Economy
HK still far out of financial danger
CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.
HK still far out of financial danger
CE Tsang is concerned on the impact of the US’ second round of quantitative easing on Asian economies.
Hong Kong maintains GDP growth by 6.8%
External trade contributes to Hong Kong’s GDP behind domestic demand and further expansion in intra-regional production activity in the Asian markets...
Monetary policy is working in Asia: HSBC
The acceleration in bank lending in Hong Kong has been especially noticeable, according to HSBC.
September goods re-exports volume up 19%
The highest export volume to Japan grew 22.9%, the highest, followed by Taiwan, 19%; and to China, 18.4%.
HK sets initial minimum wage rate at $28/hr
Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank...
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Hong Kong economy seen to grow by 5.7%
Yet growth expected to ease on as global economy decelerates while assets will heat up.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
HK sets three-month trial for new electric cars
Toyota Prius Plug-in Hybrid trial is part of a global testing scheme to make Hong Kong a electric-vehicle-friendly city.
Exchange Fund yields $74bln in third quarter
Yet the Monetary Authority expects a lower income from the bonds market in the fourth quarter.
New mortgage loans in September up 2.4%
The average loan-to-value ratio of new loans approved down to 58.6% from 61.4%.
September renminbi deposits up 14.5%
HK dollar loan-to-deposit ratio dropped by a percentage point at the end of September, as HK-dollar loans rose slower than deposits.
Companies Registry produces $141m surplus
107,416 new companies were incorporated during the year as technology shortened the process of starting a business.
HK and India agree to expedite tax-cut plan
Chief Executive Donald Tsang invited Indian companies to list in HK bourse as he asked Indian authorities to consider granting visa-free access to HK...
Survey shows climate change top concern in Hong Kong
Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.
September total exports up 24% to $280.2bln
A trade deficit of $24.4bln, equivalent to 8% of the value of imports of goods, was recorded in September.
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