In Focus
Jones Lang LaSalle launches new online property search platform
Jones Lang LaSalle launches new online property search platform
U.S.-based real estate services firm Jones Lang LaSalle claims its new search platform is more user-friendly.
Hong Kong warehouse rent increase rate highest in the world
Limited supply plus booming demand is pushing warehouse rents in Hong Kong to new heights.
Hong Kong M&A activity reaches US$13b YTD
This is a 19% decline compared to the same period last year, where deal values totaled close to US$16 billion.
Hong Kong firms see better prospects overseas
Emerging markets are definitely Hong Kong’s cup of tea but China remains its favourite flavor.
Hong Kong office space still the world’s priciest
Nothing new here.
Scrapping of capital duty good for investments
Despite a considerable loss in revenue, Hong Kong moves forward with eliminating the tax in order to spur investments.
Credit card use spikes during the holidays
The total value of credit-card transactions in the fourth quarter of 2011 hit $117.2 billion.
The personal touch remains the best way to grow a business
Social networking may be fine but good old person-to-person contacts are even better.
Hong Kong employees work too hard
70% of Hong Kong's employees don't stop working--even at home.
Retail has a good fourth quarter
Tourism helped drive-up Hong Kong’s retail earnings during the fourth quarter of 2011.
Hong Kong now has world’s most expensive office space
It tops the world for the costliest business spaces displacing London.
HSBC sells general insurance business in Hong Kong
AXA will become the exclusive provider of general insurance products to HSBC’s customers in Hong Kong.
Gender equality not yet the norm among top Hong Kong firms
The glass ceiling’s still too low for Hong Kong’s women executives.
Renminbi deposit drop puts the squeeze on banks
Renminbi deposits have fallen to their lowest level since July 2011 in January, said the Hong Kong Monetary Authority. It is the second monthly drop for renminbi deposits.
Somewhat fewer millionaires in Hong Kong last year
The number of millionaires in the city seems to have dwindled somewhat due to the tough times.
Bank capital adequacy ratio on the rise
The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.
HSBC confident of strong growth in 2012-2013
Year 1 in a three-year strategy that should eventually see HSBC become the world’s leading international bank seems to have gotten off to a galloping start.
Commentary
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