In Focus

Central Government to further upgrade Hong Kong's status as international financial centre

The draft National 12th Five-Year Plan highlighted the role of Hong Kong in the country's development.

Central Government to further upgrade Hong Kong's status as international financial centre

The draft National 12th Five-Year Plan highlighted the role of Hong Kong in the country's development.

Government proposed tax rebate of 75% of salaries tax

The Government has proposed new measures to answer the feedback received since the Budget address.

79% of adults in Hong Kong think that growth of China is good for their economy

87% even say that China will be the most influential economy in the next ten years.

Each Hong Kong permanent resident to receive $6,000

75% reductions in salaries tax and tax under personal assessment, capped at $6,000, will also be given to each permanent adult.

Government may adjust 2011-12 Budget proposals

People's views and lawmakers' recommendations pushed Financial Secretary John Tsang to study the suggestions and come up with new proposals.

Surplus reached $34.8bn in January 2011

A surplus of $93.8 billion was registered for the 10 months ending January 31.

436,000 transport subsidy beneficiaries may receive first payment this year

The transport subsidy's first payment is amounting to $3,600, said Secretary for Labour & Welfare Matthew Cheung.

Hong Kong exports to Asia surged 29.6% in January 2011

Demand in Asia was notably strong, especially from Thailand which rose by 72.7 percent, India by 65.5 percent, Vietnam by 36.9 percent, and Korea by 30.7 percent.

Challenges abound, but do the measures add up?: PwC

We believe that a comprehensive and orchestrated policy must be developed by the Government.

Composite inflation jumped 3.5% in January 2011

Overall consumer prices rose 3.6% in January over a year earlier, higher than December's corresponding increase of 3.1%, the Census & Statistics Department says.

Unemployment rate fell to 3.8% in November-January 2011

However, underemployment rate continued to show no improvement as it remained at 1.8 percent.

Hong Kong GDP might have grown 6.6% in 2010

GDP for the last quarter of 2010 might have grown 5.0% year-on-year.

Hong Kong office rents jumped 8.5% in 4Q 2010

As of 4Q 2010, Hong Kong occupancy costs are just US$0.04 below Tokyo's occupancy costs.

Property investors seen to focus on office and retail sectors

Prospective capital of office and retail sectors expected to grow 14% and 17% respectively during 2011.

Salaries in HK seen to increase by 3.8%

A survey reveals employees in pharmaceutical & healthcare industry will see the biggest pay increases among all industries.

StanChart promotes renminbi products and services via roadshow

The move will cover an array of topics including renminbi overview, crossborder trade settlement, renminbi trading and bond offerings, as well as hedging and investment opportunities.

Hong Kong launches pilot scheme to boost renminbi growth

Hong Kong to capitalize focus of the global economic growth in Asia in the coming five years.