News

Hong Kong stocks continue to fall

Hong Kong stocks continue to fall

The benchmark Hang Seng Index closed at 22,906.90, down 83.91 points, or 0.36 percent, after fluctuating between 22,837.09 and 23,055.47.

GDP may have increased 6.6% in 2010

4Q 2010 GDP is projected to have advanced 5.0% y-o-y compared with 6.8% for 3Q10.

Inflation to reach 4.0% in 2011

Food inflation should be one of those leading the charge – already at a 23-month high in Dec 2010, Hong Kong’s food prices look set to rise further.

Moody's: China fuels Hong Kong's growth

Moody's ascribes the strength of growth in many Asian economies in recent years to the benefits of increased integration with China.

SFC solicits views on stock exchange list expansion

The Government wants to find out public’s reaction on Government's initiative to offer tax exemptions to offshore funds engaged in futures trading.

Surplus of $60bn to $80bn may be achieved for the full FY2011

Most if not all of the to-be reported FY11 surplus could be viewed as a windfall ready to be saved or spent.

Government to relax criteria for legal aid applicants

The Chief Executive in Council has approved the government's plan to relax the criteria for assessing the financial eligibility of legal-aid applicants.

HK government mulls better credit rating rules

The government also plans to amend capital requirements for corporations licensed for Type 10 regulatory activity and connected matters.

Fuel surcharge for short-haul flights up 15%

The new maximum surcharge will be $165 for short-haul flights and $747 long-haul flights.

Hong Kong airport passengers up 10% in January 2011

Passenger traffic at Hong Kong International Airport grew to 4.3 million in January.

Subsidy scheme may raise income limit for two-member households to $12,000

A further upgrade to the Work Incentive Transport Subsidy Scheme has been proposed, said Secretary for Labour & Welfare Matthew Cheung.

51% of Chinese companies likely to make an acquisition

Chinese companies possess the means, motivation and opportunities to speed up the hunt for acquisitions in 2011.

Tiger Airways and South East Asian Airlines to start new daily flights between HK and Manila

The new route will offer low fares to tourists, business travellers and Filipinos working abroad on the important link between the Philippines and China.

Senior job ad volume down 7% in 4Q 2010

The decrease in volume was due to a recruitment slowdown in preparation for budgetary planning and bonus schemes, coinciding with the holiday period.

Hong Kong airport named world's best for fifth consecutive year

Hong Kong International Airport also came third in both the Asia-Pacific region and overall categories.

China Mobile and Vodafone forge strategic partnership

The two companies sealed strategic co-operation framework agreement to continue exchange of innovative ideas with each other.

Hong Kong population rose 0.9% in 2010

There were 6,885,300 usual residents and 212,300 mobile residents in the past year.