Economy
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
China to overtake US as biggest banking economy by 2023—PwC
Experts expect domestic banking assets to exceed US$30 trillion by 2030.Â
Hong Kong and Czech Republic ink tax agreement
Hong Kong is still seeking to widen its network of tax agreements with major trading and investment partners.
Hong Kong to boost copyright protection
Copyright (Amendment) Bill 2011 aims to be more flexible in the wake of rapid advances in technology.
Government posts almost $2bln surplus in April
As at 30 April fiscal reserves stood at $597 billion.
March renminbi deposits in Hong Kong up 13%
Deposits in the currency climbed to 510.7bn renminbi while the Hong Kong-dollar loan-to-deposit ratio declined to 80.4% from 81.7%.
Hong Kong April exchange fund gains $38.5bn
Valuation gains on foreign currency investments and an increase in certificates of indebtedness boosted Hong Kong’s foreign currency assets.
Hong Kong April total imports up 6.1%, exports up 4.1%
A visible trade deficit of $42.4bn, 14.4% of the value of goods imports, was recorded.
Only 4% of Fortune 500 companies have Asian directors
Of these 105 board directors with Asian descent, 22 live and work in Asia and hold board seats at 21 Fortune 500 companies.
Hong Kong banks’ sales process needs improvement
Monetary Authority and SFC regularly supervise banks to ensure that their duties of disclosing accurate and adequate information and presenting...
Inflation may deteriorate corporate payment performance--Coface
Study says Hong Kong is vulnerable to a sudden rise in risk aversion that could lead to a bust of the real estate bubble.
Hong Kong’s first quarter exchange fund yields $24.2bn
Monetary Authority said Hong Kong’s interest-rate cycle and capital flow will be affected by the US’ quantitative easing policy.
April new mortgage loans drawn down falls 12% to HK30bn
The proportion of new mortgage loans priced with reference to the Hang Seng Interbank Offered Rate slid to 89.8% from 91.7% in March.
Hong Kong’s April inflation up 4.6%
Surge in private housing rentals and food, excluding meals bought away from home caused the slight increase in overall consumer prices.
SFC reappoints Wong Kai-man director
Wong’s promotion of the commission's good corporate governance prompted SFC to reinstate him in his post.
Hong Kong unemployment rate up to 3.5%
Total employment rose notably in February-April, by 8,200 to 3,585,500 but outpaced by an even bigger increase in the labour force.
HKMA warns of deposit and lending rate increase
The supply and demand of the Hong Kong dollar in the local banking system is the key factor behind the change in deposit and lending rates.
Read Here
Advertise
Sign Up
Commentary
Transforming Hong Kong into a climate tech powerhouse