Economy
October exports soars 13.9% while imports up 14%
Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.
October exports soars 13.9% while imports up 14%
Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.
Fitch upgrades Hong Kong's rating to AA+
Fitch's decision deemed as acknowledgement of Hong Kong's economic strength and its success in weathering international financial crisis.
Overall consumer prices up 2.6%
The rate of increase in October was mainly due to higher increases in private housing rentals and the prices of food.
Hong Kong upbeat on positive IMF forecast
Despite projected 6.75% economic growth, HK remains vigilant and continue to deal with the challenges that monetary policies in the developed...
Late and default business payment stabilising
70% of enterprises finding financing easier to obtain despite caution on rising materials cost and deteriorating payment performance within the...
Hong Kong boosts UK business growth in China
HK's robust financial regulatory regime enhances its attractiveness as an international financial centre, especially as an offshore renminbi centre.
SME loan guarantee scheme to end
The scheme to cease effect this yearend, as the lending environment has improved.
Hope on the horizon for Hong Kong’s lethargic job market
Hong Kong's unemployment rate might have held steady at 4.2% for the three-month period to October, but HSBC says the headline number hides more...
Hong Kong employment back to pre-crisis levels
Hong Kong’s employment numbers is back above pre-crisis levels, with the labour force's still expanding.
HK still far out of financial danger
CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.
Hong Kong maintains GDP growth by 6.8%
External trade contributes to Hong Kong’s GDP behind domestic demand and further expansion in intra-regional production activity in the Asian markets...
Monetary policy is working in Asia: HSBC
The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.
September goods re-exports volume up 19%
The highest export volume to Japan grew 22.9%, the highest, followed by Taiwan, 19%; and to China, 18.4%.
HK sets initial minimum wage rate at $28/hr
Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank...
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Hong Kong economy seen to grow by 5.7%
Yet growth expected to ease on as global economy decelerates while assets will heat up.
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