News

Hong Kong's property market is expected to grow after the Lunar New Year although it has slowed down ahead of the festival.

Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments.

Total loans recorded a 28.6% increase last year, according to Hong Kong Information Services Department.

The Exchange Fund investment return was 3.6%, according to Monetary Authority Chief Executive Norman Chan.

The five-year bond aimed to support clean technology project in China.

Appeal follows another one filed by the airline in the Seoul High Court challenging a similar decision by the Korean Fair Trade Commission.

The value of Hong Kong's total goods exports rose 12.5% y-o-y in December.

December aggregate value of residential mortgage loans in negative equity down by $50 million from value in September.

New mortgage loans drawn down during December rose by 11.3% to $31 billion compared with November.

Respondents with positive expectations fell from 28 per cent to 26 per cent.

The underlying consumer price inflation averaged at 1.7% for 2010, as expected by government forecasts.

The Civil Aviation Department has approved passenger fuel surcharge increases for Cathay Pacific and All Nippon Airways for February.

 

Invest Hong Kong beat its annual target for the number of completed projects for the 10th year in a row.

The company has also achieved annual target of contracted sales and GFA of approximately 105% and 106% respectively.

Solid economic growth in line with ever-expanding opportunities for Hong Kong service exports upon China's increasing globalization would further improve labor conditions.