Economy
Net FDI in Hong Kong improves
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.
Hong Kong: A liquidity boom underpins a credit revival
Excess liquidity and very low interest rates will likely prevail given the potential for more capital flows into Hong Kong, according to Macquarie...
Renminbi appreciation may reduce HK dollar demand
The European debt problems and Mainland's policy tightening might cause some slowdowns in HK economic growth.
Hong Kong's jobless rate falls to 4.3%
But unemployment rate of 20 to 24 age group rose by one percentage point to 12.1%.
GDP jumps 6.5%
Total exports rose 20.1% in real terms compared to last year while investment spending saw a 15.2% increase.
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