Economy

Hong Kong PMI expands for 21st straight month

PMI bounced back from the Lunar New Year into solid expansion territory as the March headline PMI jumped to 54.9.

Hong Kong PMI expands for 21st straight month

PMI bounced back from the Lunar New Year into solid expansion territory as the March headline PMI jumped to 54.9.

Tourist spending in Hong Kong up 32.7% to HK$210bn

Visitor arrivals seen to grow 39.64mn in 2011, but is dependent on the stability of the global economy and maintenance of China of its robust...

Hong Kong and Spain inks tax deal

The 19% Spanish withholding tax on interest and 24% withholding tax on royalties on Hong Kong residents will both be slashed down to 5%.

Exchange Fund total assets fall by $71.1bn in January

Sales of Hong Kong dollars for foreign currencies and fiscal drawdowns caused the decline in Hong Kong dollar assets.

Hong Kong posts $9.5bn deficit in February

The government expects cumulative surplus to decrease in the last month of the financial year.

Securities & Futures Appeals Tribunal names 12 new members

The appointees to replace outgoing members for two years starting April 1.

Renminbi market sees robust growth

Further development and more offering of investment products are expected in Hong Kong.

Hong Kong and Portugal ink tax agreement

Investors and tourists of both parties to pay lower taxes and transport fees under the pact.

Hong Kong posts $30bn BOP surplus in fourth quarter

Visible trade deficit rises to $88.9bn in fourth quarter 2010 as imports of goods increasing faster than exports.

Hong Kong February inflation rate up 3.7%

Economists see inflationary pressure to further increase in the coming months as global food and commodity prices remain elevated.

GDP grew 6.2% in 4Q

This is compared with the 6.7% increase in the third quarter and for last year as a whole, GDP grew 6.8% in real terms.

Hong Kong inaugurates electronic incorporation service

People can now incorporate companies and apply for business registration through the e-Registry portal.

34% of HK’s exports to China for outward processing

For the entire 2010, 32% of Hong Kong's total exports to the Mainland were for outward processing; the figure was 19% for domestic exports and 33%...

GNP up 6.9% in 4Q 2010

Hong Kong's Gross National Product grew to $477.2 billion, while GDP rose 8.1% to $477.7 billion.

Exchange Fund foreign assets grew to $2.09tn in February 2011

An increase of $53.1 billion was seen on the previous month.

Japan economy to remain resilient in quake aftermath: DBS

Government borrowing is sure to rise and given Japan’s already high (1.8x to 1.9x) debt:GDP ratio, some believe bond yields are likely to rise.

Lawmakers reject $60bn interim funding allocation

Hong Kong people are disappointed as it could have many negative implications.