Last month, Hongkong Bank started a pilot smart-card program at two Hong Kong malls.
Hongkong Bank aims to use that strategy in its drive for the high-end consumer market.
Verizon Enterprise Solutions completed agreements with multinational and U.S. corporations The Coca-Cola Company, Hongkong and Shanghai Hotels Ltd.
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Hongkong Bank, for example, began making its systems "Year 2000-compliant" in the mid-1980s.
"These are not people dialing up to buy consumer products, " says Bob Carlson, chief of technical services at Hongkong Bank.
Hongkong International Terminals has said the striking workers are hired by subcontractors and aren't directly employed by the port operator.
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Hongkong Bank points out that the special administrative region's product mix does not overlap much with Southeast Asia's, limiting competition.
Zeus Chen of Lehman Brothers says Hongkong Telecom is hard to beat.
Standing next to Gates, Hongkong Telecom chief Linus Cheung warned that Hong Kong must turn its current economic downturn to its advantage.
Hongkong Bank has been aided by the relative newness of its systems.
On the day that news broke of Mr Li's stake, Hongkong Land's share price soared by 22% and that of Jardine Matheson by 11%.
Meanwhile, Hongkong Telecom proposes a scheme that will cut bonuses for most of the utility's 14, 700 employees if earnings rise by less than 3% next year.
Hopewell's bankers, among them Hongkong Bank and Hang Seng Bank, have sunk too much cash into the company and will help Wu prevent it from going under.
In contrast, most Asian hotel chains, such as Shangri-La Asia, Mandarin-Oriental, and Hongkong and Shanghai Hotels (which holds the Peninsula brand), own and manage their own hotels.
Hongkong Bank's shipping arm estimates that rates for chartering the biggest ships, those over 100, 000 deadweight tonnes, have fallen by almost half since the start of the year.
An MBA from the Chinese University of Hong Kong, he worked for the fund management arms of Hongkong Bank and Japanese securities giant Daiwa before joining Thornton in 1994.
Then, there are rumors that the institution, once known as the Hongkong and Shanghai Bank, will also sell its half interest in HSBC Life Insurance, which laid off 130 sales staff recently.
Yet some of the deals in which British groups such as Swire and Hongkong Telecom, which is owned by Britain's Cable and Wireless, have sold stakes to Chinese groups look more like the results of greenmail than the formation of useful partnerships.
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