News

The Monetary Authority has announced upbeat news for the property sector.

Long-shot outsider Leung Chun-ying was elected yesterday by Hong Kong’s elite as the next Chief Executive.

One-off government relief measures helped tame inflation in February.

Rules providing for a new short position reporting regime will be gazetted on March 23.

The Executive Council’s endorsement of the the construction of a third runway at Hong Kong International Airport should see the new runway completed by 2023.

Hong Kong exports to mainland China for outward processing fell slightly during the 4th quarter of 2011 year-on-year.

Hong Kong's gross national product rose 7% to $511.3 billion in the fourth quarter last year over the same period in 2010.

Fitch Ratings believes Hong Kong banks will withstand potential losses resulting from a new global economic slowdown.

Hong Kong-based Bank of East Asia maintains its standing as the indigenous Chinese bank with the largest branch network in Guangdong.

No pain, no gain for Hong Kong’s banking industry.

But does it have a kick like its namesake?

Hong Kong's official foreign currency reserves amounted to US$294.7 billion at the end of February, up US$1.9 billion on January, the Monetary Authority said.

After a lapse of seven years, Hong Kong billionaire Li Ka-shing is again Asia’s richest person.

Hong Kong will soon remove some restrictions on food imports from Japan imposed because of the nuclear crisis caused by the nuclear accident at Fukushima Prefecture.

The Lands Department has issued a pre-sale consent involving 235 units in residential development in Sheung Shui in the New Territories to be completed by next year. The residential developments total 7,690 units. Three developments with a total of 143 units will be completed this year. Sixteen residential and one commercial application for pre-sale consent were being processed at the end of February. Ten developments involving a total of 7,171 units will be completed next year, and two involving a total of 327 units will be completed in 2014.

China Everbright Bank Co., Ltd has lowered expectations for its forthcoming IPO in Hong Kong.