In Focus

Hong Kong's economy forecast to grow 5% for 2011

Government economist Helen Chan reported a 4.3% YoY growth in the third quarter.

In Focus

Government has no target for 5-day work week implementation

Although companies with a five-day work week increased from 36.5% in 2006 to 61.5% in 2010.

In Focus

Two employment agencies busted for non-compliance

Now the licences of the two agencies have been revoked.

In Focus

Foreign currency reserve assets gain US$4.1b

It has reached US$281.7 billion at the end of October.

In Focus

Labor chief calls for vetting apps resumption

Secretary Matthew Cheung appeals that such scheme be resumed as soon as possible.

In Focus

Ka-ching!: Retail sales in September up 24.1%

The volume of sales of electrical goods and photographic equipment increased the most with 33% growth.

In Focus

Exchange Fund assets plunge 37.1% to $2t

And Hong Kong dollar assets alone decreased by $22.3 billion.

In Focus

Did you get a 5.9% salary increase in June?

Mid-level managerial and professional employees had higher monthly salaries compared with last year - so are you one of them?

In Focus

Are Hong Kong parks turning into residential sites?

If they are, then there will be 44,000 hectares more land for homes.

In Focus

$40b trade deficit recorded in September

That is equivalent to 12.8% of the value of imports of goods.

In Focus

Overall trade deficit may widen from HKD 35b to HKD 42b

September trade numbers may have eased to 6.2% y/y for exports and 11.4% for imports.

In Focus

Fears escalate as China expansion threatens Hong Kong banks

Fitch estimates gross mainland exposure could rise to about 35% of Hong Kong banking assets by 2012.

In Focus

Will you pay RMB12,070 psm for a house?

Well, that’s the average capital value of luxury properties in Shenyang.

In Focus

Public tenants banned from buying their own units

More than 150,000 applications were on the list and the administration had no plan to re-launch the tenants purchase scheme.

In Focus

Evicted sub-divided flats tenants to get $4.5m subsidy

900 eligible households are said to benefit from the subsidy in the coming year.

In Focus

"I won't overlook the middle class": CE Tsang

He reiterated the Government considers the interest and needs of all sectors in the community when drafting housing policies.

In Focus

Home sweet home: Government targets 40k annual supply of flats

The Government will explore the possibility of converting into housing land 150 hectares of agricultural land in North District and Yuen Long.

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