News

Fung buys French high-fashion house, Sonia Rykiel

Sonia Rykiel, one of the last family-owned French luxury brands founded by one of the world’s 10 most elegant women, has severed its continental roots and is moving its ownership to Hong Kong. Read ››

Microfinance pilot scheme a definite go

The highly-anticipated microfinance pilot scheme will begin loaning start-up capital to qualified business owners in the middle of this year. Read ››

Graff Diamonds to open second Hong Kong branch

More IPO glitter comes to Hong Kong. Graff Diamonds, the London-based jeweler that claims to have handled more exceptional gems than any other, will IPO in Hong Kong to finance its expansion within Asia, especially in China. Read ››

Global crisis + low season = floundering property market

The January numbers for Hong Kong’s property market sectors mostly make for disheartening reading. Read ››

Easy money draws droves of Hong Kong investors

What should have been a humdrum day of selling banknotes marking the Bank of China’s 100th anniversary spun out of control into a “Get rich quick” opportunity that drew frantic investors by the hundreds. Read ››

Investors avoid initial gold ETF in RMB

All that glitters isn’t gold, including gold exchange-traded funds denominated in renminbi. Read ››

Widespread protests hit plan to ease road travel between Hong Kong and Guangdong

It's no longer about left-hand driving versus right-hand driving. An on-the-ground and online campaign is being waged by Hong Kong residents against a plan to ease road travel between Hong Kong and Guangdong. Read ››

Hong Kong needs more foreign workers

Age is finally catching up to Hong Kong's aging and declining work force. Read ››

Goodbye to cross-border permits?

Motoring to Guangdong from Hong Kong will be easier starting March—but only for a few. Read ››

Houston and Hong Kong look to more trade

Hong Kong and the largest port city and city in Texas have a lot in common. Read ››

More spectrum for Hong Kong's mobile phones

With two mobile phones to every person, Hong Kong is Asia’s most “mobile” place. Read ››

Hong Kong to keep after property speculators

The frantic need to curb property speculation seems to trump all other considerations in Hong Kong. Read ››

HK throws start-ups a lifeline

A pilot micro-financing scheme just proposed by the government will entitle self-employed individuals and those undertaking self-enhancement training to borrow up to HK$300,000 each. Read ››

Property prices could lose a fourth of their value by 2013

Government's moves to check real estate speculation and prevent the housing bubble from bursting are working—but at the expense of already battered middle-class home owners. Read ››

Hong Kong to bite the bullet—again

It’s official: Hong Kong’s about to experience big-time pain. So much for the lucky Year of the Water Dragon. Read ››

Hong Kong rents keep falling and falling

Cheaper rents have become one of the few upsides to the dour economic climate besetting Hong Kong. Read ››

Is Hyperinflation coming to Hong Kong?

What’s good for the USA financially could spell ruin for Hong Kong. Read ››

New billing system soon operational at HKIA

Hong Kong International Airport has signed a contract to keep up with increasing passenger and cargo traffic that is expected to almost double in 20 years. Read ››

HSBC continues retail banking restructuring

The banking giant sells off four units in just two days. Read ››

Who will buy HSBC Holdings' non-life insurance operations?

It's either Europe's Axa or Zurich's Ace - we'll probably know by late February. Read ››

U.S. dollar grows stronger in Hong Kong amid banking crisis

Hong Kong’s savers are apparently abandoning the renminbi for the still mighty but battered U.S. Read ››

More pain for Hong Kong’s consumers

Rising food and rent prices drove inflation upwards to 5.7% in December compared to the same period in 2010. Read ››

Employers not firing staff, but aren’t hiring either

Over 90% of all businesses surveyed in HSBC's December PMI reported no changes to their headcount. Read ››

Taiwan prefers China over Hong Kong

In banking as well as trade, size truly matters. Despite its ongoing travails, China's huge economy is attractive enough for Taiwan's bankers to rate it as their top overseas market this year and the one promising the highest growth A survey by the non-profit Taiwan Academy of Banking and Finance showed that 37% of polled banks and financial holding companies in Taiwan feel mainland China would top their overseas markets. Read ››

Hong Kong domestic exports plunge 20.6% yoy

Exports continue to wilt before the worldwide economic slowdown. The Census & Statistics Department reported that domestic exports dropped sharply by 20.6% from January to November 2011 compared to the same period in 2011. Read ››

Hong Kong Business High-Flyers awardees revealed

Hong Kong's best companies were recognized at this year's awards held at Hotel LKF. Read ››

Ailing Hong Kong needs more than band aid therapy

Petty solutions aren’t going to do it for Hong Kong, which stands to take a tremendous hit from the explosive Eurozone debt crisis. Read ››

PCCW upgrades submarine cable for faster Internet

Coherent optical 100G networking solutions will be used to speed up its services in the city. Read ››

Hong Kong has second best bureaucracy in Asia

Guess who topped the ranking and beat Hong Kong? The city’s bureaucracy is the second best or most efficient in Asia, according to a report by the Political & Economic Risk Consultancy Ltd (PERC). Read ››

Hong Kong ranked the world’s freest economy

The Mainland meanwhile ranked 138th out of 179 economies. A report by the Information Services Department said that according to the 2012 Index of Economic Freedom released on 12 January 2012, Hong Kong scored 89.9 out of 100, with world average at 59.5. Read ››

Hong Kong's stock brokers rally to defend 90 minute work break

When is lunch not lunch?- When it's a Hong Kong stock broker lunch. Read ››

Hong Kong posts record gold exports to China

China's insatiable appetite for gold is driving Hong Kong's gold traders to seventh heaven as exports surged 19%. Read ››

Morgan Motors appoints its first dealer in Beijing in over a century

The British automotive company is now setting its sights on China as a potential engine of growth. Read ››

Hong Kong's air pollution drives businesses to Singapore

Air pollution is a pox on Hong Kong’s business. Just how bad can be gleaned from a report by the city's Environmental Protection Department which said pollution readings at three roadside monitoring stations in Hong Kong's Central, Causeway Bay and Mong Kok commercial districts showed that pollution levels were above the 100 mark more than 20% of the time. Read ››

Will Hong Kong bankers have more money in the bank?

Survey shows Hong Kong-based investment banking and fund management staff expect an average bonus worth 37% of their salary for 2011. Read ››

Central rents to fall 14% in 2012, says analyst

The downturn is unlikely to be anywhere near as severe as in the late-1990s, according to HSBC. Read ››

Foreign currency reserves rise a puny 1% in December

One of Hong Kong’s defenses against a recession has again inched upwards. Read ››

Hong Kong Airlines dares to take on Cathay Pacific

Hong Kong Air plans to acquire some 100 aircraft for its fight against Cathay Pacific. Read ››

Newly registered companies up 6.31%

The figure for 2011 was a record high of 148,329. Read ››

Hong Kong is top IPO destination for 3 consecutive years

IPO market continues to be promising in 2012 as HK$230bn total funds raised through IPOs in Hong Kong is expected this year. Read ››