News

Financial Secretary John Tsang is at the APEC Economic Leaders' Meeting in Vladivostok, Russia that has endorsed a joint declaration covering transparency, green growth and food supply.

Hong Kong stocks posted their largest single day gain in 10 months Sept 7 after China's announced a massive US$158 billion (RMB1 trillion) infrastructure stimulus.

Hong Kong and Chile last Sept 7 signed a free trade agreement that took only a year to complete.

Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.

An electronic-bill payment system will greatly facilitate local and cross-border yuan bill payments made by Hong Kong residents.

Hong Kong-owned National Electric Vehicle Sweden said it has completed its takeover of bankrupt Swedish automaker Saab Automobile and will market its first electric cars in 2014.

Seven of the 14 building plans approved in Hong Kong in July went to residential developments.

Total deposits with authorized institutions rose 0.8% this July from June with a 1% rise in Hong Kong dollar deposits.

Blame it on the recent nasty weather condition.

A subsidiary of China’s and the world’s largest bank recently opened its first securities service center in Hong Kong.

Domestic exports plunged 16.8% from January to July compared to the year earlier as the economy continues to suffer from the economic slowdown.

Hong Kong is pressured to boost infrastructure, services and living costs.

The Hong Kong Deposit Protection Board says it will remain vigilant against threats that may arise from the slowing global economy.

Tourist arrivals for the first seven months of 2012 increased 15.2% to 26.7m.

High-end luxury products gained only 3.1% sales growth.

J.P. Morgan completes Hong Kong’s first HK$ tri-party repo transaction.