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  • November 29, 2014
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  1. Business - Economy - ECONOMY

    Consumer confidence in Hong Kong rises as China economy stabilises

    Posted Nov 29th 2014, 03:46am by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com Mainlanders back and ready to spend: survey Consumer confidence in Hong Kong has bounced back from a five-month low as a stabilised mainland economy gives retailers renewed optimism, a new index shows. Researchers believe the recovery is due to the launch of the Shanghai-Hong Kong Stock Connect on November 17, which helped offset ...

  2. Business - Economy - ECONOMY

    China takes step forward in interest rate reform

    Posted Nov 25th 2014, 05:23am by Victoria Ruan

    ... mainland developer in Hong Kong by assets, rose 11 per cent to HK$22.65, while Haitong Securities jumped 11.2 per cent to HK$15.92. The market's enthusiastic response to the rate cut ...

  3. Business - Economy - ECONOMY

    China's central bank surprises markets with lending rate cut to 5.6 per cent

    Posted Nov 21st 2014, 06:58pm by DON WEINLAND

    ... the safety of state borrowers, which were implicitly guaranteed by the government, said Raymond Yeung, an economist at ANZ Bank in Hong Kong. "I don't think this rate cut will have ...

  4. News - Hong Kong - ECONOMY

    Hong Kong's third quarter GDP beats expectations; full-year target adjusted

    Posted Nov 14th 2014, 05:01pm by Amy Nip

    ... but Occupy blow seen Hong Kong's economy grew at a faster-than-expected 2.7 per cent pace in the third quarter, but uncertainty surrounding the Occupy protests prompted the government to revise ... on the mainland was a bigger factor than the Occupy protests in Hong Kong. "We expect the Occupy movement to drag down full-year economic growth by 0.4 per cent," he said. Andy Kwan Cheuk-chiu, ...

  5. News - Hong Kong - ECONOMY

    Launch of iPhone 6 sees Hong Kong retail sales rise by 4.8pc in September

    Posted Nov 03rd 2014, 07:47pm by Phila Siu

    ... sales increase by 4.8 pc The launch of the iPhone 6 pushed Hong Kong's overall retail sales in September up 4.8 per cent year on year, the biggest growth since January, although questions remain whether the momentum is sustainable. The Hong Kong Retail Management Association believed there would be either no growth or a decrease in sales for October. But an economist predicted ...

  6. News - Hong Kong - ECONOMY

    Beijing, not Occupy, threatens the rule of law, says Canadian think tank

    Posted Nov 07th 2014, 06:30am by NG KANG-CHUNG

    ... think tank says. The Fraser Institute has consistently ranked Hong Kong top in its Economic Freedom of the World index. But the city's justice chief warned earlier this year ... harm the rule of law. "Non-violent civil disobedience has been used by many people so many times to gain rights and push forward the course of freedom," McMahon said in Hong Kong ...

  7. News - China - ECONOMY

    Xi Jinping urges expansion of Shanghai FTZ across mainland

    Posted Oct 28th 2014, 04:53am by Daniel Ren

    ... The mainland's first FTZ was launched in Shanghai in September last year as an experimental ground for more drastic economic reforms amid ambitions to develop the 29 sq km zone into a mini-Hong Kong ... in Guangdong that would consolidate the province's economic ties with Hong Kong. In the same meeting, Xi also called for the development of a "new type of think tank". Intellectual ...

  8. News - Hong Kong - ECONOMY

    Companies optimistic on economy … before Occupy at least: survey

    Posted Oct 25th 2014, 03:44am by ALICE WOODHOUSE

    ... Alice Woodhouse alice.woodhouse@scmp.com Firms upbeat … before Occupy at least Hong Kong firms said in a quarterly survey they were more optimistic about their output in the fourth quarter ... disrupted business, led to reduced credit card spending and caused hotel occupancy rates to fall by 20 to 30 per cent. Travel Industry Council data showed the number of tour groups visiting Hong ...

  9. Business - Economy - ECONOMY

    China has the fiscal means to fight slowdown, says ADB president

    Posted Oct 24th 2014, 04:19am by Victoria Ruan

    ... said in Beijing yesterday, while also calling for a "sustainable solution" to protests in Hong Kong. Nakao played down any immediate threat to the city's status as a financial ... a failure to resolve the protests in Hong Kong might hurt its stability, he said: "Of course, if it incurs more confusion and trouble, it would have a negative impact on the Hong Kong economy ...

  10. News - Hong Kong - ECONOMY

    Labour woes will put brakes on growth

    Posted Oct 08th 2014, 04:52am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Economy forecast to expand at the slower annual rate of 3.3pc in the next five years as an ageing population means fewer workers Hong Kong's labour woes ... demand and increased market volatility as the US gears up for an interest rate rise. "In addition, political developments in Hong Kong have so far added uncertainty to earnings prospects ...




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