Economy

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.

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.

Capital-works spending to reach $49.6bln

Capital-works spending is seen to provide 62,500 job opportunities, including 6,600 for professional and technical staff, and 55,900 for workers.

Hong Kong ranks first place in the Index of Economic Freedom

Hong Kong remains the world's most free economy for the 17th consecutive year, according to Heritage Foundation.

Hong Kong ranks 8th largest foreign currency holder

Hong Kong's official foreign currency reserve assets amounted to US$268.7 billion in December 2010.

HK earns $17.2 bln surplus from taxes

Expenditure for the eight-month period amounted to $195.7 billion with revenue of $212.9 billion.

HK and China forge better financial ties

Both parties to further develop the renminbi bond market in Hong Kong and to help Chinese enterprises issue bonds in Hong Kong.

Consumer prices jump 2.9% in November

The increase in consumer prices passed the corresponding 2.6% increase in October, according to Census & Statistics Department figures released...

Hong Kong GDP for 2011 seen at 5.2%

Hong Kong GDP forecast for next year is expected to exceed the consensus of 4.6%.

32% of HK exports to China for outward processing

$377.7bln of Hong Kong's total exports to China were for outward processing, an increase of 26% in the first nine months this year.

Hong Kong gross domestic product grows 6.8% in Q4

Net output in all the service activities taken together rose 6.9% in real terms in the quarter.

Hong Kong unemployment rate down 4.1%

Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.

S&P raises Hong Kong ratings to AAA

The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.

China completes RMB8bln bonds issue in Hong Kong

Success of the move showed HK investors’ confidence in the sustainable development of the China's economy.

Hong Kong's gross national product up 7.9%

The gross domestic product, estimated at $453.9 billion, recorded a 9.5% increase.