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  • November 23, 2014
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  1. 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 ... liberalisations and strong incentives to boost business activities. Beijing had promised to make the yuan fully convertible in the zone and give market forces full play in an effort to emulate Hong ...

  2. 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

    ... aided by the premier and vice-premiers. No party official has previously been seen in the task force. Jianguan Shen, chief economist of Mizuho Securities Asia Limited in Hong Kong, said ... Cary Huang cary.huang@scmp.com Top party official's new appointment suggests Xi is prioritising reform and development Liu's inclusion on task force reflects economic concerns ...

  3. 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 ...

  4. 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 ...

  5. Property - International - ECONOMY

    Growing clout of global cities offers property opportunities

    Posted Oct 07th 2014, 04:36pm by DAVID JI

    ... of the world, including London, New York, Tokyo, Singapore and Hong Kong. With an expected 1.1 billion new city dwellers in the world over the next 15 years, the global cities- as indentified in Knight Frank's latest report- are the driving force behind their host economies in attracting capital and talent. This gravitational pull will change the face of office markets in these cities, making ...

  6. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

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

    ... forcing international firms to use Hong Kong as a stepping stone to enter the mainland market. "Indeed, on the trade front, there were many people who could only see a doomed future for Hong ... cities and Beijing's opening up of the capital account does not spell doom for Hong Kong, says Norman Chan Tak-lam, chief executive of the city's de facto central bank. "The closer ...

  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

    ... storm", was posted on his official blog yesterday. It comes amid sharp divisions between those who support resorting to protests to try to force Beijing to give Hong Kong full democracy, and those ... to extreme acts in their fight for universal suffrage, warning that political uncertainty could increase the risk of an economic crisis. Tsang also said Hong Kong's economic outlook ...

  8. News - Hong Kong - ECONOMY

    Slump in luxury sales offers little hope rents will become affordable for small shop owners

    Posted Jun 04th 2014, 11:16pm by DENISE TANG

    ... Denise Tsang and Amy Nip Hawker hoping against hope falling rents will see her back in business Luxury slump little joy for little folk The slump in Hong Kong's luxury retail sector ... for mainlanders in 2003 was coming to an end. Last year, 40 million mainland visitors came to Hong Kong, generating about a third of the city's retail sales. Their number has been forecast to hit 100 ...

  9. News - Hong Kong - ECONOMY

    Hong Kong restaurateurs at breaking point amid labour 'intervention'

    Posted Jul 03rd 2013, 12:00am by Phila Siu

    ... for the city's business environment. "In some third-world countries, some people, including young people, are forced to work 18 hours a day. A standard working hours law is needed in those cases, but not in Hong Kong," Wong said. "And when France legislated standard working hours, it was because the unemployment rate was so high that the government wanted to split one job for two ...

  10. News - China - ECONOMY

    Hong Kong faces new competition as Shanghai plans free trade zone

    Posted Jan 28th 2013, 12:00am by Alice Yan, Enoch Yiu

    ... to complete. The mayor's report did not give further details on the zone, which analysts said could become a competitor to Hong Kong if it were big enough and competitive tax polices were approved ... Alice Yan and Enoch Yiu As acting mayor announces expansion of city's bonded areas, analysts say Hong Kong could face serious competition as top trading hub SHANGHAI FREE-TRADE ZONE ...




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