Hong Kong
Hong Kong to restrict foreign homebuyers
Hong Kong to restrict foreign homebuyers
Hong Kong’s government has announced rules that will severely restrict non-residents from buying property in the city.
Hong Kong signs free trade pact with Chile
Hong Kong and Chile last Sept 7 signed a free trade agreement that took only a year to complete.
Universal suffrage in Hong Kong by 2017?
Amid growing anti-China sentiment, Hong Kong's voters go to the polls on Sept.9 to institutionalize universal suffrage by 2017.
Hong Kong 9th most competitive in the world
Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.
Porsche Hong Kong unveiled new Porsche Boxster generation
The new car boasts of 15% better fuel efficiency.
Hong Kong to launch e-bill payment in 2013
An electronic-bill payment system will greatly facilitate local and cross-border yuan bill payments made by Hong Kong residents.
Hong Kong home sales still weak
The number of homes sold in the first seven months fell 22% to 46,910 from the same period a year ago.
Hong Kong company completes purchase of Saab
Hong Kong-owned National Electric Vehicle Sweden said it has completed its takeover of bankrupt Swedish automaker Saab Automobile and will market its first electric cars in 2014.
More residential buildings to rise in Hong Kong
Seven of the 14 building plans approved in Hong Kong in July went to residential developments.
HSBC expands prime services unit
HSBC Holdings Plc has bolstered its equities and prime services units with the appointment of nine senior executives to its Asia Pacific operations.
Deposits in July weaken
Total deposits with authorized institutions rose 0.8% this July from June with a 1% rise in Hong Kong dollar deposits.
Hong Kong fiscal deficit jumps 200% to $21.6b
The government reported a massive deficit for first the four months of the financial year 2012/13.
Retail sales edged up a measly 3.8%
Blame it on the recent nasty weather condition.
IPO market keeps shrinking
Hong Kong’s stock as a major capital market took another hit when China Everbright Bank Company put its IPO on hold.
ICBC securities service center now open for business
A subsidiary of China’s and the world’s largest bank recently opened its first securities service center in Hong Kong.
Hong Kong sues Ernst & Young
Accounting firm Ernst & Young faces a dilemma that could violate the laws of Hong Kong and China either way.
Export outlook poor for the rest of the year
Domestic exports plunged 16.8% from January to July compared to the year earlier as the economy continues to suffer from the economic slowdown.