News
Hong Kong BOP deficit hits $7.1 billion
Hong Kong recorded a balance of payments deficit of $7.1 billion in 2Q12, as against a surplus of $63.8 billion in the first quarter.
Hong Kong BOP deficit hits $7.1 billion
Hong Kong recorded a balance of payments deficit of $7.1 billion in 2Q12, as against a surplus of $63.8 billion in the first quarter.
LUKoil delays Hong Kong listing to 2013
LUKoil, Russia's second largest oil company, has postponed its Hong Kong listing to 2013.
More rich becoming less richer in Hong Kong
The continuing economic slump reduced the ranks of the rich in Hong Kong by over 17% in 2011.
Hong Kong is again world's freest economy
Hong Kong has again been cited as the economy that offers the highest level of economic freedom worldwide.
Hong Kong bankruptcies on the rise
Businesses are taking a beating amid the worsening economic crisis with bankruptcy petitions rising 12.3% in August compared to July.
Construction of residential homes on the rise
Construction of residential homes accounted for more than half of the total value of construction in Hong Kong during the second quarter.
Hong Kong has future as top IT center
Hong Kong could become Asia's leading information technology center because of its many competitive advantages, said international commercial real estate services firm Cushman & Wakefield.
Cathay and Dragonair seek fare hike
The Philippines' airline regulator will hear on September 26 a petition by Hong Kong airline firms, Cathay Pacific Airways Ltd and Dragon Airlines Ltd, to increase passenger fares.
HKEx introduces renminbi ETFs
Hong Kong Exchanges and Clearing Ltd has launched the city's first deliverable renminbi or yuan currency futures contract based on the renminbi and the US dollar exchange rate.
Sun Hung Kai reports slowdown in operations
Hong Kong's efforts to contain rising property prices have slowed the growth of Sun Hung Kai Properties Ltd, the largest property developer in the city.
Hutchison retains Fitch’s A-rating
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its Short-Term IDR at 'F2' of Hutchison Whampoa Ltd.
Tsang warns anew against asset bubbles
Financial Secretary John Tsang is again warning about the risk of asset bubbles since the global economy remains in turmoil.
Rwandan President urges Hong Kong to invest in his country
Paul Kagame, President of the Republic of Rwanda in central eastern Africa, asked Hong Kong's businessmen to invest in his country and be part of its economic revival.
Tourism shines in gloomy economy
Tourism continues to bring in more revenue for Hong Kong despite a general slowdown in tourism worldwide.
Tsang attends APEC leaders' meeting
Financial Secretary John Tsang is at the APEC Economic Leaders' Meeting in Vladivostok, Russia that has endorsed a joint declaration covering transparency, green growth and food supply.
Hong Kong shares jump on China infrastructure stimulus
Hong Kong stocks posted their largest single day gain in 10 months Sept 7 after China's announced a massive US$158 billion (RMB1 trillion) infrastructure stimulus.
Hong Kong signs free trade pact with Chile
Hong Kong and Chile last Sept 7 signed a free trade agreement that took only a year to complete.
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