Economy
Only 4% of Fortune 500 companies have Asian directors
Only 4% of Fortune 500 companies have Asian directors
Of these 105 board directors with Asian descent, 22 live and work in Asia and hold board seats at 21 Fortune 500 companies.
Hong Kong banks’ sales process needs improvement
Monetary Authority and SFC regularly supervise banks to ensure that their duties of disclosing accurate and adequate information and presenting...
Inflation may deteriorate corporate payment performance--Coface
Study says Hong Kong is vulnerable to a sudden rise in risk aversion that could lead to a bust of the real estate bubble.
Hong Kong’s first quarter exchange fund yields $24.2bn
Monetary Authority said Hong Kong’s interest-rate cycle and capital flow will be affected by the US’ quantitative easing policy.
April new mortgage loans drawn down falls 12% to HK30bn
The proportion of new mortgage loans priced with reference to the Hang Seng Interbank Offered Rate slid to 89.8% from 91.7% in March.
Hong Kong’s April inflation up 4.6%
Surge in private housing rentals and food, excluding meals bought away from home caused the slight increase in overall consumer prices.
SFC reappoints Wong Kai-man director
Wong’s promotion of the commission's good corporate governance prompted SFC to reinstate him in his post.
Hong Kong unemployment rate up to 3.5%
Total employment rose notably in February-April, by 8,200 to 3,585,500 but outpaced by an even bigger increase in the labour force.
HKMA warns of deposit and lending rate increase
The supply and demand of the Hong Kong dollar in the local banking system is the key factor behind the change in deposit and lending rates.
Hong Kong April foreign assets up by $27.5bn
The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.
Hong Kong first quarter real GDP up 7.2%
The economy is poised for a real growth of 5%-6% for this year, up one percentage point from February forecast announced in February..
GDP may have advanced 6.5% in 1Q 2011
Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.
Hong Kong March exports up 13.7%
The volume of total exports climbs 17.7%, and the volume of imports soars by 12.9% in the first quarter.
Foreign currency reserve assets increased US$4.3bn in April 2011
The official foreign currency reserve assets of Hong Kong amounted to US$276.9 billion at the end of April.
Hong Kong PMI fell to seven-month low
The headline PMI posted 52.9 in April 2011, down from 54.9 in March.
Housing gets bigger share of Hong Kong residents’ expenditure
Spending on housing and food goes up while residents cut expenses on transport and on clothing and footwear.
Value of Hong Kong total exports up 21.5% in March
Re-exports value grew 21.7% to $275.1bn while the value of domestic exports up 11.6% to $6.4bn.
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