Economy
Hong Kong’s GDP grows 5.1% in 2Q11
Standard Chartered blames the drag from net exports for the lower-than-expected growth.
Hong Kong’s GDP grows 5.1% in 2Q11
Standard Chartered blames the drag from net exports for the lower-than-expected growth.
Details set for $6,000 hand out scheme
The $6,000 handout scheme will commence on August 28, according to Secretary for Financial Services & the Treasury Prof KC Chan.
Hong Kong’s GDP may have grown 6.3% in 2Q11
With retail sales growth staying above 27% for three consecutive months.
Pacific Economic Cooperation meeting to be held Aug 16
The 47th Meeting of the Hong Kong Committee for Pacific Economic Cooperation to be held on August 16 is now open for public enrolment.
Finance secretary: Hong Kong dollar is stable
Tsang said downgrade of US debt rating by itself would not spark crisis but by other economic factors.
Hong Kong forex reserves surged by US$1.6bn in July
The total foreign currency reserve assets at the end of the month amounted to US$279bn.
Currency peg with the US dollar stays put
Hong Kong does not intend to make changes even with US’ recent credit rating.
Beware of faster inflation, says economist
Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.
Hong Kong keen on China’s RMB20bn sovereign bond issue
The Mainland’s third bond issuance seen as support for Hong Kong's development as an offshore renminbi business centre.
Hong Kong’s PMI rises to 51.4 in July
As new orders show resumption in growth.
Analyst warns Chinese banks on risk from rising local government debt
79% of China's local government debt were from bank loans, according to the National Audit Office.
Hong Kong’s restaurant receipts up 5.8% to $21.2bn
Total restaurant receipts increased by 1.7% and 0.4% in volume in April and June after discounting the effect of price changes.
Ashley Alder appointed as Securities & Futures Commission chief
Alder is an international law firm partner, specialising in areas of capital markets, mergers and acquisitions.
Westpac CEO: Australians are too glum about economy
Despite booming resources sector a survey showed 47% of businesses sees weakening of Queensland economy in the next 12 months.
Consultation respondents demand statutory regime on MPF products
The regime aims to regulate the sale and marketing of MPF products before the implementation of the Employee Choice Arrangement.
GDP forecast revised
Economists at HSBC raised it from 5.5 to 6.4 for 2011.
Hong Kong 3rd in foreign direct investment flows worldwide rankings
Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.
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