Economy
Wage rate to be tabled on November
Wage rate to be tabled on November
Government to research on standard working hours that should balance the overall business environment and people's life quality.
Hong Kong strikes technology deal with Alberta
Five-year agreement will enable both governments to explore feasibility of scientific and technological co-operation.
Hong Kong to add $1bln to support SMEs
Ties with the Mainland and Taiwan are also strengthened to further bolster small enterprises.
Hong Kong's ROE lowest at 7.9%
China and Hong Kong were the only markets where ROE fell in 2009, according to HSBC.
Risk of a double-dip recession remains remote
This is because the huge imported monetary stimulus will continue to boost mainland growth, according to HSBC.
Exchange Fund total assets surges by $43bln
Foreign currency assets grew $24.2bln behind gains on foreign currency investments.
Net FDI in Hong Kong improves
The country has historically run a large FDI flow deficit, noted HSBC.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Hong Kong posts double-digit import-export growth in August
Exports to Asia grew 41% especially to Thailand, Vietnam and China.
Second quarter service activity output up 6.3%
Net output for construction sector up 16.3% behind surge in public-sector works.
Hong Kong's air pollution reaches record high
70% of Hong Kong respondents in an April Gallup survey showed dissatisaction with their air quality.
Hong Kong GDP grows 5.9% to $413.5bln
China remains largest external factor income inflow source at 43.8% as GNP $17.6bln larger than GDP.
Second quarter service industries' receipts rise
Yet financing and banking industries recorded slight drops of 2.7% and 0.3% in business receipts.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
Hong Kong companies up to 1.5mln
Electronic incorporation and one-stop service for company incorporation and business registration to lessen registration time.
Employers hold firm grip over salary negotiations
77% of Asia Pacific finance professionals surveyed believe employers control salary negotiation.
Hong Kong ranks sixth in global forex market
Average daily net turnover of foreign exchange transactions jumped 31.3% to US$237.6bln.
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Commentary
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