In Focus
NWL to build more homes in Hong Kong
Property firm New World Development Company Ltd reported a net profit for fiscal 2012 that was 11% higher than a year ago but below market forecasts.
NWL to build more homes in Hong Kong
Property firm New World Development Company Ltd reported a net profit for fiscal 2012 that was 11% higher than a year ago but below market forecasts.
High-end office rents remain soft
Premium office rents fell further in the third quarter with the average rate tumbling 23% from its peak level in 2008.
Consumer prices up 3.7%
Net inflation rose 3.7% in August year-on-year despite a respite from rent increases.
Hong Kong falls behind Singapore in wealth management
Singapore's rich has a combined US$439 billion in 2011 compared to Hong Kong’s with US$408 billion.
Residential property market to shrink by a fourth
Hong Kong’s banks are in for more pain as the new and unduly strict rules to curb property speculation choke decelerating market growth even further.
Negative export growth this year
Hong Kong stands to see no growth in its total exports for this year as businessmen remain pessimistic about the economy.
HKMA sets restrictive guidelines to avert property bubble escalation
The Monetary Authority has issued tougher guidelines that order banks to tighten underwriting criteria for loans and to set a maximum loan tenor for all new mortgage loans.
More agreements signed with Guangdong
Seven agreements that include the further liberalization of Guangdong's trade services sector were signed between Hong Kong and that south China province.
US stimulus endangers Hong Kong; recession now more likely
The massive new stimulus announced by the US Federal Reserve Sept. 13 has forced Hong Kong to take immediate action to prevent its tumble into recession and a return of the property bubble.
Hong Kong and South Korea's richest men talk business
Li Ka-shing and Lee Kun-hee, Co-Chairman of Samsung Electronics met in Hong Kong to discuss ways to expand cooperation, especially in handset and network businesses.
New IPOs welcome news for Hong Kong
Two mainland Chinese companies intend to raise some US$1.1 billion by making their initial public offerings in Hong Kong.
Pro-democracy parties prevail in LegCo election
Hong Kong's pro-democracy candidates rode a wave of strong anti-China sentiment to emerge with a small but decisive minority in the Legislative Council after Sunday's election.
Hong Kong to restrict foreign homebuyers
Hong Kong’s government has announced rules that will severely restrict non-residents from buying property in the city.
Universal suffrage in Hong Kong by 2017?
Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.
Hong Kong home sales still weak
The number of homes sold in the first seven months fell 22% to 46,910 from the same period a year ago.
HSBC expands prime services unit
HSBC Holdings Plc has bolstered its equities and prime services units with the appointment of nine senior executives to its Asia Pacific operations.
Hong Kong fiscal deficit jumps 200% to $21.6b
The government reported a massive deficit for first the four months of the financial year 2012/13.
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Commentary
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