News

More used homes transactions caused Hong Kong’s approved mortgage loans to rise 29% in August from July.

More business exchanges in services between Hong Kong and Taiwan will ultimately serve to boost the economies of both states.

Fitch Ratings has affirmed Hong Kong's Long-Term Foreign- and Local-Currency Issuer Default Ratings at AA+.

Hong Kong recorded a balance of payments deficit of $7.1 billion in 2Q12, as against a surplus of $63.8 billion in the first quarter.

LUKoil, Russia's second largest oil company, has postponed its Hong Kong listing to 2013.

The continuing economic slump reduced the ranks of the rich in Hong Kong by over 17% in 2011.

Hong Kong has again been cited as the economy that offers the highest level of economic freedom worldwide.

Businesses are taking a beating amid the worsening economic crisis with bankruptcy petitions rising 12.3% in August compared to July.

Construction of residential homes accounted for more than half of the total value of construction in Hong Kong during the second quarter.

Hong Kong could become Asia's leading information technology center because of its many competitive advantages, said international commercial real estate services firm Cushman & Wakefield.

The Philippines' airline regulator will hear on September 26 a petition by Hong Kong airline firms, Cathay Pacific Airways Ltd and Dragon Airlines Ltd, to increase passenger fares.

Hong Kong Exchanges and Clearing Ltd has launched the city's first deliverable renminbi or yuan currency futures contract based on the renminbi and the US dollar exchange rate.

Hong Kong's efforts to contain rising property prices have slowed the growth of Sun Hung Kai Properties Ltd, the largest property developer in the city.

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its Short-Term IDR at 'F2' of Hutchison Whampoa Ltd.

Financial Secretary John Tsang is again warning about the risk of asset bubbles since the global economy remains in turmoil.

Paul Kagame, President of the Republic of Rwanda in central eastern Africa, asked Hong Kong's businessmen to invest in his country and be part of its economic revival.