In Focus
Year-end IPO surge in Hong Kong
Year-end IPO surge in Hong Kong
Two IPOs raise US$3.38 billion but investor sentiment remains weak.
Capital values of HK high street shops grew moderately in 3Q12
It slowed to 3% against the previous quarter's 9.8%.
Hong Kong educational system world’s 3rd best
Ranks behind Finland and South Korea in cognitive skills.
CIMB to do more investment banking in Hong Kong
New strengths allow it to be more competitive.
Take-up for offices for lease plunged 80% in 3Q12
Grade A office rents meanwhile grew 1.5% after 3 months of decline.
Land developers assail government control
Claim government stranglehold is potentially dangerous.
Speculators buying up parking spaces
Some parking spaces now more expensive than small apartments.
HSBC to sell Ping An stake
Ping An to be divested despite its profitability.
Government insists that stamp duties are working
Claims it’s stabilising the property market.
Hong Kong’s 2012 GDP growth estimated at 1.2%
Gross Domestic Product grew 1.3% year-on-year in the third quarter.
Hong Kong air pollution worse than feared
Government audit shows cancer-causing pollutants rising by 200%.
Tsang rejects calls to end peg
There is no better alternative to the HK$ to US$ peg.
Hong Kong to beat New York as the world’s top financial center by 2016
Some 262,000 financial services jobs await.
CIFI and Tsui Wah IPO in Hong Kong
Both firms intend to raise a combined US$365 million.
No new supply of Grade A office in 2013
Scarce supply of Grade A office premises will continue in 2014.
Cathay Pacific flying more cargo
Hong Kong's airline reports its first significant freight growth in 18 months.
HKEx underperforms in Q3
Hong Kong Exchanges & Clearing reported a 19% drop in its third-quarter net profit.