In Focus
Business operations in HK could slow down
Business operations in HK could slow down
Foreign companies doing business in Hong Kong could be curbed if the world economy worsens.
Unemployment rate could rise by 50% in 2013
Find out what will fuel the nasty unemployment figures next year.
HKEx to broaden LME offerings in two years
Hong Kong Exchanges and Clearing Ltd intends to offer new commodities about two years from now following its purchase of the London Metal Exchange.
Housing committee to intensify home demand probe
Sec Anthony Cheung said they will also review housing priorities.
Hong Kong investors hoarding cash
Seven in ten said they intend to amass more cash to see them safely through the economic crisis.
Singapore stands to unseat Hong Kong as RMB trading hub
Singapore has issued full banking licenses to branches of two Chinese Big Four banks.
Home prices to continue climbing
A leading Chinese investment bank foresees property prices in Hong Kong jumping 10% this year despite government efforts to dampen soaring prices.
Tsang to retain LegCo presidency
Pro-Beijing Jasper Tsang Yok-sing will retain his post as President of Hong Kong’s Legislative Council.
Foreign currency reserves reached US$301.2b in September
That is a US$3b increase from August, says the Monetary Authority.
Men still rule Hong Kong board rooms
Some 40% of Hang Seng Index companies had no women directors in 2011.
Building boom begins in Hong Kong
Hong Kong braces for a housing boom in the next six years fueled by developers awash in cash from the prolonged low-interest regime.
Hong Kong’s monetary picture stays bleak
Total deposits in Hong Kong’s banking system inched forward by just 1% in August, said the Monetary Authority.
Hong Kong's first FTA with Europe now in effect
The first free trade agreement between Hong Kong and the European Free Trade Association member states of Iceland, Liechtenstein, Norway and Switzerland came into force yesterday.
HK$2 increase in hourly minimum wage coming
The government is to increase Hong Kong’s minimum wage by HK$2 to HK$30 per hour on Labour Day 2013.
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.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong