In Focus
Exchange Fund yields $74bln in third quarter
Exchange Fund yields $74bln in third quarter
Yet the Monetary Authority expects a lower income from the bonds market in the fourth quarter.
September total exports up 24% to $280.2bln
A trade deficit of $24.4bln, equivalent to 8% of the value of imports of goods, was recorded in September.
US quantitative easing seen to boost HK asset prices
Yet HK chief executive’s address offered very few measures in curbing near-term property price advances.
Taiwan travellers avail easy entry to Hong Kong
70% are eligible to apply for entry permits for Taiwan under streamlined measures implemented last month.
More renminbi bonds to be issued in Hong Kong
ADB and World Bank’s top quality bonds issuance demonstrates importance of HK as renminbi bond market.
Hong Kong to add $1bln to support SMEs
Ties with the Mainland and Taiwan are also strengthened to further bolster small enterprises.
Kowloon Tong lot sale earns $1.6bln
The private residential lot has a site area of 2,808 square metres was sold to Panayork Limited.
Survey shows positive outlook for professionalism of financial planners
More than 90% of participating CFPCM professionals say that they have attained required professional competency.
September home sales down 41% following government curbs
Home transactions value last month down 26.7% than in September 2009, while volume was 15% lower.
HSBC launches mobile banking operations
Provides instant banking, investment and insurance services as it offer secure internet banking via mobile platform.
Cathay Pacific and WestJet enters new code-share agreement
Move to expand flight services in HK and Canada a week after code-share service in US.
Professional services grant scheme opens
Grant funds projects aimed to increase Hong Kong's professional services' competitiveness, and enhancing the service standard.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Cathay Pacific signs code-share agreement with Alaska Airlines
Partnership expands Hong Kong carrier's reach in North America and increases overall passenger volume.
Hong Kong posts double-digit import-export growth in August
Exports to Asia grew 41% especially to Thailand, Vietnam and China.
HSBC kickstarts first Middle East RMB trade settlement transaction
Move enabling Middle East businesses to settle payments in RMB, unleashing opportunities for Asia expansion.
Hong Kong tourist arrivals grow 22% in August
China arrivals rose 27.7% to 2.37mln while South Korea arrivals rose 35.7% due to won appreciation.
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