Economy
Hong Kong gross domestic product grows 6.8% in Q4
Net output in all the service activities taken together rose 6.9% in real terms in the quarter.
Hong Kong gross domestic product grows 6.8% in Q4
Net output in all the service activities taken together rose 6.9% in real terms in the quarter.
Hong Kong unemployment rate down 4.1%
Yet global financial crisis in US and Europe seen to affect employment even as labour demand is seen to continue as Lunar New Year nears.
S&P raises Hong Kong ratings to AAA
The ratings company attributes upgrade on improving economic and financial links between Hong Kong and China.
China completes RMB8bln bonds issue in Hong Kong
Success of the move showed HK investors’ confidence in the sustainable development of the China's economy.
Hong Kong's gross national product up 7.9%
The gross domestic product, estimated at $453.9 billion, recorded a 9.5% increase.
HK economy forecast 5% increase
Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.
2011 Hong Kong annual inflation forecast at 4%
Food price inflation may rise to 7% in 1Q11 should inflaton in China worsen.
Foreign currency reserve assets down by US$1bln in November
Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.
Hong Kong generally optimistic on economy
85% of Hong Kong respondents in the survey expect it to register growth in GDP for the year.
IMF backs linked exchange rate
IMF forecasts Hong Kong’s economy to grow 6.75% this year and moderate to 5-5.5% next year.
WTO supports Hong Kong free trade regime
A WTO official lauded Hong Kong for being one of the freest economies, its commitment to the multilateral trading system, and its efforts to further...
Hong Kong sign tax pact with New Zealand
The agreement is the 17th aimed for the avoidance of double taxation in Hong Kong by its trading partners.
Hong Kong exchange fund assets up $13.8bln
Backing assets down $1.8bln due to exchange loss triggered by a stronger Hong Kong dollar and the redemption of Certificates of Indebtedness.
October exports soars 13.9% while imports up 14%
Hong Kong posted in this year’s first 10 months a visible trade deficit of $267.1bln, equivalent to 9.6% of the value of goods imports.
Fitch upgrades Hong Kong's rating to AA+
Fitch's decision deemed as acknowledgement of Hong Kong's economic strength and its success in weathering international financial crisis.
Overall consumer prices up 2.6%
The rate of increase in October was mainly due to higher increases in private housing rentals and the prices of food.
Hong Kong upbeat on positive IMF forecast
Despite projected 6.75% economic growth, HK remains vigilant and continue to deal with the challenges that monetary policies in the developed...
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