News
Consumer prices up 7.9% in July
Good news is electricity, gas and water prices went down mainly due to the Government's electricity charge subsidy.
Consumer prices up 7.9% in July
Good news is electricity, gas and water prices went down mainly due to the Government's electricity charge subsidy.
Salaries of Hong Kong CEOs grew 19% in 2010
The real estate sector paid Hong Kong executives the most, with total cash compensation amounting to RMB 7.3m.
“Stay calm”: Professor KC Chan
The Secretary for Financial Services & the Treasury said this amidst the European debt crisis and a seemingly looming recession in the US.
Hong Kong’s private residential rents shoot to 14-year high
Private residential rents averaged HK$20.1/sqft in June, the highest recorded since September 1997.
Hong Kong’s real estate investment volumes drop 6.6% to US$ 2.4b
With retail investments accounting for 54% of all transactions.
Hong Kong’s inflation may have surged to 8.6% in July
Standard Chartered says inflation will continue its seasonal uptrend from August onwards.
HSBC to arrange Chinatex’s Hong Kong syndicated loan
The partnership of the two companies to leverage HSBC’s Greater China strength.
Executive compensation in Hong Kong up 19% in 2010
The catch: long-term incentives remained low.
Cathay Pacific and Dragonair July passengers up 1.6% to 2.52mn
Yet the two airlines cargo and mail load dropped 11% to 140,050 tonnes.
20b yuan quota pledged for investors
The quota pledged by Vice Premier Li Keqiang aims to support Hong Kong companies investing in securities in China.
Second quarter credit card receivables up 3.9% to $87bn
Yet delinquent amount surged to $176mn at end of June from $162 million at end of March.
China Everbright International’s Germany photovoltaic power station starts operation
The group’s first overseas project to commence operation is also Europe’s largest amorphous silicon thin film photovoltaic power station.
Hong Kong needs more accountants and finance professionals
Yet 93% of Hong Kong employers surveyed cannot find skilled finance professionals in the current market.
Hong Kong’s Treasury chief: Asian markets are healthier
For Prof Chan, market fluctuations in the US and Europe were caused by worries of recession and debt-settlement issues.
Asia Pacific second quarter office rental growth down to 0.4%
Industry players eye further slowdown amidst rising interest rates.
Tourist arrivals in Hong Kong surge 14.1% in 1H11
DBS says this is the highest half-yearly figure ever recorded.
Hong Kong’s GDP grows 5.1% in 2Q11
Standard Chartered blames the drag from net exports for the lower-than-expected growth.
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