In Focus

Hong Kong firms see better prospects overseas

Emerging markets are definitely Hong Kong’s cup of tea but China remains its favourite flavor.

Hong Kong firms see better prospects overseas

Emerging markets are definitely Hong Kong’s cup of tea but China remains its favourite flavor.

Scrapping of capital duty good for investments

Despite a considerable loss in revenue, Hong Kong moves forward with eliminating the tax in order to spur investments.

Credit card use spikes during the holidays

The total value of credit-card transactions in the fourth quarter of 2011 hit $117.2 billion.

The personal touch remains the best way to grow a business

Social networking may be fine but good old person-to-person contacts are even better.

Hong Kong employees work too hard

70% of Hong Kong's employees don't stop working--even at home.

Retail has a good fourth quarter

Tourism helped drive-up Hong Kong’s retail earnings during the fourth quarter of 2011.

Hong Kong now has world’s most expensive office space

It tops the world for the costliest business spaces displacing London.

HSBC sells general insurance business in Hong Kong

AXA will become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong.

Gender equality not yet the norm among top Hong Kong firms

The glass ceiling’s still too low for Hong Kong’s women executives.

Renminbi deposit drop puts the squeeze on banks

Renminbi deposits have fallen to their lowest level since July 2011 in January, said the Hong Kong Monetary Authority. It is the second monthly drop for renminbi deposits.

Somewhat fewer millionaires in Hong Kong last year

The number of millionaires in the city seems to have dwindled somewhat due to the tough times.

Bank capital adequacy ratio on the rise

The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.

HSBC confident of strong growth in 2012-2013

Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping start.

Housing still mired in the basement

New mortgage loans approved in January fell 32% to $6.1 billion compared with December.

Relentless business rent rise to abate this year

Yes, it’s possible for business rents in the most rent-expensive country in the world to become somewhat cheaper.

Confidence in an economic upturn strong in Hong Kong

Optimism amidst adversity is a virtue that keeps Hong Kong resilient.