Hong Kong

Carlson Tong in line as next SFC Chairman

Carlson Tong in line as next SFC Chairman

Carlson Tong Ka-shing is to be appointed the next chairman of the Securities and Futures Commission.

High-end office rents remain soft

Premium office rents fell further in the third quarter with the average rate tumbling 23% from its peak level in 2008.

Taiwan encourages more business deals with Hong Kong

More business exchanges in services between Hong Kong and Taiwan will ultimately serve to boost the economies of both states.

Hong Kong retains AA+ Fitch rating

Fitch Ratings has affirmed Hong Kong's Long-Term Foreign- and Local-Currency Issuer Default Ratings at AA+.

Hong Kong BOP deficit hits $7.1 billion

Hong Kong recorded a balance of payments deficit of $7.1 billion in 2Q12, as against a surplus of $63.8 billion in the first quarter.

The real score behind the 'enterprise social' phenomenon

The advent of Facebook and similar social networking portals and tools is profoundly changing the world of work. While these changes may not have made themselves felt at your workplace yet, you can be sure they are on the way, as the industrial and institutional legacies of the 20th century are replaced by open and collaborative communities.

How to attract the best talent in 5 steps

Talent acquisition is an issue for many in Hong Kong. The slowdown in mainland China should make hiring easier in the short-term, but the combination of an aging population, increased competition, and a skills shortage will make it more difficult for leaders to find the right people in the long-term. To attract the best talent in the future, leaders must innovate.

LUKoil delays Hong Kong listing to 2013

LUKoil, Russia's second largest oil company, has postponed its Hong Kong listing to 2013.

Consumer prices up 3.7%

Net inflation rose 3.7% in August year-on-year despite a respite from rent increases.

More rich becoming less richer in Hong Kong

The continuing economic slump reduced the ranks of the rich in Hong Kong by over 17% in 2011.

Hong Kong falls behind Singapore in wealth management

Singapore's rich has a combined US$439 billion in 2011 compared to Hong Kong’s with US$408 billion.

Hong Kong is again world's freest economy

Hong Kong has again been cited as the economy that offers the highest level of economic freedom worldwide.

Hong Kong bankruptcies on the rise

Businesses are taking a beating amid the worsening economic crisis with bankruptcy petitions rising 12.3% in August compared to July.

Construction of residential homes on the rise

Construction of residential homes accounted for more than half of the total value of construction in Hong Kong during the second quarter.

Residential property market to shrink by a fourth

Hong Kong’s banks are in for more pain as the new and unduly strict rules to curb property speculation choke decelerating market growth even further.

Hong Kong has future as top IT center

Hong Kong could become Asia's leading information technology center because of its many competitive advantages, said international commercial real estate services firm Cushman & Wakefield.

Negative export growth this year

Hong Kong stands to see no growth in its total exports for this year as businessmen remain pessimistic about the economy.