News
Deposits in July weaken
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.
Retail sales edged up a measly 3.8%
Blame it on the recent nasty weather condition.
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.
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.
Tourists from mainland surged four-fold
Hong Kong is pressured to boost infrastructure, services and living costs.
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.
Retail sales growth to slip 10% amid global lull
High-end luxury products gained only 3.1% sales growth.
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.
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.
StanChart is again Hong Kong’s Euro settlement institution
Hong Kong has reappointed Standard Chartered Bank (Hong Kong) as the Settlement Institution for the Euro Real Time Gross Settlement system.
Job opportunities in Hong Kong dip 2%
Only three sectors showed signs of improved recruiting activity.
MTR net profit crashes by over a third
A weaker property market inflicts a 33% plunge in net profit on MTR Corporation, Ltd during the first half.
CLP’s net profit sinks 42% to HK$3.36b in 1H12
Hong Kong power supplier's earnings was down from HK$5.8 billion last year.
Mainland and Philippine visitors boost Hong Kong’s tourism
The Hong Kong Tourism Board said 16% more visitors came to the island during the first half compared to the same period in 2011.
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