Hong Kong
Home affordability ratio approaches danger level
A spike in Hong Kong’s home affordability ratio raises fears of future payment defaults by home owners.
Home affordability ratio approaches danger level
A spike in Hong Kong’s home affordability ratio raises fears of future payment defaults by home owners.
Hang Seng Bank grows in a slowing economy
A growth in lending income propels profits of Hang Seng Bank Ltd by 14%.
Renminbi accounts to be available to non-HK residents
Renminbi services will be available to them from August 1.
AIA takes out billion dollar loan for ING insurance buy-in
Hong Kong’s top insurance company will finance its planned acquisition of ING Group NV’s insurance operations with bank loans.
HKEx completes acquisition of LME
Shareholders of the London Metal Exchange have approved their company’s takeover by the Hong Kong Exchanges & Clearing Ltd.
Luxury rents in Hong Kong to fall further
Rents for luxury homes are expected to fall again by 4.2% in the second half of the year after plunging 7.5% in the first half.
Office space vacancy hits 20-year low
But demand for Grade-A office space declined forcing rents to slip 3.2%.
Inflation slows to 3.7% in June from May
The government expects a further easing of the inflation rate in the coming months due to the difficult external economic environment and lower import prices.
Exports and imports fall from January to May
The volume of Hong Kong's goods re-exports fell 3.3% while that of domestic exports fell 24%.
Insurance faces positive growth prospects
Commissioner of Insurance Annie Choi said the renminbi business is among the growth engines for Hong Kong’s insurance industry.
SFC tackles investor risks
The Securities & Futures Commission warns investors to consider risks that may affect their ROI before making a commitment.
Business firms expect worse Q3
About 19% of Hong Kong firms don’t expect their business situation in Q3 to be better than Q2.
Residential homes to be built at two sites
Hong Kong expects close to 550 homes will be built in new residential sites.
Hong Kong to implement trade fee cut
The city will halve its import and export declaration charges to cut the cost of doing business, the Commerce & Economic Development Bureau said.
Aviation’s green flight path and carbon challenge
Airports connect air and ground transportation systems, and provide the stimulus for economic growth, international trade and social development.
Bring your own device at work!
One of the results of the rise of mobile devices and the consumerization of enterprise IT is that today's employees have increased expectations and demands of the devices they use for work. According to the Citrix Workshifting Index, a Citrix research study released this year, 92 per cent of companies report that they were aware their employees were using personal devices for at least some work-related tasks.
Hong Kongers should be freed from commuting
It's hardly surprising that commuting is regarded as one of the least enjoyable things in life. Often a fruitless limbo between personal and work time, commuting has been identified as one of the main causes of daily stress: lengthy journeys of over 45 minutes are associated with poor sleep quality, exhaustion and health problems.
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