In Focus
Residential property deals in its lowest since 2009
Monthly transactions totalled only 6,000-7,000 in July and August, almost 50% lower than the average monthly volume in 2009 and 2010.
Residential property deals in its lowest since 2009
Monthly transactions totalled only 6,000-7,000 in July and August, almost 50% lower than the average monthly volume in 2009 and 2010.
Hong Kong’s Exchange Fund assets plunge $38b in August
The Monetary Authority announced that total assets of the Exchange Fund amounted to a whopping $2.45t at the end of the month.
Why not make that runway our office lobby?
The idle Kai Tak Airport, being tapped for housing, could be redeveloped to add as much as 40 million square feet of prime offices by 2021.
Hong Kong’s nominal wage up 8% in June
As 73% of companies reported increases in average wage rates in June compared with a year ago.
Hong Kong real estate market set for ‘soft landing’: Financial Secretary Tsang
“Transactions have fallen and prices are starting to trend down slowly,” Hong Kong Financial Secretary John Tsang said in an interview.
Government to start next phase of Scheme $6,000
Through this scheme, a sum of HK$6,000 will be given to each holder of a valid Hong Kong Permanent Identity Card, aged 18 or above.
3 airlines to cut fuel surcharges in October
But which airlines are these and by how much are they reducing the costs?
Inflation is likely to slow, expects analyst
Standard Chartered forecasts Hong Kong's CPI inflation at 5.6% in August.
Property shocker: Tightening liquidity may push mortgage rates up
This may worsen the already weak real estate sentiment further, according to a Reuters report.
Outward processing exports to Mainland up 13% to $145b
This accounts for 34% of Hong Kong’s total exports in Q2 2011.
We will empower women workers: Labour chief
This as more women have joined Hong Kong’s labour market since May compared to 2010.
Hong Kong’s second quarter GNP up 11.1%
A net external factor income inflow of $24.3bn was posted.
Hong Kong vies to become the offshore renminbi centre for global businesses
The government presented in London to attract European firms to use Hong Kong’s renminbi financial platform.
Wanted: 23% of Hong Kong employers optimistic on hiring
The city's net employment outlook stands favorably at +21% in Q4 2011.
Hong Kong stocks suffer biggest decline since early August
Hang Seng Index was down 3.4%, with HSBC shares falling 4.3% after losing its top Hong Kong executive to Blackrock Inc.
Retail industry records biggest rise in business receipts
Boost was from what was described as “vibrant” local consumption demand and tourist spending.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
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