Economy
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
New publication shows Hong Kong's development as a Knowledge-based Economy
Through graphical presentations and succinct commentaries, a publication aims at portraying the development of Hong Kong towards a knowledge-based...
Chinese government debt worrisome at 42.9% of GDP
However, the main problem is that the local government debt is much higher than the central government debt.
August foreign currency reserves surge by US$600mn
The figure represents about nine times the currency in circulation.
Technical recession looms
With negative real GDP growth in the past two quarters, outlook is bleak especially amidst lower exports to the troubled USA and EU.
Overall inflation forecast to average 5.3% for 2011
It would be the highest since 1997.
India’s core inflation critical at 5.2%
It breached the crucial 5% mark for the first time in 25 months.
GDP contracted by 0.5% in Q2 2011
Blame it on sharp deceleration in the export of goods.
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Hong Kong’s PMI plunges to 47.8 in August
As operating conditions in Hong Kong’s private sector economy deteriorates for the first time in over two years.
Jack So stays as Trade Development Council Chairman
So has been reappointed and will be Chairman for two more years.
Invest Hong Kong, Guangzhou promote Taiwan enterprises
Invest Hong Kong and the Guangzhou government co-organised a seminar in Taipei to promote their business advantages and how these can benefit Taiwan...
India’s manufacturing PMI drops to 52.6 in August
HSBC says this moderation in growth is set to continue over the next few months.
What you need to know about Hong Kong’s seemingly bearish economy
Growth has been falling since September 2010 and inflation reached 7.9% in July - what’s next?
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
Henry Tang condemns protest at public forum
The Acting Chief Executive criticised the protesters for “abusing the rights of the forum participants and disrupting what would have been a fair and...
Half of Asia’s millionaires to come from China by 2015
Julius Baer says the wealth of China’s millionaires will reach a whopping US$8.76 trillion four years from now.
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