News
Exchange Fund assets drop $45.7B
Exchange Fund assets drop $45.7B
Total assets of the Exchange Fund amounted to $2.3457 trillion at the end of December, down $45.7 billion on November.
Facebook opens advertising office in Hong Kong
Facebook announced Tuesday the opening of its Hong Kong sale office. It will provide support for brands, agencies and companies in Hong Kong and Taiwan.
2 pre-sale consents issued in January 2011
One pre-sale consent is for a residential development and one for commercial.
Yuan deposits to occupy 22.5% of total deposits by 2015
Hong Kong is set to become the first and largest recipient of CNY denominated ODI flows.
Hong Kong PMI jumps to 55.2 in January 2011
The current reading is an improvement from the 55.0 posted in December 2010.
Dragonair workforce expansion underway
A walk-in interview session is being offered by Dragonair to look for new qualified cabin crew.
Flat sales down 15.9% in January 2011
The number of sale and purchase agreements for all building units received for registration in January was 9,917.
Bank loans overshoot January target
New bank loans in the mainland during January hit US$182.89 billion, which overshot the central bank's cut-off target by at least 20 percent.
Crazy Hong Kong office rents skyrocketed 33% in 2010
Hong Kong registered the highest annual office rents growth in Asia Pacific outranking Beijing, Singapore and Shanghai.
Total retail sales up 18.3% in 2010
The sales volume of miscellaneous consumer durable goods registered the highest growth.
Research: 30% of HK households may not afford private housing
Thirty of Hong Kong incomes are sandwiched between private housing and the government's public rental housing. This trend is expected to continue for the next 20 years.
Hong Kong tops The Globalization Index
Singapore was overtaken by Hong Kong as the most globalised economy in the world.
$41.8bln surplus recorded in December 2010
The surplus in December was mainly due to the receipt of $33.8 billion in investment income on fiscal reserves.
Firms switch from GEM to main board
More firms are making the switch from the Growth Enterprise Market to the main board this year than last year. Most of them are small and medium- sized enterprises.
Hong Kong property slowdown masks future growth
Hong Kong's property market is expected to grow after the Lunar New Year although it has slowed down ahead of the festival.
HK December Exchange Fund assets down $45.7bn
Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments.
Hong Kong banking sector remained resilient in 2010
Total loans recorded a 28.6% increase last year, according to Hong Kong Information Services Department.