Economy
GDP grew 6.2% in 4Q
GDP grew 6.2% in 4Q
This is compared with the 6.7% increase in the third quarter and for last year as a whole, GDP grew 6.8% in real terms.
Hong Kong inaugurates electronic incorporation service
People can now incorporate companies and apply for business registration through the e-Registry portal.
34% of HK’s exports to China for outward processing
For the entire 2010, 32% of Hong Kong's total exports to the Mainland were for outward processing; the figure was 19% for domestic exports and 33%...
GNP up 6.9% in 4Q 2010
Hong Kong's Gross National Product grew to $477.2 billion, while GDP rose 8.1% to $477.7 billion.
Exchange Fund foreign assets grew to $2.09tn in February 2011
An increase of $53.1 billion was seen on the previous month.
Japan economy to remain resilient in quake aftermath: DBS
Government borrowing is sure to rise and given Japan’s already high (1.8x to 1.9x) debt:GDP ratio, some believe bond yields are likely to rise.
Lawmakers reject $60bn interim funding allocation
Hong Kong people are disappointed as it could have many negative implications.
It’s time to end the HK$ peg
The peg is doing more harm than good and many believe it’s time for it to go.
Revisions in budget proposals will turn surplus to deficit of $12bn
Revised budget proposals of giving $6,000 cash handouts and 75% salary tax rebates would mean a $40 billion stimulus package to consumption and...
Distressed Asian debt hard to find
The great credit crunch of 2009 has passed and unfortunately for distressed debt traders, there is little in the way of bad debt to be traded in Asia...
Financial secretary says revised budget has people's support
Financial Secretary John Tsang says he believes the citizens support his revised Budget measures.
Govt seeks approval to submit revised interim funding motion
The government will submit a revised motion seeking a $60 billion interim funding allocation for initial expenditure.
Central Government to further upgrade Hong Kong's status as international financial centre
The draft National 12th Five-Year Plan highlighted the role of Hong Kong in the country's development.
Hong Kong foreign currency reserves dip by US$500mn
Hong Kong’s official foreign currency reserve assets worth US$272.7bn represent 54% of Hong Kong dollar M3.
Government proposed tax rebate of 75% of salaries tax
The Government has proposed new measures to answer the feedback received since the Budget address.
79% of adults in Hong Kong think that growth of China is good for their economy
87% even say that China will be the most influential economy in the next ten years.
Headline PMI eased to 53.7 in February 2011
February new orders fell to 54.1 from 58.1 in January while February employment index jumped to 52.6 compared to 51.1 in January.
Read Here
Advertise
Sign Up
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong
Hong Kong universities drive market shift: strategic acquisitions for student housing
Innovation at a Crossroads: Hong Kong's Needed Tech Transformation