News

Employers urged to prioritise hiring local workers

Jobs, salaries and benefits for locals is government policy.

HIBOR to intensify fixing mechanism: HKMA

To improve its transparency and robustness.

GST looms in Hong Kong

New tax will pay for huge number of public housing being built.

Rising household debt imperils Hong Kong

Another problem on top of an overheated property market.

2 proposed sites for public housing revealed

One of the sites could yield 2,300 flats.

Mainland banks seizing more business from Hong Kong banks

Chinese banks are becoming more aggressive, said Fitch Ratings.

Deposits in Hong Kong banks rise 1.8%

Both total deposits and Hong Kong dollar deposits post increases in December.

Hong Kong banks to experience slight jolt from Basel III

Fitch Ratings says Basel III will not significantly alter trade finance growth.