Economy
Hong Kong residents tighten their belts
Hong Kong residents tighten their belts
The retail sales picture for August show markedly lower spending for luxury and non-essential items with buyers focusing spending on basic...
ADB downgrades China’s GDP forecast
An update of ADB’s Asian Development Outlook 2012 lowers PRC’s 2012 forecast to 7.7% from the projected 8.5%.
Hong Kong’s monetary picture stays bleak
Total deposits in Hong Kong’s banking system inched forward by just 1% in August, said the Monetary Authority.
Mainlanders flooding Hong Kong this Golden Week
Mainlanders traveling in groups or singly are expected to increase by about 10% during China's National Day Golden Week holiday that began Sunday.
Hong Kong's first FTA with Europe now in effect
The first free trade agreement between Hong Kong and the European Free Trade Association member states of Iceland, Liechtenstein, Norway and...
Credit Suisse predicts Hong Kong recession in Q3
Credit Suisse Group AG predicts Hong Kong’s growth to fall to 1.4% this year from its previous forecast of 2% on weakening domestic demand.
What you need to know about Hong Kong's banking history
The beginning of banks in Britain
High-end office rents remain soft
Premium office rents fell further in the third quarter with the average rate tumbling 23% from its peak level in 2008.
Taiwan encourages more business deals with Hong Kong
More business exchanges in services between Hong Kong and Taiwan will ultimately serve to boost the economies of both states.
Hong Kong retains AA+ Fitch rating
Fitch Ratings has affirmed Hong Kong's Long-Term Foreign- and Local-Currency Issuer Default Ratings at AA+.
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.
Consumer prices up 3.7%
Net inflation rose 3.7% in August year-on-year despite a respite from rent increases.
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 falls behind Singapore in wealth management
Singapore's rich has a combined US$439 billion in 2011 compared to Hong Kong’s with US$408 billion.
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.
Negative export growth this year
Hong Kong stands to see no growth in its total exports for this year as businessmen remain pessimistic about the economy.
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