Hong Kong

The Eurozone’s enduring financial malaise forced an 8.4% drop in the net income of HSBC Holdings Plc.

A spike in Hong Kong’s home affordability ratio raises fears of future payment defaults by home owners.

A growth in lending income propels profits of Hang Seng Bank Ltd by 14%.

Renminbi services will be available to them from August 1.

Hong Kong’s top insurance company will finance its planned acquisition of ING Group NV’s insurance operations with bank loans.

Shareholders of the London Metal Exchange have approved their company’s takeover by the Hong Kong Exchanges & Clearing Ltd.

Rents for luxury homes are expected to fall again by 4.2% in the second half of the year after plunging 7.5% in the first half.

But demand for Grade-A office space declined forcing rents to slip 3.2%.

The government expects a further easing of the inflation rate in the coming months due to the difficult external economic environment and lower import prices.

The volume of Hong Kong's goods re-exports fell 3.3% while that of domestic exports fell 24%.

Commissioner of Insurance Annie Choi said the renminbi business is among the growth engines for Hong Kong’s insurance industry.

The Securities & Futures Commission warns investors to consider risks that may affect their ROI before making a commitment.

About 19% of Hong Kong firms don’t expect their business situation in Q3 to be better than Q2.

Hong Kong expects close to 550 homes will be built in new residential sites.

The city will halve its import and export declaration charges to cut the cost of doing business, the Commerce & Economic Development Bureau said.

Airports connect air and ground transportation systems, and provide the stimulus for economic growth, international trade and social development.