News
Hong Kong 2010 exports up 18%
Hong Kong 2010 exports up 18%
The prices of total goods exports rose 4.7% while the prices of goods imports went up 6.4%.
Cathay Pacific to increase flights to Milan
Routes to Paris, Jakarta, Surabaya, Penang, Bangkok and Delhi are also enhanced.
Cathay Pacific and Dragonair passenger load factor down 2.5% in January 2011
The two airlines carried a total of 2,243,788 passengers in January, up 6.8% on the same month in 2010.
Government urged subsidy support
The enhanced scheme can benefit more people while ensuring the scheme's long-term sustainability and proper and fair use of public money.
Hong Kong credit card receivables up 12% to $87.5bn
Year-end spending and payment of salaries tax boosted credit card use.
Exchange Fund foreign assets up $3.7B
The Exchange Fund’s foreign assets grew by $3.7 billion in January to reach $2.0394 trillion.
Government to review Hong Kong tourism regulation
The Government wants to establish a regulation system which can maintain the trade's long-term development and protect tourist rights, said Mr Yung.
Property sale safeguards due by October
The committee on sale regulation of residential properties will table its recommendations by October.
Hong Kong underwear ideas rub off on Shenzhen
Shenzhen SEZ will open up for international underwear brands, particularly from Hong Kong and Taiwan, to bring in new ideas and technology.
Asia Pacific fourth quarter accelerated office rent up 1.5%
Consumers' expectation of continued rental catch-up bolstered booming investment demand.
Steering Committee strengthens property sale regulation
Misrepresentation and the dissemination of false information are key areas that will be discussed.
Hong Kong Exchanges open to international alliances
Hong Kong Exchanges is open to international alliances as a wave of consolidation in the sector threw the spotlight on Asian bourses.
Huadian to list new energy business on HK bourse
China Huadian Corporation plans to list its new energy business on the Hong Kong Stock Exchange. This follows after the public listing of China Datang Corporation Renewable Power. CHD intends to inject its hydroelectric, wind and photovoltaic power generation assets into one company which is expected to raise as much as US$1.5 billion in the Hong Kong bourse. CHD has diversified new energy businesses including marsh gas biomass power generation in Hubei, hydroelectric power in Fujian, and natural gas in Guangzhou. If the public listing is successful, it would become the sixth publicly traded company owned by CHD.
Mainland beats Hong Kong in largest holder of foreign currency reserves
Hong Kong ranked ninth as its currency reserve assets amounted to US$273.2 billion at the end of January 2011.
Total retail sales up 18%
Last year’s total retail sales rose 18.3% in value or 15.5 per cent in volume over 2009, the Census & Statistics Department says.
HK government vows to support tourism
Hong Kong is committed to tourism development and will invest in new facilities, attractions and tourism infrastructure.
Flat sales fall 16%
The number of sale and purchase agreements for all building units in Hong Kong's Land Registry in January was 9,917. It is down 15.9% from December, and 19.9% year on year. The total consideration of sale and purchase agreements was $59.1 billion, up 10.6 per cent from December and 32.1 per cent on January last year. Of the agreements, 8,002 were for residential units, down 14.2 per cent from December and 24.9 per cent on January last year. The total consideration for sale and purchase agreements in respect of residential units was $33.3 billion, down 16.5 per cent from December and 7.8 per cent from January last year. The 12-month moving average for January was 13,356, which was 1.5 per cent below the 12-month moving average for December, but 14 per cent above that for January last year. The number of searches of land registers made by the public was 502,271, up 10.5 per cent compared with December and 1.7 per cent on January last year.