong Kong dollars in deals that had led to a government inquiry and fueled efforts to rein in home prices.

Hong Kong Airlines Tuesday marked delivery of its first Airbus airliner, an A330-200.

The Hong Kong Monetary Authority said local stock and property prices may be driven higher once China allows the yuan to resume gains, as the city become more affordable to mainland investors.

Hong Kong Exchanges & Clearing Ltd. has met Mongolian mining companies seeking to list in the city, said Chief Marketing Officer Lawrence Fok, who is in the North Asian country for a forum on corporate capital raising.