In Focus
Tsang to retain LegCo presidency
Pro-Beijing Jasper Tsang Yok-sing will retain his post as President of Hong Kong’s Legislative Council.
Tsang to retain LegCo presidency
Pro-Beijing Jasper Tsang Yok-sing will retain his post as President of Hong Kong’s Legislative Council.
Foreign currency reserves reached US$301.2b in September
That is a US$3b increase from August, says the Monetary Authority.
Men still rule Hong Kong board rooms
Some 40% of Hang Seng Index companies had no women directors in 2011.
Building boom begins in Hong Kong
Hong Kong braces for a housing boom in the next six years fueled by developers awash in cash from the prolonged low-interest regime.
Hong Kong’s monetary picture stays bleak
Total deposits in Hong Kong’s banking system inched forward by just 1% in August, said the Monetary Authority.
Hong Kong's first FTA with Europe now in effect
The first free trade agreement between Hong Kong and the European Free Trade Association member states of Iceland, Liechtenstein, Norway and Switzerland came into force yesterday.
HK$2 increase in hourly minimum wage coming
The government is to increase Hong Kong’s minimum wage by HK$2 to HK$30 per hour on Labour Day 2013.
NWL to build more homes in Hong Kong
Property firm New World Development Company Ltd reported a net profit for fiscal 2012 that was 11% higher than a year ago but below market forecasts.
High-end office rents remain soft
Premium office rents fell further in the third quarter with the average rate tumbling 23% from its peak level in 2008.
Consumer prices up 3.7%
Net inflation rose 3.7% in August year-on-year despite a respite from rent increases.
Hong Kong falls behind Singapore in wealth management
Singapore's rich has a combined US$439 billion in 2011 compared to Hong Kong’s with US$408 billion.
Residential property market to shrink by a fourth
Hong Kong’s banks are in for more pain as the new and unduly strict rules to curb property speculation choke decelerating market growth even further.
Negative export growth this year
Hong Kong stands to see no growth in its total exports for this year as businessmen remain pessimistic about the economy.
HKMA sets restrictive guidelines to avert property bubble escalation
The Monetary Authority has issued tougher guidelines that order banks to tighten underwriting criteria for loans and to set a maximum loan tenor for all new mortgage loans.
More agreements signed with Guangdong
Seven agreements that include the further liberalization of Guangdong's trade services sector were signed between Hong Kong and that south China province.
US stimulus endangers Hong Kong; recession now more likely
The massive new stimulus announced by the US Federal Reserve Sept. 13 has forced Hong Kong to take immediate action to prevent its tumble into recession and a return of the property bubble.
Hong Kong and South Korea's richest men talk business
Li Ka-shing and Lee Kun-hee, Co-Chairman of Samsung Electronics met in Hong Kong to discuss ways to expand cooperation, especially in handset and network businesses.
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