In Focus
Hong Kong approves 3 airlines' fuel surcharges hike
Hong Kong approves 3 airlines' fuel surcharges hike
All Nippon Airways, Cathay Pacific and Singapore Airlines raise fuel surcharges by 3-5%.
Groups propose scripless securities market in Hong Kong
Paperless option to become effective following necessary legislative changes and when the market is ready.
Second quarter service activity output up 6.3%
Net output for construction sector up 16.3% behind surge in public-sector works.
Cathay Pacific and Japan Airlines to expand code-share arrangements
Move to give passengers more flexibility and choice when travelling between Hong Kong and Japan.
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong GDP grows 5.9% to $413.5bln
China remains largest external factor income inflow source at 43.8% as GNP $17.6bln larger than GDP.
HKMC to launch premium loan guarantee scheme
Scheme will guarantee to banks of up to 70% combined loan-to-value threshold of the premium loan.
Asia-Pacific fund managers bullish on equities
Half of fund managers with overweight view on equities yet cautiously optimistic towards Greater China.
Second quarter service industries' receipts rise
Yet financing and banking industries recorded slight drops of 2.7% and 0.3% in business receipts.
Hong Kong's finance industry faces talent shortage
91% of employers in Hong Kong’s finance industry report skills shortage in finance and accounting.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
Sino Land profit up 63.3% to HK$6 billion
The 63.3% increase was in comparison with the HK$3.7 billion profit for the previous financial year.
Employers hold firm grip over salary negotiations
77% of Asia Pacific finance professionals surveyed believe employers control salary negotiation.
Hong Kong ranks sixth in global forex market
Average daily net turnover of foreign exchange transactions jumped 31.3% to US$237.6bln.
Hong Kong's insurance industry premiums up 14.5%
Net premiums rose 11.8% to $11.7bln while overall underwriting profit stood at $1.3bln.
Wharf profit up 28% to HK$4.2bln
Growth attributed to rising retail rents as company among top investors' picks with more conservative portfolio.
HKEx mulls opening Renminbi futures market
Market with 1mln yuan per contract, targets to broaden acceptance of currency by international trade partners.
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