Economy

Universal suffrage in Hong Kong by 2017?

Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.

Universal suffrage in Hong Kong by 2017?

Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.

Hong Kong 9th most competitive in the world

Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.

Hong Kong company completes purchase of Saab

Hong Kong-owned National Electric Vehicle Sweden said it has completed its takeover of bankrupt Swedish automaker Saab Automobile and will market its...

Deposits in July weaken

Total deposits with authorized institutions rose 0.8% this July from June with a 1% rise in Hong Kong dollar deposits.

Hong Kong fiscal deficit jumps 200% to $21.6b

The government reported a massive deficit for first the four months of the financial year 2012/13.

Hong Kong sues Ernst & Young

Accounting firm Ernst & Young faces a dilemma that could violate the laws of Hong Kong and China either way.

Export outlook poor for the rest of the year

Domestic exports plunged 16.8% from January to July compared to the year earlier as the economy continues to suffer from the economic slowdown.

Corruption, wealth and big business

“August 21 - Vietnamese police have arrested one of the country’s wealthiest bankers over undisclosed financial crimes, triggering sharp falls on...

Mortgage loans application and approvals fall

Mortgage loans drawn down during July dropped by 20% compared with June, to $16.1 billion, said the Monetary Authority.

Hong Kong boosts depositor protection

The Hong Kong Deposit Protection Board says it will remain vigilant against threats that may arise from the slowing global economy.

Almost 1 in 2 job seekers fail to find jobs in Hong Kong

Hong Kong’s unemployment rate remained unchanged at 3.2% for the second quarter despite the continuous battering taken by its weaker economy.

Wong is new Consumer Council chief

Ms. Gilly Wong has been appointed the new Chief Executive of the Consumer Council.

Hong Kong economy grew at the slowest pace in 2Q12 since 2008

The economic growth forecast has then been reduced to 1% to 2% for the year.

Mong Kok preservation project underway

The Lands Department has announced the resumption of land for the implementation of a preservation and revitalisation project on Shanghai and Argyle...

Hutchison badly hit by global business downturn

Hutchison Whampoa eported a massive 78% drop in net profit for the first half of the year.

Loan growth remains weak in Hong Kong

Loans inched forward at the tepid pace of 1.5% in the second quarter reflecting the economic slowdown gripping Hong Kong.

Older population in 2041 a threat to Hong Kong’s prosperity

People aged 65 and over is projected to rise from 13% in 2011 to 30% in 2041.