News
HSBC unveils Risk Controlled Greater China Fund
HSBC remains committed to providing customers with the most diligent investment solutions amidst market volatility of Hong Kong investors.
HSBC unveils Risk Controlled Greater China Fund
HSBC remains committed to providing customers with the most diligent investment solutions amidst market volatility of Hong Kong investors.
Global shipping recovery to continue behind impending acquisitions
China and the rest of Asia Pacific’s shipping demand was seen as primary driver of global shipping growth.
Hong Kong maintains GDP growth by 6.8%
External trade contributes to Hong Kong’s GDP behind domestic demand and further expansion in intra-regional production activity in the Asian markets.
September goods re-exports volume up 19%
The highest export volume to Japan grew 22.9%, the highest, followed by Taiwan, 19%; and to China, 18.4%.
Luxury property transactions up 86% over $20mln
Financial Services & the Treasury Department issued tax assessments for the remaining 1,650 taxable cases, including $410mln in profits tax.
HK sets initial minimum wage rate at $28/hr
Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.
HSBC launches real-time online retail bond trading platform in HK
The platform offers wide range of bonds and CDs with subscription amount as low as HK$50,000.
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Hong Kong is a favourable relocation destination for expats
Nearly 9 in 10 Hong Kong-based expats found it easy to travel around locally, while 58% of HK respondents say it was easy to find accommodation.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
Cathay Pacific and Dragonair reduces carbon emissions
Sister companies brought environmental,social benefits to Pearl River Delta by buying 30,000 tonnes of carbon-emission reductions.
HSBC completes renminbi trade settlement in Brazil
The lender has settled in RMB across six continents with the deal in the South American country.
Dragonair expands network with Sendai and Okinawa
Addition of two Japan destinations aims to position Hong Kong as an international aviation hub.
OOCL launches Mobile Rates of Exchange
The service enables customers to access inbound and outbound rates of exchange for a particular port through mobile phones.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
September renminbi deposits up 14.5%
HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.
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Commentary
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