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  1. News - Hong Kong - ECONOMY

    Hong Kong retail sales slump by 3.1pc in July as consumers scrimp on luxury

    Posted Aug 28th 2014, 05:54pm by Amy Nip

    ... The association maintains an optimistic forecast of 3 per cent sales growth for the full year. The Federation of Hong Kong Hotel Owners also noted the political factor, saying bookings this month had been ... visitors seek out. A government spokesman noted that the decrease was smaller, and said the retail environment might look more stable as the effects of a spending boom last year on the comparisons ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  2. Business - Economy - ECONOMY

    Hong Kong in lukewarm response to European Central Bank rate cut

    Posted Sep 06th 2014, 05:37am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com ECB's rate cut draws lukewarm response Hong Kong investors reacted nonchalantly yesterday to the European Central Bank's decision ... to a 13-month low against the Hong Kong dollar and looks likely to stay there given expectations for a US rate increase early next year. A cheaper currency will be popular with exporters to China ...

    http://www.scmp.com/business/economy/article/1586263/hong-kong-lukewarm-response-european-central-bank-rate-cut
  3. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

    Posted Aug 15th 2014, 06:20pm by Amy Nip

    ... climb, property booms The Hong Kong government cut its growth target for the year yesterday after a disappointing second-quarter performance as stock and property market indicators reached new ... the "through train" plan to allow mainland people to trade directly in Hong Kong stocks starting in October has fuelled the market, the government has reminded investors of potential abrupt ...

    http://www.scmp.com/news/hong-kong/article/1574301/hong-kong-lowers-annual-growth-forecast-after-worst-quarter-2012
  4. Business - Economy - ECONOMY

    ADB sees China meeting 2014 GDP target but cuts view on Hong Kong

    Posted Sep 25th 2014, 03:06pm by Victoria Ruan

    ... HK growth rate downgraded as retail weakens The Asian Development Bank slashed the growth forecast for Hong Kong to 2.5 per cent this year from a previous forecast of 3.5 per cent, but expects the mainland will be able to meet this year's growth target, citing the government's ample policy tools. "Hong Kong's retail and tourism is a bit weaker than last year, ...

    http://www.scmp.com/business/economy/article/1600180/adb-sees-china-meeting-2014-gdp-target-cuts-view-hk
  5. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

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

    ... Analysts are taking a less-optimistic view of Hong Kong's economic prospects in the second half of this year after the government lowered its forecasts. A disappointing second quarter, from ... said this range was too wide. "[Second-half] economic growth in Hong Kong will at most be 2 per cent, and the annual growth rate will be much lower than 3 per cent," he said. ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  6. 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

    ... that the number of mainland visitors needed to be cut by at least half. "There is an obvious problem and the financial chief is in denial. He is playing ostrich," Mo, of concern group Hong Kong ... is slightly exaggerated and inconsistent with the facts." He said arguing that the city was too reliant on the mainland economy "ignored the historical trajectory of Hong Kong ...

    http://www.scmp.com/news/hong-kong/article/1533469/mainland-chinese-visitor-claim-exaggerated-says-john-tsang
  7. Business - Economy - ECONOMY

    China trade surplus hits new high, but exports to Hong Kong fall

    Posted Sep 08th 2014, 11:22am by Jeanny Yu

    ... but exports to Hong Kong fell unexpectedly. The nation's exports to the city fell 2.1 per cent from a year earlier, compared with 13.3 per cent growth in July. In comparison, shipments to most ... from a year earlier, due to weak domestic orders. The trade surplus hit US$49.8 billion. Economists were divided on the reasons behind the unexpected decline in exports to Hong Kong, which has ...

    http://www.scmp.com/business/economy/article/1587708/chinas-august-exports-grow-94pc-imports-drop-24pc-slowdown
  8. Business - Economy - ECONOMY

    Guangdong eyes SOE reform

    Posted Sep 29th 2014, 03:58am by Enoch Yiu, Sophie Yu

    ... economically," he said, referring to the reform architect's focus on narrowing the development gap with Singapore, Taiwan, Hong Kong and South Korea. In addition to Guangdong's target for 70 ... Ho, managing partner of AID Partners Capital, a Hong Kong-based private equity fund, thinks Guangdong will struggle to meet the 2017 deadline for the first phase of the reforms. "Even ...

    http://www.scmp.com/business/economy/article/1603492/guangdong-eyes-soe-reform
  9. News - Hong Kong - ECONOMY

    Beijing to consult Hong Kong on its 13th five-year plan

    Posted Aug 20th 2014, 04:14am by Denise Tsang

    ... Denise Tsang denise.tsang@scmp.com Beijing to consult Hong Kong on 13th five-year plan Beijing wants to start studying "as soon as possible" how Hong Kong can fit into the nation's economic development plan in the five years to 2020. The nation's planning agency, the National Development and Reform Commission, would meet the Hong Kong government on cross-border ...

    http://www.scmp.com/news/hong-kong/article/1577268/beijing-consult-hong-kong-its-13th-five-year-plan
  10. 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

    ... warning to Hong Kong investors The government has increased its monitoring of capital flows as finance officials and brokers warn that billions in "hot money" flowing into the city ... 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 ...

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

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