Economy

Hong Kong is again world's freest economy

Hong Kong is again world's freest economy

Hong Kong has again been cited as the economy that offers the highest level of economic freedom worldwide.

Hong Kong bankruptcies on the rise

Businesses are taking a beating amid the worsening economic crisis with bankruptcy petitions rising 12.3% in August compared to July.

Negative export growth this year

Hong Kong stands to see no growth in its total exports for this year as businessmen remain pessimistic about the economy.

More agreements signed with Guangdong

Seven agreements that include the further liberalization of Guangdong's trade services sector were signed between Hong Kong and that south China...

US stimulus endangers Hong Kong; recession now more likely

The massive new stimulus announced by the US Federal Reserve Sept. 13 has forced Hong Kong to take immediate action to prevent its tumble into...

Tourism shines in gloomy economy

Tourism continues to bring in more revenue for Hong Kong despite a general slowdown in tourism worldwide.

Tsang attends APEC leaders' meeting

Financial Secretary John Tsang is at the APEC Economic Leaders' Meeting in Vladivostok, Russia that has endorsed a joint declaration covering...

Pro-democracy parties prevail in LegCo election

Hong Kong's pro-democracy candidates rode a wave of strong anti-China sentiment to emerge with a small but decisive minority in the Legislative...

Hong Kong shares jump on China infrastructure stimulus

Hong Kong stocks posted their largest single day gain in 10 months Sept 7 after China's announced a massive US$158 billion (RMB1 trillion)...

Hong Kong signs free trade pact with Chile

Hong Kong and Chile last Sept 7 signed a free trade agreement that took only a year to complete.

Universal suffrage in Hong Kong by 2017?

Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.

Hong Kong 9th most competitive in the world

Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.

Hong Kong company completes purchase of Saab

Hong Kong-owned National Electric Vehicle Sweden said it has completed its takeover of bankrupt Swedish automaker Saab Automobile and will market its...

Deposits in July weaken

Total deposits with authorized institutions rose 0.8% this July from June with a 1% rise in Hong Kong dollar deposits.

Hong Kong fiscal deficit jumps 200% to $21.6b

The government reported a massive deficit for first the four months of the financial year 2012/13.

Hong Kong sues Ernst & Young

Accounting firm Ernst & Young faces a dilemma that could violate the laws of Hong Kong and China either way.

Export outlook poor for the rest of the year

Domestic exports plunged 16.8% from January to July compared to the year earlier as the economy continues to suffer from the economic slowdown.