News

Technical recession looms

With negative real GDP growth in the past two quarters, outlook is bleak especially amidst lower exports to the troubled USA and EU.

Hang Seng Indexes unveils 4 new indexes

Among the objectives of the indexes is to provide benchmarks to the market reflecting the overall performance of HK listed foreign companies and all HK listed companies.

Trust trumps investment performance for high net worth individuals

Need arises for ensuring steady supply of private bankers as focus shifts to Asia.

GDP contracted by 0.5% in Q2 2011

Blame it on sharp deceleration in the export of goods.

Hong Kong’s PMI plunges to 47.8 in August

As operating conditions in Hong Kong’s private sector economy deteriorates for the first time in over two years.

Sale and purchase agreements for buildings slump 56.6% to 7,348

The total consideration for sale and purchase agreements was only $40.8 billion in August .

China to outgrow Hong Kong in luxury markets: report

The growth of luxury markets in China will outperform Hong Kong in the long term, based on a financial report.

Three reasons why mainland tourists shop in Hong Kong

HSBC cites the reasons why mainland tourists have been flocking to the country to satisfy their shopping needs.

Long live the “walking ATM’s”: Hong Kong's retail sales surge 24%

HSBC says the high demand is driven by the “walking ATMs”, or the Chinese mainlanders who pay with cash.

What you need to know about Hong Kong’s seemingly bearish economy

Growth has been falling since September 2010 and inflation reached 7.9% in July - what’s next?

Development Bureau junks mall proposal

The Bureau said the proposed granting of consent to the developer of The Pulse to lease out shops was not worthy of consideration.

Lending spree: Loans and advances up 1.5% in July

Loans for use in Hong Kong rose by 0.7% compared to June 2011.

Retail sales value up to over $35b

The value of total retail sales in July 2011 increased by more than 29% compared to the same period in 2010.

Hang Seng Indexes unveils two new composite indexes

Launch of Hang Seng Foreign Companies Index and Hang Seng Global Composite Index demonstrated the evolving Hong Kong capital market platform.