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  1. Britain's impressive trade figures show it is anything but isolationist

    Posted Jul 28th 2012, 12:00am

    ... This week, Britain has welcomed athletes and heads of state from around the world for the Olympic Games. It is also celebrating the first British win in the Tour de France. And we have just learned that for the first time since the 1970s, the country' ...

  2. Hong Kong still needs its dollar peg

    Posted Jul 23rd 2005, 12:00am by Staff Reporter

    ... Hong Kong has had a charmed ringside seat as speculation about a revaluation of the Chinese yuan waxed and waned. Now that Beijing has made its historic decision to revalue and the fallout is set to work its way through our economy, there will be winners and losers. Over the past year the expectation of a revaluation of the yuan has added momentum to Hong Kong's economic ...

  3. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... added pain for Hong Kong For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down. Part of the performance boost over recent years was provided by the rapid growth of China, which yielded a bonanza for the city's financial, trade services and retail sectors. But Hong Kong also got a propellant charge ...

  4. Business - Economy - CURRENCIES

    Pegging Hong Kong dollar against yuan 'could take years'

    Posted Apr 30th 2013, 12:00am by KANIS LI

    ... not come for years' The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg". However, Greenwood said, the yuan must be fully convertible and widely used before that day comes, which could take "many years". The chief economist ...

  5. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... Peg is wiping out productivity gains of diligent middle class The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands. The peg increases inflation, due to our inability to adjust the upward strength of the Hong Kong dollar. Whatever labour productivity gains ...

  6. Red Cross hit by another claim of funds misuse

    Posted Oct 21st 2011, 12:00am

    ... Raymond Li raymond.li@scmp.com The scandal-plagued Red Cross Society of China, the mainland's biggest charitable organisation, is embroiled in yet another controversy, accused of holding up the bulk of funds earmarked for Chinese forced to work in Japanese internment camps during the second world war. In 2000, after a five-year battle, 11 of the forced labourers agreed ...

  7. Business - Comment - MONITOR TOM HOLLAND

    Blame greed, not the yuan, for Hong Kong's food price rises

    Posted Nov 07th 2012, 12:00am by Tom Holland

    ... for Hong Kong's food price rises "Stronger yuan to bring Hong Kong higher food prices", warned a headline in last Saturday's South China Morning Post. The article that followed quoted a clutch of importers and retailers, all saying much the same thing. With the Chinese currency testing its strongest levels against the Hong Kong dollar since 1993, they all warned ...

  8. Business - Money - TALKING POINTS

    Hong Kong takes dollar down a peg

    Posted Nov 05th 2012, 12:00am by Carl Berrisford

    ... in September, and then the Hong Kong dollar did exactly what it has done the two previous rounds of QE: trade at the bottom of its band against the US dollar at HK$7.75. So far it's unclear whether this is due to money coming from offshore, or because funds holding foreign currency in Hong Kong have decided to buy investments such as stocks and property. In any case, lots of people are buying ...

  9. Mainland buyers change targets

    Posted Jan 13th 2010, 12:00am by Peggy Sito

    ... Peggy Sito The focus of China's property buyers has shifted in recent months from Hong Kong's luxury housing market to mass-housing units selling for range of between HK$2 ... and working in Hong Kong were persuaded to buy instead of renting. 'They are not in the millionaire class that can afford to pay HK$20,000 per square foot for an investment. But they are real ...

  10. Business - Money

    Stronger yuan to bring Hong Kong higher food prices

    Posted Nov 03rd 2012, 12:00am by Celine Sun, Charlotte So, Lulu Chen, Denise Tsang

    ... for rising food and petrol prices, and the number of mainland tourists, as the effects of the yuan hitting a 19-year high spills over into Hong Kong. Inflationary risks are ballooning in the city, ... as a euphemism for printing money. Amid signs that mainland China's economy is regaining momentum, QE3 has given US banks the cash to spend in Hong Kong, with its access to yuan-denominated ...




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