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  • July 31, 2014
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  1. News - Hong Kong - ECONOMY

    Logistics firms eye artificial island at HK-Zhuhai-Macau bridge

    Posted Jul 15th 2014, 04:29am by FANNY FUNG

    ... for storage facilities, this can be of big contribution." The government has earmarked sites across the city for logistics and industrial use, but the industry wants several hectares more on the island to fulfil expected demand. Research into industry views on the future development of the island showed the city's logistics industry needed an estimated 70 hectares to grow ...

    http://www.scmp.com/news/hong-kong/article/1554240/logistics-firms-eye-artificial-island-hk-zhuhai-macau-bridge
  2. Business - Economy - ECONOMY

    Shanghai cuts negative list to woo foreign investment

    Posted Jul 02nd 2014, 01:45am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Overseas firms will gain access to more sectors but free-trade zone's limited geographic size poses obstacle in sparking investment spree Shanghai cuts negative list to woo foreigners Shanghai has widened access to sectors such as oil refining and tea processing for foreign investors registered in its free-trade zone as the city ...

    http://www.scmp.com/business/economy/article/1544518/shanghai-cuts-negative-list-woo-foreign-investment
  3. News - China - ECONOMY

    Guangdong still in frame for free-trade zone, deputy commerce minister says

    Posted Jul 01st 2014, 03:45am by Kwong Man-ki

    ... is the only mainland city so far to have received the green light to develop a free-trade zone. Gao said the free-trade zone in Shanghai was a testing ground for innovative policies, ...

    http://www.scmp.com/news/china/article/1543937/guangdong-still-frame-free-trade-zone-deputy-commerce-minister-says
  4. News - Hong Kong - ECONOMY

    Political tensions could undermine Hong Kong as China's top financial centre: Joseph Yam

    Posted Jun 23rd 2014, 11:36pm by Cannix Yau and Enoch Yiu

    ... 'could undermine city' Hong Kong's former central banker Joseph Yam Chi-kwong has warned that the city could lose its status as China's top financial centre if political ... billion people, and the rest of the world be conducted using the currency of merely seven million people," he writes. Yam notes that the city's leaders face the imminent task ...

    http://www.scmp.com/news/hong-kong/article/1539240/political-tensions-could-undermine-hong-kong-top-financial-centre
  5. 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

    ... writing on his blog yesterday, said although tourism contributed significantly to the economy- some HK$80 billion, or 3.9 per cent of gross domestic product annually- the city was far from ... 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's ...

    http://www.scmp.com/news/hong-kong/article/1533469/mainland-chinese-visitor-claim-exaggerated-says-john-tsang
  6. News - Hong Kong - ECONOMY

    Impact from cutting number of mainland tourists ‘only short term’, says think tank

    Posted Jun 12th 2014, 07:18pm by Johnny Tam

    ... in solo tourists 'limited' Cutting the number of solo travellers to Hong Kong will hinder the city's economic growth but only in the short term, according to a think tank's ... per cent, the city's real gross domestic product "will immediately drop drastically" in the worst-case scenario. However, the economist said the impact would be reduced over ...

    http://www.scmp.com/news/hong-kong/article/1530931/economic-impact-reducing-mainland-tourist-numbers-hong-kong-only
  7. News - Hong Kong - ECONOMY

    Jobless rate could rise if retail sales keep declining, financial secretary warns

    Posted Jun 09th 2014, 03:03am by Phila Siu

    ... to the anti-government protests in Thailand and the anti-China protests in Vietnam as factors in the declining economy. On anti-mainland tourist sentiments, Tsang told Hongkongers not to harm the city ... by 2020, putting an ever-greater strain on the city. Meanwhile, Caroline Mak Sui-king, chairwoman of the Hong Kong Retail Management Association, warned yesterday of lukewarm growth in retail sales ...

    http://www.scmp.com/news/hong-kong/article/1528229/jobless-rate-could-rise-if-retail-sales-keep-declining-financial
  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

    ... according to a quarterly index compiled by Colliers. "It is still hard to see smaller shops such as wonton noodle stores or bakeries coming back," she said. "If the city wants to see ... 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 ...

    http://www.scmp.com/news/hong-kong/article/1525540/slump-luxury-sales-offers-little-hope-rents-will-become-affordable
  9. Business - Economy - ECONOMY

    Beijing prodded to act on growth amid risk of further slowdown

    Posted Jun 02nd 2014, 03:07am by Victoria Ruan

    ... 10 relatively wealthy cities and provinces to directly issue bonds, in the hope of establishing a sustainable funding mechanism for authorities to finance local projects. The National ...

    http://www.scmp.com/business/economy/article/1523465/beijing-prodded-act-growth-amid-risk-further-slowdown
  10. News - Hong Kong - ECONOMY

    Li Ka-shing’s rumoured plan to reduce investments ‘could damage Hong Kong’

    Posted May 09th 2014, 11:41pm by Sandy Li and Peggy Sito

    ... Sandy Li and Peggy Sito Report by central government think tank warns tycoon's reputed plan to reduce his investments in city could hit its economic competitiveness Li Ka-shing rumours 'may hurt Hong Kong' Li Ka-shing's apparent move to reduce his investments in Hong Kong could damage the city's economic competitiveness, says a study by a central ...

    http://www.scmp.com/news/hong-kong/article/1508724/li-ka-shings-rumoured-plan-reduce-investments-hong-kong-could-hurt

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