In Focus
Government posts almost $2bln surplus in April
As at 30 April fiscal reserves stood at $597 billion.
Government posts almost $2bln surplus in April
As at 30 April fiscal reserves stood at $597 billion.
Hong Kong dollar remains strong
Monetary Authority belies marginalisation of HK dollar amid intensified use of renminbi in Hong Kong.
China running short of finance industry talents
95% of China finance professionals surveyed report skills shortage following Mainland’s booming finance industry.
Hong Kong housing boom may bring out underlying risks
Slowdown in residential sales activity over the past quarter revealed a growing uncertainty in the market as the number of overall residential transactions dropped significantly by 42%.
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
Inflation may deteriorate corporate payment performance--Coface
Study says Hong Kong is vulnerable to a sudden rise in risk aversion that could lead to a bust of the real estate bubble.
Hong Kong’s April inflation up 4.6%
Surge in private housing rentals and food, excluding meals bought away from home caused the slight increase in overall consumer prices.
Hong Kong unemployment rate up to 3.5%
Total employment rose notably in February-April, by 8,200 to 3,585,500 but outpaced by an even bigger increase in the labour force.
Asia’s first quarter office rental growth up 1.7%
Apart from the existing upsides, the Colliers International report shows growing inflation pressure is the market’s major uncertainty.
Hong Kong first quarter real GDP up 7.2%
The economy is poised for a real growth of 5%-6% for this year, up one percentage point from February forecast announced in February..
Hang Seng forecasts 6% first quarter GDP growth
Despite reaching above-trend growth, business has turned more cautious and the export outlook is more uncertain, considering adverse impacts of Japan’s earthquake disaster on global supply chains.
Hong Kong employees least happy with their work
Compared with the over 80% of employees in the Nordic countries who are enjoying their work, only half of employees in Hong Kong claim to be happy.
In Hong Kong, telco services do come cheap
Residential and business users in Hong Kong pay as low as one-tenth of the telecom charges as their counterparts in six other cities.
39% of employers say staff turnover will increase in 2Q 2011
Employers in Hong Kong are finding it more difficult to attract and retain high performers in the face of an intensifying skills shortage.
Property sales down 27.4% in April 2011
The Land Registry received 10,386 sale and purchase agreements for all building units.
Retail sales up 26% in March 2011
Total retail sales was estimated at $31.2 billion, said the Census & Statistics Department.
Hong Kong’s mortgage drawdowns up 67.5%
7% of the approved new mortgage loans were priced with reference to best lending rates.
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