In Focus
Pace of inflation the fastest since 1995
An economist described the headline CPI figure for July as “pretty scary”.
Pace of inflation the fastest since 1995
An economist described the headline CPI figure for July as “pretty scary”.
Jobs galore: Total employment up by 15,200
The figure for May-July was a record high of 3.6 million.
The jobs are plenty but few are qualified: 93% of HK employers struggling to fill vacancies in finance
Although 30% of companies intend to increase their full-time staff in 2H11, finding skilled professionals remains a challenge.
Hong Kong becomes the lender for Chinese firms
This is amidst the central government’s attempt to lower the inflation rate.
Interbank rates will stay low until early 2013, says analyst
HKD interbank rates could rise more slowly than USD rates amidst ample liquidity environment.
Hong Kong shares to rebound
This after the Hang Seng index dropped 6.3 percent to close at 19,620 last week.
Hong Kong stocks continue to dive amidst Europe debt woes
HSBC Holdings Plc, Europe’s largest bank by market value, fell 2.9%.
Finance secretary: Hong Kong dollar is stable
Tsang said downgrade of US debt rating by itself would not spark crisis but by other economic factors.
Fear-induced trading pushes Hong Kong stocks down
Hong Kong shares dropped to their lowest since July 2010 following the downgrade of US’ credit rating.
Beware of faster inflation, says economist
Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.
Hong Kong flat sales fall by 37%
Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.
Hong Kong 3rd in foreign direct investment flows worldwide rankings
Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.
Hong Kong tourists up 14.7% to 20mn
Arrivals of Chinese tourists soared more than 20% to over 12 million behind the Mainland’s positive economic environment.
Less buyers, less loans
The number of new mortgage applications dropped 30.3 percent in June.
Hong Kong businessmen look forward to an upbeat third quarter
More survey respondents in the real estate, financing and insurance sectors expect their employment situation to improve.
Hong Kong consumer prices up 5.6% in June
Only the durable goods sector suffered a 3.7% drop in prices.
June exports up 2.7% while imports rise 5.1%
Yet the volume of re-exports dipped 5.3%, while domestic exports volume fell by 10.3%.
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