Hong Kong

Hong Kong’s recovery unlikely to be swift: Hang Seng Bank

Economic growth is expected to ease to an average of 4%.

Hong Kong’s recovery unlikely to be swift: Hang Seng Bank

Economic growth is expected to ease to an average of 4%.

China includes Sino Oil and Gas’ project in 12th Five-Year Plan

The company’s Sanjiao coal bed methane project is dubbed as a core project in the plan.

Only for the brave: the Mainland’s still a tough market

The Chinese mainland has its problems but still offers business opportunities for Hong Kong businesses that can afford the uncertainties and risk.

Retail sales whacked by inflation

Inflation took some of the luster off a welcome rise in retail sales in November.

New year, new banknotes!

HSBC’s new HK$100 note will be in circulation starting January 11.

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3 S’s for business sustainability

Hong Kong, like other well-developed countries and cities, needs to work hard on “sustainable development” to create a better balance between the economy, environment and society. Businesses, whether small or large, have a clear role – and responsibility – to contribute to ensuring that Hong Kong’s status as a world class city is not jeopardized.

How to direct your workforce towards efficiency

Hong Kong’s infrastructure and transport industry faces external threats such as increasing competition from alternative gateways into China, including Shenzen and Guangzhou. At the same time, the industry must conquer human capital challenges such as the drain of highly skilled workers and a surplus of unskilled employees. This industry in Hong Kong must compete with cities in the region such as Singapore and Shanghai for highly skilled workers. Problems with pollution, high rental costs and a poor living environment are deterring many skilled expatriate and home-grown workers from living in Hong Kong. There is also a surplus of low-qualified or unskilled workers across the city state. Executives must now pursue a more comprehensive human capital strategy across these interrelated dimensions—talent, leadership, culture and organization structures. A human capital strategy helps put in place the right leaders to source, develop and direct the right workforce talent, supported by the right culture, organization and operating model. We believe they should: Create a more strategic HR organization. New success factors for HR have arisen in recent years. Managing talent across national borders is especially important, given the global nature of most large companies today; this includes enabling the businesses to operate consistently around the world, while also satisfying the legal requirements of individual nations. It’s also essential to have better metrics, which now means more than simply monitoring administrative costs. To be industry leaders, executives now must understand and measure the value of human capital itself—the total costs and investments in people.

Hang Seng loses a fifth of its value; prospects bleak

After losing a fifth of its value in 2011, the Hang Seng Index staggered into 2012 facing the stark reality of even more crippling losses.

Painful inflation nullifies wage increase impact

Inflation erased over half the value of wage increases that Hong Kong’s employees received in September 2011.

Lull in China’s economy to hurt HK’s commercial property sector

With 35% of Hong Kong’s total retail sales coming from mainland Chinese visitors, the city-state is bound to suffer if China’s economic woes continue.

Hong Kong posts $1.5bn deficit

Scheme $6,000.expenditure boosted the deficit.

Kai Shi China lists on the Main Board of HKEx

The company plans to raise up to HK$180mn by international placing and Hong Kong IPO of 150mn shares.

Dragonair backs air services arrangement between Hong Kong and Taiwan

The ASA seen to provide better opportunities in strengthening Hong Kong’s position as an aviation hub.

Renminbi deposits in Hong Kong up in November

There was a 1.4% increase while Hong Kong dollar deposits jumped by 0.4%.

Anemic trade triggers economic worries in 2012

Hong Kong's rising trade deficit and stubbornly weak exports in November raise the prospects of tough times in 2012.

Government faces fight for electricity tariff hikes

CLP Power already reduced its planned increase from 9.2% to 4.9%.