Economy

GDP may have advanced 6.5% in 1Q 2011

Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.

GDP may have advanced 6.5% in 1Q 2011

Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.

Hong Kong March exports up 13.7%

The volume of total exports climbs 17.7%, and the volume of imports soars by 12.9% in the first quarter.

Foreign currency reserve assets increased US$4.3bn in April 2011

The official foreign currency reserve assets of Hong Kong amounted to US$276.9 billion at the end of April.

Hong Kong PMI fell to seven-month low

The headline PMI posted 52.9 in April 2011, down from 54.9 in March.

Housing gets bigger share of Hong Kong residents’ expenditure

Spending on housing and food goes up while residents cut expenses on transport and on clothing and footwear.

Value of Hong Kong total exports up 21.5% in March

Re-exports value grew 21.7% to $275.1bn while the value of domestic exports up 11.6% to $6.4bn.

Hong Kong businessmen optimistic on second quarter

Yet the prevalence of optimistic business expectations among respondents remained unchanged as the proportion of respondents with a favourable...

Inflation rose to 4.6% in March 2011

The year-on-year rate of increase in the underlying inflation rate in March was 4.4 per cent.

Hong Kong has the region’s most demanding bosses

A study shows almost 70% of Hong Kong employers expect their staff to be available while on annual leave or out of office hours.

Hong Kong unemployment rate returns to pre-crisis level--HSBC

Despite falling to 3.4%, analysts maintain a close watch on external risks and impact of the upcoming implementation of minimum wages.

Hong Kong goods re-exports up 20.5%

In the first 2 months of 2011, the volume of total exports grew 19.9%, and the volume of imports rose 14%.

Hong Kong’s composite interest rate surges to 0.24%

Upward adjustments of the weighted deposit rate and interbank rates prompted the surge.

Monetary Authority warns public to manage interest-rate risks properly

HKMA predicts Interest rates to go up as Hong Kong is seen to follow several Asia economies raising of interest rates to combat inflation.

Legislators approve proposal to give $6000 to each adult Hong Kong permanent resident

The proposal was passed by 34 votes, with 11 abstentions and none opposed.

Overall business payment performance in Hong Kong improves

Yet future uncertainties brought about by geopolitical tensions in the Middle East and repercussions from Japan earthquake may bring down overall...

HKMA warns rapid credit growth unsustainable

The agency plans to boost monitoring of the business plans and funding strategies of authorised institutions as banks’ HK dollar loan-to-deposit...

Secretary for Commerce and Economic Development Rita Lau resigns

She tendered her resignation to the Chief Executive for health reasons.