In Focus
Hong Kong’s economy is worse than expected
Hong Kong’s economy is worse than expected
A serious slowdown in growth in the first quarter is blamed on weak exports.
HKMA lends a hand to banks burdened by Basel III
The Hong Kong Monetary Authority will allow the city’s banks to use foreign currency liquid assets to meet the liquidity coverage ratio requirements of Basel III.
West is where the money is
For Hong Kong’s mall developers, the phrase “Go West” means go to Chengdu.
Health is wealth: HK government sets aside HK$45 billion for healthcare
A Samaritan Fund of HK$10 billion will help ease spending on essential drugs and other medical items.
Hong Kong visitors top 11 million
Leisure travelers boosted Hong Kong’s visitor numbers by 15.6% in the first quarter.
Price increase pads growth in Hong Kong restaurants
Total restaurant sales grew by 6% to HK$23.4b in 1Q2012, but sales volume shrank by 0.2%.
Interest in new property projects in HK waning?
Outcome of property transactions over the Golden Week public holiday seems to reflect the market's cautious outlook on projects by local developers.
Tsang on Asian business trips
Financial Secretary John Tsang is on the last leg of a tour to further promote Hong Kong’s advantages as a business destination to a trio of key Asian trading partners.
Hong Kong is perfect for overseas professionals
A recent study reveals that over 90% of professionals surveyed said moving to Hong Kong had improved their career prospects.
Hong Kong punishes erring underwriter
Hong Kong's stock market regulator shows the bite behind its bark.
Tougher rules afoot for doing an IPO in Hong Kong
Substandard companies have bruised Hong Kong’s financial reputation as the world’s top IPO venue.
Office vacancies drop to lowest level in 20 years
The economic slowdown hasn’t dampened demand for office space in Hong Kong.
Do retrenchments loom at global banks in Hong Kong?
Hong Kong saw more investment banking redundancies than Singapore, China, and Australia in the first quarter of 2012.
Shortage in senior executives drives salaries to new highs
Compensation for top-tier candidates in Asia Pacific might have risen by 15% to 25% a year for the past five years.
Retail rents reach a new high in Hong Kong
Demand for milk powder and safe products for infants hike up consumer purchases in the country.
Property price bubble threatens Hong Kong anew
Despite efforts to curb its growth, the property price bubble is again showing signs of strength.
Lots for private homes to be auctioned
The Lands Department said it will open tender invitations on April 27 for two residential lots with a combined size of more than 11,000 square metres.
Commentary
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