Economy
Hong Kong BOP deficit hits $7.1 billion
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.
More agreements signed with Guangdong
Seven agreements that include the further liberalization of Guangdong's trade services sector were signed between Hong Kong and that south China...
US stimulus endangers Hong Kong; recession now more likely
The massive new stimulus announced by the US Federal Reserve Sept. 13 has forced Hong Kong to take immediate action to prevent its tumble into...
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...
Pro-democracy parties prevail in LegCo election
Hong Kong's pro-democracy candidates rode a wave of strong anti-China sentiment to emerge with a small but decisive minority in the Legislative...
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)...
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.
Universal suffrage in Hong Kong by 2017?
Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.
Hong Kong 9th most competitive in the world
Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.
Hong Kong company completes purchase of Saab
Hong Kong-owned National Electric Vehicle Sweden said it has completed its takeover of bankrupt Swedish automaker Saab Automobile and will market its...
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