Economy
Hong Kong to add $1bln to support SMEs
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.
Hong Kong's insurance industry premiums up 14.5%
Net premiums rose 11.8% to $11.7bln while overall underwriting profit stood at $1.3bln.
Exchange Fund total assets up by $4.2bln
July total deposits rose 1.8%, with 1.1% and 2.5% rise in HK dollar and foreign-currency deposits.
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