News
Seven in 10 Hong Kongers lose money on bad investments
Seven in 10 Hong Kongers lose money on bad investments
Only 9% read important financial documents during research.
Hong Kong is the sixth most competitive city globally
But it is struggling from competition with other Chinese cities.
400,000 passengers departed Hong Kong in Mid-Autumn Festival
Over 320,000 have arrived.
Property sales dropped 20.7% to 7,540 deals
Total consideration was $56.6b.
Retail sales value up 2.7% to $34.8b
Volumte of total retail sales inched up by 3.2%.
Hong Kong's deficit hit $15.7b in August
Expenditure, on the other hand, hit $36.87b.
Approved mortgage loans fall 10.8% to $30.1b
Loans for refinancing dropped 8.1%.
RMB deposits dipped 0.4% to RMB532.8b
Overall foreign-currency deposits inched up 0.3%.
Hong Kong expects 9.24m passengers during festive periods
Immigration Department will boost manpower at control points.
Average wage rate hikes by 3.8%
Almost 7 in 10 companies implemented hikes.
Government mulls over reviewing labour shortage
It will probe local productivity.
Hong Kong's total goods exports value rose 7.4%
That of goods imports ticked up 7.7%.
What are the major shortcomings of the MPF scheme and how can it be improved?
The 16-year annualised return on all MPF funds is just 2.8%.
Here's how Henderson Land can benefit from the acceleration in farmland conversions
It has ~926,000 sq ft of farmland in Kwu Tung North and Fanling North that could be converted.
Property price gains hit 19.6% in July
But price increases are already decelerating.
Hong Kong's total goods exports up 5.7% in July
Domestic exports decreased by 6% in the same period.
Total employment increases by 7,700 to 3.8m
Unemployment rate remains unchanged at 3.1%.
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