News

Even though the country narrowly missed a technical recession, it’s not out of the woods yet.

Tokyo and Singapore lagged behind as prime office rents in Hong Kong reached US$122.33 per sq ft per year as of the third quarter of 2011.

The 2010 figure represents a 25.8% increase in business receipts and other income.

Prada, which raised over $2b in its Hong Kong IPO, will be a cornerstone investor in the local handbag maker’s offering.

Foreign liabilities amounted to $400mn.

Chief Executive Charles Li said attracting international companies to list in Hong Kong continues to be one of their key strategic goals.

The central government of China would spare no effort to maintain Hong Hong's economic stability and prosperity, said Chinese President Hu Jintao during a meeting with Donald Tsang, chief executive of HKSARC in Honolulu.

Hong Kong is working towards financial stability in view of the importance of tackling counterparty risks across global financial markets, according to Financial Secretary John Tsang.

China’s shift toward policies that support economic growth spurs demand for Dim Sum bonds. This in turn reduce the benefits from buying yuan in Hong Kong.

It's a close call as the country may have narrowly missed a technical recession.

The prices of goods re-exports rose 8.2% over the same period in 2010, while those of domestic exports rose 6.8%.

There were 36 cases of flat owners employing unqualified people to conduct minor works, so far this year.

A study confirms most Hong Kong workers stay late and bring work home with them.

An $818 million contract for the reconstruction, improvement and rehabilitation of a section of the Kai Tak River from Po Kong Village Road to Tung Kwong Road, has been awarded by the Drainage Services Department.

The Office of the Telecommunications Authority promulgated a set of mandatory guidelines setting out the relevant guiding principles for compliance by broadband service providers.

William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its currency peg to the dollar, city Chief Executive Donald Tsang said.