News
Trust trumps investment performance for high net worth individuals
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.
Yuan deposits in Hong Kong up 3.4% in July
Said deposits rose to RMB572.2b.
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.
HKMA grants Sweden's SEB banking licence
Hong Kong now has 150 licenced banks.
Cathay Pacific to launch premium economy product
The airline wants customers of the product feel they really got value for their money.
Minimum Wage Commission to start review in Q1 2012
The needed economic and employment data will be available then.
Approved mortgage loans drop 33.7%
New applications declined 22.6% amidst fall in transaction volume in both June and July.
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