In Focus
Exports, imports values up
Exports, imports values up
Value of total goods exports increased 9.3% while value of goods imports jumped 10.2% compared to July 2010.
Hong Kong shares set for higher start
This as better economic data from the United States supported stocks on Wall Street.
Inflation feared to reach 8% in August
With inflation accelerating to the fastest pace since 1995, an economist forecasts inflation to average 7.8 percent in the second half of 2011.
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.
Read Here
Advertise
Sign Up
Commentary
Strategic location tips for playgroups and education centres
Innovating CSDs: What Hong Kong can learn from Euroclear Cash+