Economy
Survey shows climate change top concern in Hong Kong
Survey shows climate change top concern in Hong Kong
Yet only 15% in HK said they understand a lot about climate change compared to 36% global average.
September total exports up 24% to $280.2bln
A trade deficit of $24.4bln, equivalent to 8% of the value of imports of goods, was recorded in September.
US quantitative easing seen to boost HK asset prices
Yet HK chief executive’s address offered very few measures in curbing near-term property price advances.
Hong Kong and France agree to avoid double taxation
Tax pact was also made with 14 countries as HK opens expansion opportunities to French companies.
Hong Kong unemployment rate steady at 4.2%
The underemployed grew by 500 to 71,000 despite increase in total employment by 8,000 people.
More renminbi bonds to be issued in Hong Kong
ADB and World Bank’s top quality bonds issuance demonstrates importance of HK as renminbi bond market.
Overseas companies operating in HK up 2.6%
Twenty percent of the companies said they may expand their businesses in Hong Kong.
Wage rate to be tabled on November
Government to research on standard working hours that should balance the overall business environment and people's life quality.
Hong Kong strikes technology deal with Alberta
Five-year agreement will enable both governments to explore feasibility of scientific and technological co-operation.
Hong Kong to add $1bln to support SMEs
Ties with the Mainland and Taiwan are also strengthened to further bolster small enterprises.
Hong Kong's ROE lowest at 7.9%
China and Hong Kong were the only markets where ROE fell in 2009, according to HSBC.
Risk of a double-dip recession remains remote
This is because the huge imported monetary stimulus will continue to boost mainland growth, according to HSBC.
Exchange Fund total assets surges by $43bln
Foreign currency assets grew $24.2bln behind gains on foreign currency investments.
Net FDI in Hong Kong improves
The country has historically run a large FDI flow deficit, noted HSBC.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Hong Kong posts double-digit import-export growth in August
Exports to Asia grew 41% especially to Thailand, Vietnam and China.
Second quarter service activity output up 6.3%
Net output for construction sector up 16.3% behind surge in public-sector works.
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