In Focus
Hong Kong now has world’s most expensive office space
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.
Housing still mired in the basement
New mortgage loans approved in January fell 32% to $6.1 billion compared with December.
Relentless business rent rise to abate this year
Yes, it’s possible for business rents in the most rent-expensive country in the world to become somewhat cheaper.
Confidence in an economic upturn strong in Hong Kong
Optimism amidst adversity is a virtue that keeps Hong Kong resilient.
Lunar New Year holiday sparks massive credit card use
Along with its noisy festivities, the Lunar New Year can also be counted on for one recurring event: more credit card use.
Record passenger arrivals at Hong Kong Airport
Passenger air travel kept flying high despite the continuing economic doldrums hammering the city.
Exports stay weak in December
Already diminished by faltering global demand, Hong Kong’s exports continued their disconcerting plunge in December.
Tsang fears for exports; sees no growth
Exports could make or break Hong Kong’s economy this year. And the first quarter isn’t showing any signs for optimism.
Global prime office rents rose for the 8th consecutive quarter in 4Q11
And rental growth in AsiaPac markets have decelerated from 2.5% in Q3 to just 0.9% in Q4.
Hong Kong SMEs get government “pain killers”
Small and medium enterprises can expect a helping hand from the government to ride out the rough times ahead.
Property deals plummet by half
January didn’t get off to a good start for the property sector.
Commentary
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