News

CapitaMalls Asia says it’s under no funding pressure

The Singapore firm, which has announced its secondary listing in Hong Kong, will issue bonds instead of borrowing from banks.

Hong Kong’s GDP may only be 3.3% in 2012, warns analyst

Continued deterioration in external demand is clouding UBS’ 12-month outlook for Hong Kong.

5% of Hong Kong workforce on the Mainland

Survey shows 175,100 Hong Kong residents worked on the Mainland before July 2010.

Private consumption up 9.2% in Q2 2011

Seems like a good sign for Hong Kong, as private consumption accounts for 61% of its GDP.

Hong Kong’s inflation eases to 5.7% in August

UBS projects that the country’s inflation will intensify in the coming months, expecting full year 2011 inflation to more than double to 5.5% from last year’s 2.3%.

Hong Kong banks suffer from liquidity and credit quality risks

The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use outside of Hong Kong.

Hang Seng Index drops to its lowest in more than 2 years

It fell to 16,822.15 with only four stocks escaping declines.

August retail sales up 29%

But volume of sales of furniture and fixtures fell 1.8%.

64% of Hong Kong finance professionals feel job satisfaction

Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.

Hong Kong’s equity capital markets plummet 27% to US$37.6b in 2011

Morgan Stanley is the top bookrunner in Hong Kong, with total proceeds of US$7.2 b so far, increading its market share by 6%.

Fancy some wine? Apparently not

For the first time in almost 20 sales Sotheby’s was left with one bottle too many of Chateau Lafite Rothschild after failing to attract buyers.

Trading resumes in Hong Kong

Typhoon Nesat, which made Hong Kong issue the highest storm warning in two years, caused the stock exchange to halt trading on 29 September 2011.

CapitaMalls Asia’s Hong Kong shares to begin trade in October

It sought the secondary listing to support plans to expand in China.

Google to set up data centre in Hong Kong

The Government of Hong Kong welcomed Google's announcement today to build a data centre in Hong Kong.

Trading delayed as typhoon moves its way to Hong Kong

Hong Kong Exchanges & Clearing’s morning session has been canceled amidst the No.8 gale signal.

Hong Kong’s total exports and imports up

The year-on-year increases for exports and imports were 6.8% and 14.1% respectively.