News

A major Korean bank has opened a financial center in Hong Kong for the first time.

Russians helped fuel an increase in visitor arrivals in Hong Kong to 3.84 million.

28% ranked it as main priority, while educational background and communication skills were considered least important.

Approved mortgage loans in April fell 9.7% to $25.4 billion from March.

The values of Hong Kong's total merchandise exports and imports recorded year-on-year increases of 5.6% and 5% in April, the Census & Statistics Department said.

HSBC plans to stay in London despite the huge expense of doing business in the British capital.

Equities boost the Exchange Fund to $43.8 billion in the first quarter this year.

A severe credit crunch could hammer Hong Kong’s banks and those in Singapore should there be a huge jump in non-performing loans.

Hong Kong’s unique advantages make it indispensable to China.

A drop in spending and a rise in delinquencies were experienced by Hong Kong in the first quarter this year.

The wild ride taken by the Hang Seng isn’t over.

Some logistics operators have already pre-committed yet-to-be vacated warehouses due to the current high occupancy level.

Financial Secretary John Tsang said the government stands ready to implement new real-estate market measures when necessary. It also closely monitors the global financial market.

Cathay Pacific reports being badly hit by high fuel costs. Plans to reduce frequencies of several long-haul routes is already underway.

Financial Secretary John Tsang is in Taipei as head of a delegation that officiated at the opening of the Hong Kong Economic, Trade & Cultural Office.

It’s another move to grow a faltering economy by telling foreigners that Hong Kong is great for their businesses.