News
Exchange Fund assets hit $3.9t in July
Exchange Fund assets hit $3.9t in July
The assets reflected a $7.3b increase from the figures reported in June.
RMB deposits in Hong Kong up 1.6% to RMB534.7b in July
Overall foreign-currency deposits rose 0.2%.
Government deficit hits $2.5b in July
Fiscal reserves stood at $986.6 billion as at July 31.
Approved mortgage loans down 23.5% to $33.7b
The number of mortgage applications decreased 38% to 9,090.
Applications for compulsory sale surge 80% in the first eight months
15% of private residential stock are expected to be the acquisition target of developers.
Retail sales value up 4% to $36b in July
Sales value of jewellery also inched higher by 12.9%.
Banks' funding and liquidity conditions to remain benign till 2018
But potential funding volatility will come from changes in banks' loan and deposit currency mix.
Total exports value up 7.3% to $326.6b
Re-exports also edged up 7.4% to $322.9b.
Henderson Land's profits up 64% to $14.2b in the first half of 2017
Pre-tax profit contribution from property sales hit $3.2b.
Swire Properties' net rental income inched up 2.9% to HK$4.6b
Thanks to soaring occupancy rates in office and retail portfolio.
New lettings in Central dropped by a whopping 75% in July
17,300 sq ft of space was withdrawn.
Kowloon office rents to face downward pressure for the rest of 2017
The market is expected to slow down towards the year end.
Hong Kong Island to provide more options for relocation from Central
But Chinese firms will remain the key demand drivers for offices in Central.
Hong Kong's July inflation up 2%
Underlying inflation rate also edged up 2%.
Hong Kong banks' mainland exposures to pick up in the next two years
That is following a period of steady decline starting in 2014.
56% of employees willing to leave Hong Kong for a career opportunity
Bosses are getting worried over brain drain.
Cathay Pacific's Cathay Dragon shells out $31.7b to expand fleet
32 Airbus A321neo aircraft will arrive from 2020.
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