News

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

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.

The Philippines' airline regulator will hear on September 26 a petition by Hong Kong airline firms, Cathay Pacific Airways Ltd and Dragon Airlines Ltd, to increase passenger fares.

Hong Kong Exchanges and Clearing Ltd has launched the city's first deliverable renminbi or yuan currency futures contract based on the renminbi and the US dollar exchange rate.

Hong Kong's efforts to contain rising property prices have slowed the growth of Sun Hung Kai Properties Ltd, the largest property developer in the city.

Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) at 'A-' with a Stable Outlook, and its Short-Term IDR at 'F2' of Hutchison Whampoa Ltd.

Financial Secretary John Tsang is again warning about the risk of asset bubbles since the global economy remains in turmoil.

Paul Kagame, President of the Republic of Rwanda in central eastern Africa, asked Hong Kong's businessmen to invest in his country and be part of its economic revival.

Tourism continues to bring in more revenue for Hong Kong despite a general slowdown in tourism worldwide.

Financial Secretary John Tsang is at the APEC Economic Leaders' Meeting in Vladivostok, Russia that has endorsed a joint declaration covering transparency, green growth and food supply.

Hong Kong stocks posted their largest single day gain in 10 months Sept 7 after China's announced a massive US$158 billion (RMB1 trillion) infrastructure stimulus.

Hong Kong and Chile last Sept 7 signed a free trade agreement that took only a year to complete.

Hong Kong has moved up two places to 9th in the list of the world's most competitive economies.

An electronic-bill payment system will greatly facilitate local and cross-border yuan bill payments made by Hong Kong residents.

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.

Seven of the 14 building plans approved in Hong Kong in July went to residential developments.