Economy
Composite inflation jumped 3.5% in January 2011
Overall consumer prices rose 3.6% in January over a year earlier, higher than December's corresponding increase of 3.1%, the Census & Statistics...
Composite inflation jumped 3.5% in January 2011
Overall consumer prices rose 3.6% in January over a year earlier, higher than December's corresponding increase of 3.1%, the Census & Statistics...
Moody's: China fuels Hong Kong's growth
Moody's ascribes the strength of growth in many Asian economies in recent years to the benefits of increased integration with China.
Surplus of $60bn to $80bn may be achieved for the full FY2011
Most if not all of the to-be reported FY11 surplus could be viewed as a windfall ready to be saved or spent.
HK government mulls better credit rating rules
The government also plans to amend capital requirements for corporations licensed for Type 10 regulatory activity and connected matters.
Hong Kong GDP might have grown 6.6% in 2010
GDP for the last quarter of 2010 might have grown 5.0% year-on-year.
Hong Kong population rose 0.9% in 2010
There were 6,885,300 usual residents and 212,300 mobile residents in the past year.
Hong Kong 2010 exports up 18%
The prices of total goods exports rose 4.7% while the prices of goods imports went up 6.4%.
Hong Kong credit card receivables up 12% to $87.5bn
Year-end spending and payment of salaries tax boosted credit card use.
Mainland beats Hong Kong in largest holder of foreign currency reserves
Hong Kong ranked ninth as its currency reserve assets amounted to US$273.2 billion at the end of January 2011.
Hong Kong PMI jumps to 55.2 in January 2011
The current reading is an improvement from the 55.0 posted in December 2010.
$41.8bln surplus recorded in December 2010
The surplus in December was mainly due to the receipt of $33.8 billion in investment income on fiscal reserves.
HK December Exchange Fund assets down $45.7bn
Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments...
Hong Kong negative equity mortgages drop to 118 cases
December aggregate value of residential mortgage loans in negative equity down by $50 million from value in September.
Hong Kong’s December overall consumer prices up 3.1%
The underlying consumer price inflation averaged at 1.7% for 2010, as expected by government forecasts.
Salaries in HK seen to increase by 3.8%
A survey reveals employees in pharmaceutical & healthcare industry will see the biggest pay increases among all industries.
HK labor market conditions improve at year-end
Solid economic growth in line with ever-expanding opportunities for Hong Kong service exports upon China's increasing globalization would further...
HK total goods exports up 9.8% in November
The total export volume to the Mainland, US and Japan was up 11%, 10.7% and 4.6% respectively from November 2009.
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