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  • November 29, 2014
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  1. 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, ...

    http://www.scmp.com/news/hong-kong/article/1639814/hong-kongs-gdp-grew-more-expected-third-quarter
  2. 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 ...

    http://www.scmp.com/news/hong-kong/article/1631278/retail-sales-well-year-year-september-thanks-iphone-6-launch
  3. Property - International - ECONOMY

    Hong Kong investors to turn Cadbury's Birmingham HQ into flats

    Posted Oct 11th 2014, 03:18am by JING YANG

    ... brand of chocolates, among others, was said to have been invented. Now a consortium of Hong Kong and Macau investors is investing £16m (HK$199 million) to turn into an apartment complex. Hong Kong-based Headland Developments and Birmingham-based Court Collaboration have formed a joint venture representing the investors to convert the 74,000 sq ft Franklin House in Birmingham into 96 one- ...

    http://www.scmp.com/property/international/article/1614086/hong-kong-investors-turn-cadburys-birmingham-hq-flats
  4. News - Hong Kong - ECONOMY

    Hong Kong's GDP growth outlook revised down to 2.2pc

    Posted Oct 09th 2014, 04:02am by ELIZABETH CHEUNG

    ... of Hong Kong has downgraded its GDP growth forecast for the city from 3.4 per cent to 2.2 per cent for the year. It comes as consumer confidence continues to fall, with the latest index showing Hong Kong still lagging behind the mainland, Macau and Taiwan. In a report released yesterday, HKU researchers said the economy was expected to grow at a more modest rate due to the low ...

    http://www.scmp.com/news/hong-kong/article/1612304/hong-kongs-gdp-growth-outlook-revised-down-22pc
  5. Business - Economy - ECONOMY

    Hong Kong urged to bolster trade and logistics sector

    Posted Oct 03rd 2014, 10:56am by JING YANG

    ... trade and logistics industries Hong Kong has been urged to shore up the city's trade and logistics sector, with industry figures taking aim at issues including a lack of land ... cannot be properly channelled under the current [THB] structure with the largely Hong Kong livelihood-centric focus [in public housing and mass transportation]," the committee said ...

    http://www.scmp.com/business/economy/article/1608745/hong-kong-urged-bolster-trade-and-logistics-sector
  6. 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
  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

    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
  9. 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
  10. 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

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