Economy

Hong Kong to boost Renminbi's internationalisation

Hong Kong was an important constituent of China’s financial market, and the Mainland could leverage Hong Kong’s effective financial resource...

November Exchange Fund foreign assets drop $100mn

The Monetary Base reached $1.0602tn while claims on the private sector amounted to $143.5bn.

Renminbi business boosts Hong Kong's status as financial hub

Government believes Hong Kong has very good potential to develop into an offshore renminbi business centre.

Third quarter industrial production index up 0.2%

Producer price index also increased 9.6% in the third quarter.

India most exposed to global funding risks

Towering fiscal deficits and negative real policy rates to blame, says Morgan Stanley.

China’s inflation plunges to 14-month low in November

At 4.2%, the country’s inflation surprised the market, having dropped faster than expected.

Real estate business receipts down 18.2% in the third quarter

Another loser was financing industries, except banking, with 13.6% fall.

Is it all doom and gloom for Malaysia?

DBS says not yet for the time being, however, it will be soon if the country’s export growth continues to plummet.

China’s inflation may have dropped to 4.3% in November

As overall food inflation will likely have slowed to 9%, led by lower prices of pork, fresh vegetables and seafood.

Foreign currency reserves up to over US$282b

That is about nine times the currency in circulation.

Is Hong Kong getting cheaper as a location?

Survey shows Hong Kong has dropped 26 places to 58th position in the global ranking - the largest fall of any city in Asia.

Indonesia’s inflation eases to 4.2% in November

Except for food, however, inflation of other categories either held steady or rose higher.

India’s GDP slows to 6.9% in 3Q11

What’s even worse is that inflation is expected to stay elevated for the rest of the year.

Hong Kong’s retail sales may have dropped to 21.5% in October

It seems like less Hong Kongers are raiding the malls.

Hong Kong’s growth to plummet in 2012

UBS warns the country may hit rock bottom in 1Q12.

Hong Kong seen to have HK$35bn budget surplus

Study advised government to employ fiscal resources to enhance competitiveness while helping the disadvantaged.