In Focus

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.

In Focus

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

Older population in 2041 a threat to Hong Kong’s prosperity

People aged 65 and over is projected to rise from 13% in 2011 to 30% in 2041.

In Focus

Home affordability ratio approaches danger level

A spike in Hong Kong’s home affordability ratio raises fears of future payment defaults by home owners.

In Focus

AIA takes out billion dollar loan for ING insurance buy-in

Hong Kong’s top insurance company will finance its planned acquisition of ING Group NV’s insurance operations with bank loans.

In Focus

Go to Hong Kong, Taiwanese businessmen urged

Hong Kong is the ideal gateway for Taiwanese entrepreneurs looking to go global and its corporate tax rate is up to 16.5% lower than Taiwan’s.

In Focus

Office space vacancy hits 20-year low

But demand for Grade-A office space declined forcing rents to slip 3.2%.

In Focus

Business firms expect worse Q3

About 19% of Hong Kong firms don’t expect their business situation in Q3 to be better than Q2.

In Focus

Hong Kong to implement trade fee cut

The city will halve its import and export declaration charges to cut the cost of doing business, the Commerce & Economic Development Bureau said.

In Focus

Foreigners dominate fund management in Hong Kong

Over 60% of all funds invested in Hong Kong in the past five years came from overseas investors.

In Focus

In Focus

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