Hong Kong

Hong Kong people spend US$1.9bnn on online shopping in 2011

PayPal study said figure expected to grow to US$2.5bn by 2015.

More must have travelled to Hong Kong in November

Visitor traffic increased 7% compared to the same month last year.

Service activities net output increased 3.9% in 3Q11

Net output in the import and export, wholesale and retail trades sector rose 4.8% in real terms.

Leading the Market with Services

RICOH shares their achievements and expansion plans in the future as they move towards more innovative I.T. services.

Where have all the employees gone?

There are 57,690 jobs in the private sector but there's no one to fill the positions.

Fears escalate as unemployment rises to 3.4% in November

And if you’re planning to look for a job, you may not be in luck as employers stay cautious towards recruitment.

Hong Kong’s GPD up 8.8% to a whopping $487b in 3Q11

The country’s GNP was larger by $6 billion, rising 9.8% in the third quarter.

Payback time: MF Global Hong Kong to return client money

A court has so far approved the return of HK$500 million.

Exports and imports volume up in October

Double-digit increase was recorded for the total export volume to Taiwan.

Hong Kong IPO earnings drop 81% in the fourth quarter

They have raised only $5.6 billion, according to data compiled by Bloomberg.

Lifestyle International wins bid for Shanghai site

The department store operator is shelling out more than US$387 million for the deal.

Hong Kong to boost Renminbi's internationalisation

Hong Kong was an important constituent of China’s financial market, and the Mainland could leverage Hong Kong’s effective financial resource allocation platform to facilitate the renminbi’s internationalisation, Financial Secretary John Tsang said.

November Exchange Fund foreign assets drop $100mn

The Monetary Base reached $1.0602tn while claims on the private sector amounted to $143.5bn.

Renminbi business boosts Hong Kong's status as financial hub

Government believes Hong Kong has very good potential to develop into an offshore renminbi business centre.

Hong Kong overtakes US and UK in Financial Development Index

Hong Kong took the top spot with a score of 5.16 on a scale of 1-7, says World Economic Forum.