News
5% of Hong Kong workforce on the Mainland
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.
Hong Kong finance professionals keen on seeking greener pastures abroad
67% of professionals want career growth, better salary packages, improved overall lifestyle and new work experiences overseas.
Hang Seng Index drops to its lowest since July 2009
It declined 1.5 percent to 17,407.80 amidst fall of Europe-related shares.
Hong Kong M&A amount to a whopping $55.3b in 2011
The country accounts for 12% of the total M&A deal flow in Asia.
Commentary
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Innovating CSDs: What Hong Kong can learn from Euroclear Cash+
How student hostels conversion projects can qualify as social loans