In Focus

Tsang said downgrade of US debt rating by itself would not spark crisis but by other economic factors.

Hong Kong shares dropped to their lowest since July 2010 following the downgrade of US’ credit rating.

Strong demand, currency depreciation and rising wages ultimately all fuel inflationary pressures.

Total consideration for sale and purchase agreements in July was down 39.9% to $42.4bn.

Hong Kong ranked highest in Asia in of foreign direct investment stock last year, enjoying a 30% share, or a little over US$1tn.

Arrivals of Chinese tourists soared more than 20% to over 12 million behind the Mainland’s positive economic environment.

The number of new mortgage applications dropped 30.3 percent in June.

More survey respondents in the real estate, financing and insurance sectors expect their employment situation to improve.

Only the durable goods sector suffered a 3.7% drop in prices.

Yet the volume of re-exports dipped 5.3%, while domestic exports volume fell by 10.3%.

Three firms are interested to renew their franchises for another decade.

Commerce & Economic Development secretary stressec that the bill will be instrumental in protecting SME’s right to compete in the market.

This is the first time since November amidst higher mortgage rates.

Inflation-linked retail bond can be availed by Hong Kong residents through any of the 20 placing banks, securities brokers or the Hong Kong Securities Clearing Company.

More overseas companies seen to list in Hong Kong in the second half as new IPOs may reach up to HK$380bn in value in 2011.

An expected total fund raised of HK$400bn by 2011 end as companies use Hong Kong listing to tap China market.