Economy
Beware of faster inflation, says economist
Beware of faster inflation, says economist
Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.
Hong Kong keen on China’s RMB20bn sovereign bond issue
The Mainland’s third bond issuance seen as support for Hong Kong's development as an offshore renminbi business centre.
Hong Kong’s PMI rises to 51.4 in July
As new orders show resumption in growth.
Analyst warns Chinese banks on risk from rising local government debt
79% of China's local government debt were from bank loans, according to the National Audit Office.
Hong Kong’s restaurant receipts up 5.8% to $21.2bn
Total restaurant receipts increased by 1.7% and 0.4% in volume in April and June after discounting the effect of price changes.
Ashley Alder appointed as Securities & Futures Commission chief
Alder is an international law firm partner, specialising in areas of capital markets, mergers and acquisitions.
Westpac CEO: Australians are too glum about economy
Despite booming resources sector a survey showed 47% of businesses sees weakening of Queensland economy in the next 12 months.
Consultation respondents demand statutory regime on MPF products
The regime aims to regulate the sale and marketing of MPF products before the implementation of the Employee Choice Arrangement.
GDP forecast revised
Economists at HSBC raised it from 5.5 to 6.4 for 2011.
Hong Kong 3rd in foreign direct investment flows worldwide rankings
Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.
155,835 valid applications for iBond subscription received
The retail bond will be issued on July 28 while its listing and dealings on the Stock Exchange will take effect on July 29.
HKMA shows new banknote designs
The notes are equipped with features for security and to aid the visually impaired to differentiate between the denominations.
Hong Kong businessmen look forward to an upbeat third quarter
More survey respondents in the real estate, financing and insurance sectors expect their employment situation to improve.
It doesn't end with pork: Hong Kong’s inflation shoots to 35-month high
The country’s consumer price inflation rose to 5.6% yoy in June.
Hong Kong consumer prices up 5.6% in June
Only the durable goods sector suffered a 3.7% drop in prices.
Exchange Fund posts $46.3bn income during the first half
The fund rakes in $43.6bn net investment income amidst the asset markets’ volatility in the first half of the year.
Tightening bites: China’s Flash Manufacturing PMI drops to 48.9 in July
This is the first time flash PMI fell below 50 in a year.
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