News

Foreign currency reserves up to over US$282b

That is about nine times the currency in circulation.

Foreign currency reserves up to over US$282b

That is about nine times the currency in circulation.

Consultation starts for Companies Bill

The Financial Services & the Treasury Bureau is seeking public views on whether the bill should have further flexibility.

ATV fined $300,000 for misreporting death of Jiang Zemin

The Broadcasting Authority found complaints about ATV’s inaccurate news reporting and the late correction of factual errors substantiated.

41% of businesses show worrisome neglect of disaster recovery plan

And guess how many businesses have no continuity plans for their workplace requirements?

Hong Kong seen as a global mining companies listing hub

The HKSE has attracted several large high profile mining company listings over the last few years.

Hong Kong’s growth to plummet in 2012

UBS warns the country may hit rock bottom in 1Q12.

October visitor arrivals up 16%

Golden Week holiday and trade shows pushed Mainland visitor arrivals up to 24.9%.

Hong Kong seen to have HK$35bn budget surplus

Study advised government to employ fiscal resources to enhance competitiveness while helping the disadvantaged.

New mortgage loans drop 17% in October

New loans approved also fell to HK$12.5 billion.

Food services sector total receipts amount to over $101b

But were operating expenses, goods sold and compensation of employees higher or lower in 2010?

Total receipts in retail trade reach $359.5b

Gross surplus increased to $32.6 billion in 2010.

October total exports and imports soar

Yet compared with the three-month period ending October with the preceding three months the value of total goods exports dropped 0.9%.

Developers to accelerate sales

Research shows credit costs are about to rise, so developers better raise cash soon.

Hong Kong and Mainland extends currency-swap pact

The agreement and its expansion seen to allow more flexibility for the development of renminbi business in Hong Kong.

October consumer prices up 5.8%

The Census & Statistics Department said the inflation rate was stable in October after its uninterrupted rise over the past year.

Hong Kong economic growth forecast down 5%

The growth moderation was caused mainly by a sharp drop in exports towards the end of the quarter.

Jeweler Chow Tai Fook to list largest IPO this year

This US$3.5b IPO will be Asia's second largest IPO after Hutchison port.