News

Study shows Hong Kong employees seeking pay hike

Yet 93% of employers surveyed plan to maintain or increase headcount next year.

Study shows Hong Kong employees seeking pay hike

Yet 93% of employers surveyed plan to maintain or increase headcount next year.

Unemployment down to 3.2% in June-August

Over the same period total employment increased by almost 11,000.

Licensed banks in Hong Kong now up to 151

The Hong Kong Monetary Authority has granted a banking licence to Switzerland’s Banque Privée Edmond de Rothschild SA.

Hello, investors: Nearly 6 in 10 affluent Hong Kongers to invest in Greater China and Southeast Asian funds

It seems like they have a lot to invest, as 63% of Hong Kong's affluent reported a rise in net worth in the last 12 months.

Jobless rate to remain at pre-crisis lows, says analyst

The city awaits to see whether Hong Kong’s unemployment rate improved or worsened from the 3.4% level announced last month.

Wanted: Vacancies up 25% in June 2011

The total number of vacancies was 56,650 amidst a 3.2% rise in total employment in the private sector.

Hong Kong’s GDP up 9.9% to $445.9b in 2Q11

While the country’s GNP increased by 11.1% to $470.2 billion.

Almost there: Only 110 Lehman Brothers complaint cases remain under investigation

Investigation of over 99% of the 21,824 complaint cases related to Lehman Brothers has been completed.

HK International Airport flies a record 5m passengers in August

Flight movements also surged 6.7% to a new high of 28,940.

Beware of technical recession ahead, warns analyst

Standard Chartered says a technical recession could affect some Asian economies, like Singapore and Hong Kong, by the end of 3Q 2011.

SFC fines Oasis Management almost $1m

The fund’s chief investment officer faces the same fine for alleged improper trading.

Hotel rates in Hong Kong 11th most expensive worldwide

And average room rates in Asia Pac rose by 7%, overtaking Europe’s hotel rate growth.

Place your bets: The Venetian is the strongest casino brand in Macau

It attracts better players with a higher gaming and non-gaming budget, according to a survey.

Exchange Fund foreign assets up to over HK$2 trillion

External assets of the Exchange Fund increased by HK$33b as of end of August.

Hong Kong weathers economic headwinds from the West

Analysts forecast the city’s GDP growth to reach 4.9% in 2012.

British banks “absolutely” welcome in Hong Kong

Aside from HSBC, Standard Chartered is also assured to find a home in Hong Kong if it decides to relocate.

Is the bottom near for Asian economies?

Analyst said it’s difficult to be bullish amidst events in Europe and the US.