News
Value of construction works up 4%
The total gross value of construction works by main contractors in the second quarter of this year increased 4% in over the same period last year, to $29.4 billion.
Value of construction works up 4%
The total gross value of construction works by main contractors in the second quarter of this year increased 4% in over the same period last year, to $29.4 billion.
Hang Seng Index set for drop by over 600 points
Investors are uninspired as the debt crisis in Europe continues to be a concern.
Labour chief to HSBC: Minimise the impact of retrenchment
The Labour & Welfare Bureau has expressed its concern with HSBC following news that the bank will cut 3,000 jobs in Hong Kong.
Hong Kong airfares greatly affected by low cost carriers
Business discount fares decreased 3% as more corporate customers are flying economy on the short-haul routes within Asia.
Optimism in the US drives Hong Kong stocks up
The Hang Seng Index saw its biggest rise since 23 August.
3,000 HSBC jobs to face the axe in Hong Kong
The job cuts are part of the bank's plan to slash annual costs by $3.5 billion.
August foreign currency reserves surge by US$600mn
The figure represents about nine times the currency in circulation.
Hong Kong is 2nd most expensive place to build in Asia
The country came in behind Japan and tied places with Singapore.
Technical recession looms
With negative real GDP growth in the past two quarters, outlook is bleak especially amidst lower exports to the troubled USA and EU.
Overall inflation forecast to average 5.3% for 2011
It would be the highest since 1997.
Hang Seng Indexes unveils 4 new indexes
Among the objectives of the indexes is to provide benchmarks to the market reflecting the overall performance of HK listed foreign companies and all HK listed companies.
Trust trumps investment performance for high net worth individuals
Need arises for ensuring steady supply of private bankers as focus shifts to Asia.
GDP contracted by 0.5% in Q2 2011
Blame it on sharp deceleration in the export of goods.
Hong Kong’s PMI plunges to 47.8 in August
As operating conditions in Hong Kong’s private sector economy deteriorates for the first time in over two years.
Sale and purchase agreements for buildings slump 56.6% to 7,348
The total consideration for sale and purchase agreements was only $40.8 billion in August .
China to outgrow Hong Kong in luxury markets: report
The growth of luxury markets in China will outperform Hong Kong in the long term, based on a financial report.
Three reasons why mainland tourists shop in Hong Kong
HSBC cites the reasons why mainland tourists have been flocking to the country to satisfy their shopping needs.
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