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  • July 13, 2014
  • Last updated: 11:15am
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  1. News - China - ECONOMY

    Local government debt show signs of improving

    Posted Jun 24th 2014, 07:48pm by Keith Zhai

    ... (HK$194 billion) of public spending. Audits of nine provincial and nine municipal governments showed debts grew by an average of 3.8 per cent from the end of last June to the end of March. ...

  2. News - Hong Kong - ECONOMY

    Hong Kong's economy does not rely on mainland tourists, says financial secretary

    Posted Jun 16th 2014, 04:53am by Ernest Kao

    ... Ernest Kao ernest.kao@scmp.com Finance chief rejects as 'inconsistent with the facts' suggestion HK is too reliant on tourists Mainland visitor claim exaggerated, says Tsang ... writing on his blog yesterday, said although tourism contributed significantly to the economy- some HK$80 billion, or 3.9 per cent of gross domestic product annually- the city was far from ...

  3. Business - Economy - ECONOMY

    China eases credit flow to fight slowdown

    Posted Jun 13th 2014, 05:57am by Victoria Ruan

    ... than in April. New loans amounted to 870.8 billion yuan (HK$1.08 trillion), compared with 774.7 billion yuan in April, the People's Bank of China said. The broad gauge of money supply, M2, ...

  4. Business - Economy - ECONOMY

    Bank of Japan stands pat as Kuroda sees ‘gentle recovery’

    Posted Jun 13th 2014, 03:43pm by Reuters

    ... areas. As widely expected, the BOJ maintained its monetary policy framework, under which it has pledged to increase base money by between 60 trillion yen (HK$4.77 trillion) and 70 trillion yen ...

  5. Business - Economy - ECONOMY

    BOJ mulls big balance sheet after CPI target

    Posted Jun 13th 2014, 05:57am by Bloomberg

    ... held 165 trillion yen (HK$12.5 trillion) of long-term government bonds as of May 31. In the US, Fed officials are preparing to keep their balance sheet close to record levels for years ...

  6. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... sounded the alarm on his blog after the Census and Statistics Department announced last week that retail sales in April dropped 9.8 per cent year-on-year to HK$38.8 billion, or 9.5 per cent ...

  7. Business - Economy - ECONOMY

    Euro endgame

    Posted Jun 09th 2014, 03:29am by DAVID BROWN

    ... and a modest €400 billion (HK$4.2 trillion) of extra liquidity are, at best, tinkering at the euro zone's monetary margins. Former United States Secretary of the Treasury Henry Paulson once ...

  8. Business - Economy - ECONOMY

    Beijing prodded to act on growth amid risk of further slowdown

    Posted Jun 02nd 2014, 03:07am by Victoria Ruan

    ... would pump about 500 billion yuan (HK$628 billion) into China's interbank system. But the credit transmission mechanism in China is broken, and funding is not directed to companies ...

  9. News - China - ECONOMY

    Parallel traders shrug off 15-day border crackdown

    Posted May 30th 2014, 03:57am by He Huifeng

    ... earn 200 yuan a night. I come over about 20 days a month. Trading part time gives me at least 4,000 yuan (HK$5,000) a month. Full time traders can earn more than 10,000 yuan [per month] ... approach them. Hong Kong resident David Wong said it was so easy to make about HK$60 carrying two cans of milk formula and a pack of cigarettes to sell at the square. "It just takes a few ...

  10. Business - Economy - ECONOMY

    HK exports on course to shrink as confidence falls

    Posted Sep 18th 2012, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com The outlook for goods shipments in the next five to 10 years is grim, trade council survey finds HK exports on course to shrink as confidence falls The value of Hong Kong's exports this year is expected to fall for the first time in three years as the confidence level of local exporters slips to a new low, according to the Hong Kong Trade ...




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