In Focus

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.

In Focus

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.

In Focus

IPO market keeps shrinking

Hong Kong’s stock as a major capital market took another hit when China Everbright Bank Company put its IPO on hold.

In Focus

Hong Kong sues Ernst & Young

Accounting firm Ernst & Young faces a dilemma that could violate the laws of Hong Kong and China either way.

In Focus

Mortgage loans application and approvals fall

Mortgage loans drawn down during July dropped by 20% compared with June, to $16.1 billion, said the Monetary Authority.

In Focus

Check out Hong Kong property prices post Home Ownership Scheme

Home prices hit a record high of 106.85 index points.

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Finance professionals not abandoning Hong Kong

Despite the tough times, 82% of financial professionals now in Hong Kong would rather stay put until the global financial crisis blows over.

In Focus

4 in 5 finance professionals snub working abroad

But half of them are geared up to leave banking and move to other industries.

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Hong Kong strengthens financial ties with the Mainland

A new securities company is seen as a milestone in strengthening securities cooperation between Hong Kong and China.

In Focus

Credit card receivables rise 3.2% to HK$98.7

This is after decreasing 4.8% in the previous quarter, the Monetary Authority said.

In Focus

Luxury apartment market losing tenants

Monthly rents for a house on Hong Kong Island’s south side go for HK$125,000 a month.

In Focus

Swire Pacific’s net profit plunges 65% to $8.44b in 1H12

Blame it on the worse-than-expected first half results that hit its affiliate, Cathay Pacific Airways Ltd.

In Focus

Hong Kong economy grew at the slowest pace in 2Q12 since 2008

The economic growth forecast has then been reduced to 1% to 2% for the year.

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Hong Kong no longer the top destination for business travelers

Singapore beat Hong Kong as Asia’s most popular business travel destination during the first half of the year.

In Focus

Extreme investor caution drives down HKEx profit by 14%

Hong Kong Exchanges & Clearing Ltd reported a 14% year-on-year drop in in net income to HK$2.22 billion in the first half.

In Focus

Hutchison badly hit by global business downturn

Hutchison Whampoa eported a massive 78% drop in net profit for the first half of the year.

In Focus

Building and home sales slip 8.1% to 7,706

The total sales value of these transactions dropped 14% to $46.8 billion in July.

In Focus

In Focus

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