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  • August 28, 2014
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  1. 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

    ... Phila Siu phila.siu@scmp.com Poor April figures and troubling external business factors worry financial secretary Fall in retail sales could cost jobs, Tsang says Hong Kong's unemployment rate of 3.1 per cent may go up if retail sales continue to shrink and the external business environment does not improve, Financial Secretary John Tsang Chun-wah warned yesterday. He ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  2. News - Hong Kong - ECONOMY

    Don't get burnt on hot money flowing into Hong Kong, investors warned

    Posted Aug 12th 2014, 11:51pm by Enoch Yiu

    ... in and out of the city," Secretary for Financial Services and the Treasury Chan Ka-keung said yesterday. The Hong Kong Monetary Authority has repeatedly intervened in the currency market since ... could not relax mortgage tightening measures. Chris Cheung Wah-fung, legislator for financial services, said: "Clearly there is hot money flowing in to bet on the stock market ahead ...

    http://www.scmp.com/news/hong-kong/article/1572450/dont-get-burned-hot-money-flowing-hong-kong-investors-warned
  3. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... that economic uncertainty has made companies more reluctant to spend, a sub-index measuring new business growth hit a 68-month low of 50.3 in July. Stock markets in Hong Kong and Shanghai turned negative after the survey was released, while most other Asian markets extended modest early losses. The unexpected weakness in services comes after two separate PMI surveys last week showed ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  4. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... economies such as Hong Kong. According to ANZ, such movement is unlikely to have an immediate impact on the city's financial markets, but might hurt its economic competitiveness. They believe ... in global demand, followed by a decrease in spending by mainland visitors and a headwind in the property market. A possible factor is the rumoured change in the individual visit scheme under which ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  5. News - Hong Kong - ECONOMY

    Hong Kong to lower annual economic growth forecast on Friday, says John Tsang

    Posted Aug 11th 2014, 02:22pm by Lai Ying-kit

    ... Tsang wrote on Sunday that Hong Kong is at a crossroads in its constitutional development, the outcome of which would have a significant impact on the economy and financial markets. The Census ... Lai Ying-kit yingkit.lai@scmp.com Considerable year-on-year fall in retail sales and sluggish private consumption led to disappointing second quarter Financial Secretary John Tsang ...

    http://www.scmp.com/news/hong-kong/article/1571292/hong-kong-will-lower-annual-economic-growth-forecast-friday-says-john
  6. News - China - ECONOMY

    Cut taxes to boost the economy, urges China's second richest man Zong Qinghou

    Posted Aug 25th 2014, 03:35pm by Kathy Gao

    ... calls for tax cuts The mainland's second-richest man, Zong Qinghou, has urged the government to cut taxes and spending to boost economic growth, according to a financial news site. ... financial news site quoted Zong telling a group of economists and entrepreneurs at the Yabuli China Entrepreneurs Summer Summit in Zhengzhou, Henan province, on Saturday. He suggested ...

    http://www.scmp.com/news/china/article/1580537/chinas-second-richest-man-zong-qinghou-tells-government-tax-cuts-will
  7. News - Hong Kong - ECONOMY

    John Tsang Chun-wah warns of 'perfect storm' from protests

    Posted Aug 11th 2014, 06:10am by NG KANG-CHUNG

    ... on the economy and the financial markets. "I hope those who are planning to fight for universal suffrage by means of confrontation think twice... Neither resistance nor confrontation is conducive ... Ng Kang-chung kc.ng@scmp.com Finance chief warns of a protest 'perfect storm' Financial Secretary John Tsang Chun-wah has urged the pan-democrats to think twice before resorting ...

    http://www.scmp.com/news/hong-kong/article/1570817/john-tsang-chun-wah-warns-perfect-storm-protests
  8. News - Hong Kong - ECONOMY

    Hong Kong Monetary Authority chief Norman Chan adds to gloom on economy

    Posted Aug 11th 2014, 11:28pm by Patsy Moy

    ... chief Norman Chan Tak-lam warned that the city's financial system could come under pressure when the United States raises its interest rates- a day after Financial Secretary John Tsang ... poll], the political uncertainties will be dispelled and the market will be back to normal," Chong said. "Even if the organisers of Occupy Central are unhappy with Beijing's ...

    http://www.scmp.com/news/hong-kong/article/1571643/hong-kong-monetary-authority-chief-norman-chan-adds-gloom-economy
  9. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

    Posted Aug 04th 2014, 03:31pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Financial reforms across the border will create opportunities for HK, Norman Chan says HKMA debunks doom view of mainland's rise The rise of mainland ... "risk" cited by critics, said Chan, is that Hong Kong is on "borrowed time" in its role as an international financial centre as the mainland is yet to open up its capital account, ...

    http://www.scmp.com/business/banking-finance/article/1566192/central-banker-sees-no-mainland-threat-hk
  10. News - China - ECONOMY

    Top Communist Party official's inclusion on task force reflects China's economic concerns

    Posted Aug 21st 2014, 05:02am by Cary Huang

    ... the party nerve centre, has been made a member of the Central Leading Group on Financial and Economic Affairs. On Monday, Xi chaired the group's meeting. Also in attendance were deputy group ... Liu's inclusion was significant. "Indeed, the inclusion shows the importance of economic and financial affairs in the overall policymaking of the new leadership," he said. "It may ...

    http://www.scmp.com/news/china/article/1577934/top-communist-party-officials-inclusion-task-force-reflects-chinas

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