Economy
Secretary for Commerce and Economic Development Rita Lau resigns
She tendered her resignation to the Chief Executive for health reasons.
Secretary for Commerce and Economic Development Rita Lau resigns
She tendered her resignation to the Chief Executive for health reasons.
Consumers spending remains strong
Retail sales value grew to 18.8% in the first two months, which was strong by any measures.
Inflation to accelerate further at 4.7% in 2011
Consumer price inflation rose to a two-and-a-half year high of 3.7% in February.
Hong Kong’s foreign currency reserve assets down by US$.2bn
The Monetary Authority of the world’s 10th largest holder of foreign currency reserves said there were no unsettled forward contracts at the end of...
Hong Kong PMI expands for 21st straight month
PMI bounced back from the Lunar New Year into solid expansion territory as the March headline PMI jumped to 54.9.
Tourist spending in Hong Kong up 32.7% to HK$210bn
Visitor arrivals seen to grow 39.64mn in 2011, but is dependent on the stability of the global economy and maintenance of China of its robust...
Hong Kong and Spain inks tax deal
The 19% Spanish withholding tax on interest and 24% withholding tax on royalties on Hong Kong residents will both be slashed down to 5%.
Exchange Fund total assets fall by $71.1bn in January
Sales of Hong Kong dollars for foreign currencies and fiscal drawdowns caused the decline in Hong Kong dollar assets.
Hong Kong posts $9.5bn deficit in February
The government expects cumulative surplus to decrease in the last month of the financial year.
Securities & Futures Appeals Tribunal names 12 new members
The appointees to replace outgoing members for two years starting April 1.
Renminbi market sees robust growth
Further development and more offering of investment products are expected in Hong Kong.
Hong Kong and Portugal ink tax agreement
Investors and tourists of both parties to pay lower taxes and transport fees under the pact.
Hong Kong posts $30bn BOP surplus in fourth quarter
Visible trade deficit rises to $88.9bn in fourth quarter 2010 as imports of goods increasing faster than exports.
Hong Kong February inflation rate up 3.7%
Economists see inflationary pressure to further increase in the coming months as global food and commodity prices remain elevated.
GDP grew 6.2% in 4Q
This is compared with the 6.7% increase in the third quarter and for last year as a whole, GDP grew 6.8% in real terms.
Hong Kong inaugurates electronic incorporation service
People can now incorporate companies and apply for business registration through the e-Registry portal.
34% of HK’s exports to China for outward processing
For the entire 2010, 32% of Hong Kong's total exports to the Mainland were for outward processing; the figure was 19% for domestic exports and 33%...
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