Hong Kong

You buy a liability policy and figure, "That's it I'm covered. If I'm sued, my insurance will take care of it." You hope!

Global economic uncertainty is taking an obvious toll on employment in Hong Kong financial services this year, with cost controls creating redundancies and reducing recruitment, especially at international firms. But that’s not to say the market is completely moribund. A few functions, including those featured below, continue to experience comparatively healthy hiring, all be it typically at lower levels than last year.

Hong Kong has launched a three-year microfinance loan scheme to foster entrepreneurship in a sputtering economy.

The government aims to help release 20,000 units every year - almost twice the 9,500 units made available in 2011.

China is encouraging foreign investors to use the renminbi or yuan for trade and investment in Hong Kong.

Hong Kong's retail sales continued to slow in May as the economic slowdown took its toll on spending.

If you desire an animated dinner, start a debate about why some countries are rich while others are poor. Asia is the ideal battle ground for this debate: the region has developed and emerging economies, modern and backward nations, democracies and dictatorships. Many Asian countries were poor just 50 years ago, but are now among the richest in the world – Singapore, Taiwan, Japan, Hong Kong and South Korea. And some got poorer in the same period – Sri Lanka, Philippines, Myanmar and North Korea. China is now half way, and on the way up.

Financial Secretary John Tsang welcomes the measures China will implement to strengthen cooperation between Hong Kong and the Mainland.

Chinese President Hu Jintao said the next five years will be critical to Hong Kong’s long-term development.

Leung Chun-ying took office yesterday as Hong Kong’s third chief executive since 1997.

China unveils a set of measures to strengthen its ties with Hong Kong.

Hong Kong Exchanges & Clearing Ltd might resurrect a controversial practice suspended since 2009.

There are plans to build a new city in China to compete against Hong Kong.

Tourism remains only one of a few bright lights in the otherwise gloomy economic landscape facing Hong Kong this year.

Benz fans will have the ride of their lives with the aluminum-made, 140-kilogram SL model series.

People continued to spend but at a slower pace compared to 2011 because of the unfavourable economic environment.