News

Perception of land scarcity, meanwhile, is seen as slowly changing as property developers show lukewarm response to auctions.

It was down by US$1.9 billion on August's figure.

The turnover of H-shares Index Futures reached a record high of 220,600 contracts.

Economist says though contraction is happening faster than in 2008-2009, the support offered by Mainland demand is also higher than previously.

HSBC says no as local consumption and tourist spending remains buoyant despite the country’s rising inflation.

All sub-indices signaled a cooling of business activity, despite the continued growth of new orders from Mainland China.

It slumped 12.3% to a mere HK$70.3 billion.

The Singapore firm, which has announced its secondary listing in Hong Kong, will issue bonds instead of borrowing from banks.

Continued deterioration in external demand is clouding UBS’ 12-month outlook for Hong Kong.

Survey shows 175,100 Hong Kong residents worked on the Mainland before July 2010.

Seems like a good sign for Hong Kong, as private consumption accounts for 61% of its GDP.

UBS projects that the country’s inflation will intensify in the coming months, expecting full year 2011 inflation to more than double to 5.5% from last year’s 2.3%.

The banks were somewhat reliant on strong loan growth but though loans for domestic use have grown, almost 25% of the total loan book is now for use outside of Hong Kong.

It fell to 16,822.15 with only four stocks escaping declines.

But volume of sales of furniture and fixtures fell 1.8%.

Ironically, they are the most pessimistic workers in the region, with 55% having a gloomy economic outlook.