Staff Reporter

Hong Kong consumers are ‘moderately literate’ in insurance: study

But behavioural biases dragged the city's literacy score.

Lee & Man Chemicals net profit slips 28.3%

Disruptions in China’s manufacturing industry affected profits.

WB slashes growth forecast for developing countries in East Asia-Pacific

The World Bank downgraded recently its growth forecast for developing countries in East Asia and the Pacific to 7.2%.

ADB downgrades China’s GDP forecast

An update of ADB’s Asian Development Outlook 2012 lowers PRC’s 2012 forecast to 7.7% from the projected 8.5%.

Mild housing measures help clear policy overhang

Fundamental price drivers like too much market liquidity and low interest rates will remain unchanged even with the new housing measures put in place by the HK government, the Deutsche Bank AG/Hong Kong said Thursday.

Survey reveals high bonus hopes for HK finance professionals

71% expect bonus increase in 2010 and 14% are counting on a 31-50% bonus raise.

2010 visitors reach record high

Visitor arrivals in the first half of the year reached 16.86 million, about 23.1% higher than the number of visitors in the same period in 2009.

Offshore renminbi products take off

Hong Kong’s new renminbi inter-bank market launched as limits on offshore renminbi circulation are being loosened.

StanChart and HSBC to launch higher-yielding RMB products

Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.

Hong Kong SMEs to invest in the next 6 months

1 in 10 SMEs will expand their workforce as Hong Kong businesses show signs of recovery.

3 airlines to slash fuel surcharges

Short-haul flights fuel-surcharge to drop 7% to $98 while that for 2% will fall to $505.

China Agri-Industries offering stocks and bonds worth HK$3.89bln

The company priced the shares at HK$8.75-HK$9 as it offers 5 year convertible bonds.

Brazilian companies plan Hong Kong Listing

Hong Kong Exchange 2-year plan includes attracting new international listings in metals, mining and energy industries.

HSBC enables RMB payment for Wealthsave Protection Plan

Product extended to corporate customers as option to settle premiums in RMB or HKD.

Hong Kong's goods export volume up 19.2%

Prices of total goods exports increased 4.1%, while prices of goods imports rose 6.8%.

Hong Kong unemployment stays at 4.6%

Figures show that companies remained active in recruitment that absorbs the concurrent increase in labour supply.