Economy

Fund for disadvantaged open for applications from October 15

Allocation of the fund for each approved proposal will be capped at $2 million.

Fund for disadvantaged open for applications from October 15

Allocation of the fund for each approved proposal will be capped at $2 million.

More Hong Kong seniors aged over 65 becoming poor

The government will start setting a credible poverty line.

The key to getting the financial hub status

Find out more about Hong Kong's 'soft power'.

6 powerful people who enforced the power of legitimacy

The strategic structure of the appearance of legitimacy started in 1913 at Jekyll Island, Georgia; hence, the birth of the US Federal Reserve System...

Hong Kong home to 1,100 ultra rich

Hong Kong  ranked 15 amongst countries with most numbers of adults having USD50m+ worth of total assets.

Hong Kong amongst highly indebted

Debt per adult in Hong Kong is more than USD40,000 but a marked improvement from 2007 level.

HKU projects recession in 2013

Economists from the University of Hong Kong are warning that Hong Kong will fall into recession in 2013.

Chart: How Hong Kong exporters and the rest of the world got totally screwed

Hong Kong exports down by 1% to-date from a 25% growth in 2010.

Hong Kong foreign currency reserve assets edge up to US$301.2b

This represents 55% of the circulating Hong Kong dollar.

400,000 seniors to benefit from new living allowance

But hopefully the allowance will be approved by October 26.

How to qualify for the old age allowance of $2,200

Check out what it takes to get the allowance apart from being 65 years old and living in HK for at least 7 years.

Tsang to retain LegCo presidency

Pro-Beijing Jasper Tsang Yok-sing will retain his post as President of Hong Kong’s Legislative Council.

Golden Week turns dull

Sales of luxury items during Golden Week will likely fall 10% from last year.

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%.

Men still rule Hong Kong board rooms

Some 40% of Hang Seng Index companies had no women directors in 2011.

Hong Kong residents tighten their belts

The retail sales picture for August show markedly lower spending for luxury and non-essential items with buyers focusing spending on basic...

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%.