News

Inflation will somewhat erode real income at least with respect to most local Hong Kong consumers.

Food price inflation may rise to 7% in 1Q11 should inflaton in China worsen.

The HKEx has raised in the first 11 months of 2010 US$ 61.2 billion in 74 IPOs or 24% of the total global IPO value so far.

Hong Kong is the world's ninth-largest holder of foreign currency with reserve assets amounting to US$266.1bln.

High levels of government ownership in the sector bolster ratings behind support from the government and strong access to the domestic capital and bank markets.

The new destinations will help to meet demand for both business and leisure travel to and from Hong Kong.

IMF forecasts Hong Kong’s economy to grow 6.75% this year and moderate to 5-5.5% next year.

A WTO official lauded Hong Kong for being one of the freest economies, its commitment to the multilateral trading system, and its efforts to further develop trade.

The agreement is the 17th aimed for the avoidance of double taxation in Hong Kong by its trading partners.

The total consideration of sale and purchase agreements in November was up 30.2% to $74bln on October.

The lender banks on network in both countries to spearhead clients tap the links between two of the world’s largest emerging markets.

Continued robust sales of big-ticket items are reflective of the firm consumer sentiment.

Natural gas sales up 21.8% TO 1.83bln m3 as projects increased to 140.

Backing assets down $1.8bln due to exchange loss triggered by a stronger Hong Kong dollar and the redemption of Certificates of Indebtedness.

Effective 25 November 2010, Robert Lang will be joining HSBC’s Executive Committee in Hong Kong.assuming the position of Managing Director for Insurance Businesses in the region.

Yet new loans approved dropped 2.2% to $30.8bln while an increase of $1.8bln was registered in approvals for primary market transactions.