In Focus
Finance secretary: Hong Kong dollar is stable
Tsang said downgrade of US debt rating by itself would not spark crisis but by other economic factors.
Finance secretary: Hong Kong dollar is stable
Tsang said downgrade of US debt rating by itself would not spark crisis but by other economic factors.
Fear-induced trading pushes Hong Kong stocks down
Hong Kong shares dropped to their lowest since July 2010 following the downgrade of US’ credit rating.
Beware of faster inflation, says economist
Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.
Hong Kong flat sales fall by 37%
Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.
Hong Kong 3rd in foreign direct investment flows worldwide rankings
Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.
Hong Kong tourists up 14.7% to 20mn
Arrivals of Chinese tourists soared more than 20% to over 12 million behind the Mainland’s positive economic environment.
Less buyers, less loans
The number of new mortgage applications dropped 30.3 percent in June.
Hong Kong businessmen look forward to an upbeat third quarter
More survey respondents in the real estate, financing and insurance sectors expect their employment situation to improve.
Hong Kong consumer prices up 5.6% in June
Only the durable goods sector suffered a 3.7% drop in prices.
June exports up 2.7% while imports rise 5.1%
Yet the volume of re-exports dipped 5.3%, while domestic exports volume fell by 10.3%.
Government to review bus franchises
Three firms are interested to renew their franchises for another decade.
Government keen on proposed Competition Bill
Commerce & Economic Development secretary stressec that the bill will be instrumental in protecting SME’s right to compete in the market.
It’s no-sales weekend for five of the biggest private apartment projects
This is the first time since November amidst higher mortgage rates.
Hong Kong launches iBond subscription
Inflation-linked retail bond can be availed by Hong Kong residents through any of the 20 placing banks, securities brokers or the Hong Kong Securities Clearing Company.
Market volatility no effect on Hong Kong capital markets’ strength
More overseas companies seen to list in Hong Kong in the second half as new IPOs may reach up to HK$380bn in value in 2011.
Hong Kong’s IPO sees best interim performance in 10 years
An expected total fund raised of HK$400bn by 2011 end as companies use Hong Kong listing to tap China market.
Imminent Hong Kong protests seen as wealth gap widens
CE Tsang’s unpopularity in survey revealing his failure to solve Asia’s biggest rich-poor divide seen to trigger protests.
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