Hong Kong
Hong Kong holds on to its talent as financial services struggles
Hong Kong holds on to its talent as financial services struggles
The employment market in Hong Kong financial services is less buoyant than it was 18 months ago; major banks have been making redundancies, and recruitment remains at comparatively low levels. Despite this, Hong Kong financial professionals show few signs of wanting to leave the city.
Corruption, wealth and big business
“August 21 - Vietnamese police have arrested one of the country’s wealthiest bankers over undisclosed financial crimes, triggering sharp falls on stock markets in the economically troubled nation”.
Tourists from mainland surged four-fold
Hong Kong is pressured to boost infrastructure, services and living costs.
Mortgage loans application and approvals fall
Mortgage loans drawn down during July dropped by 20% compared with June, to $16.1 billion, said the Monetary Authority.
Hong Kong boosts depositor protection
The Hong Kong Deposit Protection Board says it will remain vigilant against threats that may arise from the slowing global economy.
Mainlanders boost sagging Hong Kong tourism
Tourist arrivals for the first seven months of 2012 increased 15.2% to 26.7m.
Investment-linked insurance: Combining the best of protection and investment
A retirement plan can seem remote and distant for the young. Yet, effective use of wealth management tools and an early start in saving for our retired life do give us a head start in achieving our goals and enjoying lives.
Retail sales growth to slip 10% amid global lull
High-end luxury products gained only 3.1% sales growth.
Save now for better future
Enhance energy efficiency with CLP Power.
Huo Yingli joins HKMA
Huo Yingli has been appointed Monetary Authority Senior Adviser at the Hong Kong Monetary Authority.
HKMA repo financing platform has first transaction
J.P. Morgan completes Hong Kong’s first HK$ tri-party repo transaction.
Social media week returns to Hong Kong
Social Media Week Hong Kong will take place across the city from September 25 to 27.
Hong Kong Airlines might cancel A380 order
Cracks in the wings of the Airbus A380 have prompted Hong Kong Airlines to consider canceling its order for 10 Airbus A380 superjumbos.
Finance professionals not abandoning Hong Kong
Despite the tough times, 82% of financial professionals now in Hong Kong would rather stay put until the global financial crisis blows over.
4 in 5 finance professionals snub working abroad
But half of them are geared up to leave banking and move to other industries.
SmarTone battles competition with multi-device services
SmarTone Mobile Communications expects rising revenues from its focus on marketing double-device subscriptions.
Almost 1 in 2 job seekers fail to find jobs in Hong Kong
Hong Kong’s unemployment rate remained unchanged at 3.2% for the second quarter despite the continuous battering taken by its weaker economy.
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