Economy
HK economy forecast 5% increase
Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.
HK economy forecast 5% increase
Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.
2011 Hong Kong annual inflation forecast at 4%
Food price inflation may rise to 7% in 1Q11 should inflaton in China worsen.
Foreign currency reserve assets down by US$1bln in November
Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.
Hong Kong generally optimistic on economy
85% of Hong Kong respondents in the survey expect it to register growth in GDP for the year.
IMF backs linked exchange rate
IMF forecasts Hong Kong’s economy to grow 6.75% this year and moderate to 5-5.5% next year.
WTO supports Hong Kong free trade regime
A WTO official lauded Hong Kong for being one of the freest economies, its commitment to the multilateral trading system, and its efforts to further...
Hong Kong sign tax pact with New Zealand
The agreement is the 17th aimed for the avoidance of double taxation in Hong Kong by its trading partners.
Hong Kong exchange fund assets up $13.8bln
Backing assets down $1.8bln due to exchange loss triggered by a stronger Hong Kong dollar and the redemption of Certificates of Indebtedness.
October exports soars 13.9% while imports up 14%
Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.
Fitch upgrades Hong Kong's rating to AA+
Fitch's decision deemed as acknowledgement of Hong Kong's economic strength and its success in weathering international financial crisis.
Overall consumer prices up 2.6%
The rate of increase in October was mainly due to higher increases in private housing rentals and the prices of food.
Hong Kong upbeat on positive IMF forecast
Despite projected 6.75% economic growth, HK remains vigilant and continue to deal with the challenges that monetary policies in the developed...
Late and default business payment stabilising
70% of enterprises finding financing easier to obtain despite caution on rising materials cost and deteriorating payment performance within the...
Hong Kong boosts UK business growth in China
HK's robust financial regulatory regime enhances its attractiveness as an international financial centre, especially as an offshore renminbi centre.
SME loan guarantee scheme to end
The scheme to cease effect this yearend, as the lending environment has improved.
Hope on the horizon for Hong Kong’s lethargic job market
Hong Kong's unemployment rate might have held steady at 4.2% for the three-month period to October, but HSBC says the headline number hides more...
Hong Kong employment back to pre-crisis levels
Hong Kong’s employment numbers is back above pre-crisis levels, with the labour force's still expanding.
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