News

Chief Executive Donald Tsang is encouraging Victorian companies to establish take advantage of Hong Kong's position as the premier gateway to China.

This as leading indicators are said to be turning down again.

Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion.

The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.

Hong Kong shares closed flat after China's central bank raised the amount banks must keep in reserve.

Hong Kong's Exchange Fund foreign assets amounted to 2.12 trillion HK dollars or about US$272 billion in May, up 6.8 billion HK dollars from the previous month.

The 8 sites are expected to produce about 6,000 units twice the number provided by the nine residential sites put up for sale in the second quarter.

The government said most of the major service industries recorded increases in business receipts in the first quarter.

Signs of renewed exuberance on the market have become evident following high transaction prices recorded in recent government land sale auctions.

Private residential building projects contributed the most to the growth of gross value of construction works at private-sector sites, which totalled $7.3bn.

Industrial production for manufacturing industries as a whole increased 3.5% in the first quarter while producer price index surged 8.2% in the same period.

 The Centre for Food Safety will prohibit the import and supply of DrinkaZine Energy Watt Sports Drink.

The airline provides enhanced access to China, UAE’s second largest trade and economic partner.

Carrier introduces travel experience that enhances convenience of customers flying from Hong Kong.

Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.

Under Secretary for Education Kenneth Chen says the Government will improve the inspection of textbooks to lower the threshold for new textbook publishers. Introducing competition in the textbook industry will provide better quality and more reasonably priced teaching materials to schools.