In Focus
Professional services grant scheme opens
Professional services grant scheme opens
Grant funds projects aimed to increase Hong Kong's professional services' competitiveness, and enhancing the service standard.
August total deposits up 0.5%
Renminbi banking business on the rise as deposits grew 25.8% to RMB130.4bln.
Cathay Pacific signs code-share agreement with Alaska Airlines
Partnership expands Hong Kong carrier's reach in North America and increases overall passenger volume.
Hong Kong posts double-digit import-export growth in August
Exports to Asia grew 41% especially to Thailand, Vietnam and China.
HSBC kickstarts first Middle East RMB trade settlement transaction
Move enabling Middle East businesses to settle payments in RMB, unleashing opportunities for Asia expansion.
Hong Kong tourist arrivals grow 22% in August
China arrivals rose 27.7% to 2.37mln while South Korea arrivals rose 35.7% due to won appreciation.
Hong Kong approves 3 airlines' fuel surcharges hike
All Nippon Airways, Cathay Pacific and Singapore Airlines raise fuel surcharges by 3-5%.
Groups propose scripless securities market in Hong Kong
Paperless option to become effective following necessary legislative changes and when the market is ready.
Second quarter service activity output up 6.3%
Net output for construction sector up 16.3% behind surge in public-sector works.
Cathay Pacific and Japan Airlines to expand code-share arrangements
Move to give passengers more flexibility and choice when travelling between Hong Kong and Japan.
Banks fall short on customer loyalty in Hong Kong and Asia Pacific
Customers feel unappreciated, unrecognized and under rewarded by their banks.
Hong Kong GDP grows 5.9% to $413.5bln
China remains largest external factor income inflow source at 43.8% as GNP $17.6bln larger than GDP.
HKMC to launch premium loan guarantee scheme
Scheme will guarantee to banks of up to 70% combined loan-to-value threshold of the premium loan.
Asia-Pacific fund managers bullish on equities
Half of fund managers with overweight view on equities yet cautiously optimistic towards Greater China.
Second quarter service industries' receipts rise
Yet financing and banking industries recorded slight drops of 2.7% and 0.3% in business receipts.
Hong Kong's finance industry faces talent shortage
91% of employers in Hong Kong’s finance industry report skills shortage in finance and accounting.
Foreign currency reserve assets up to US261.4bln
Hong Kong's total foreign currency reserve assets are about 56% of HK dollar M3.
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