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  • September 22, 2014
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  1. 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
  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 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 ...

    http://www.scmp.com/news/hong-kong/article/1581472/hong-kong-retail-sales-slump-31pc-july-consumers-scrimp-luxury
  4. 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
  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 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
  7. 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
  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

    ... Patsy Moy patsy.moy@scmp.com Norman Chan says higher rates in US may spur capital flight in region and hurt city HKMA chief adds to gloom on economy Hong Kong's de facto central bank ... Chun-wah said the city's economy may face a "perfect storm". Their comments came as some economists warned that the outbreak of Ebola had added extra uncertainty to Hong Kong ...

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

    ... Chun-wah says the government will this week lower its forecast for Hong Kong’s economic growth this year, after a disappointing second quarter that saw growth slow and unemployment rise slightly. ... 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 ...

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

    Would you like a rise with that? How Hong Kong fares on the Big Mac Index

    Posted Aug 05th 2014, 10:50pm by PHILA

    ... Phila Siu phila.siu@scmp.com As a new minimum wage recommendation nears, an alternative Big Mac Index shows just how Hong Kong workers fare on the world stage Would you like a rise ... minimum wages- compiled by the Organisation for Economic Cooperation and Development, a Paris-based international forum- Hong Kong ranks 11th in terms of the number of Big Macs a worker can afford ...

    http://www.scmp.com/news/hong-kong/article/1567209/would-you-rise-how-hong-kong-fares-big-mac-index

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