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  • August 28, 2014
  • Last updated: 8:53am
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  1. 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 ... of mainland travellers, mostly from Shenzhen, who use multiple-entry permits to make day trips to buy necessities and low-value goods. Some are so-called parallel-goods traders who buy items ...

  2. News - Hong Kong - ECONOMY

    Slide in Hong Kong’s retail sales continues in June with 6.9pc drop

    Posted Jul 31st 2014, 11:36pm by Amy Nip

    ... declined in June for the fifth month in a row, dragged down by a continued plunge in demand for luxury goods. An economist said he expected the woes in the sector to continue amid President Xi ... dropped 3.6 per cent from a year ago. Retail sales experienced their worst month in April when sales of luxury goods dropped almost 40 per cent year on year, a fall attritubet to sluggish spending ...

  3. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

    Posted Aug 15th 2014, 06:20pm by Amy Nip

    ... Their waning interest, adding to an exceptional high base of comparison last year due to a gold rush, caused sales of luxury goods in the second quarter to fall by a third year-on-year. The economy ...

  4. 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

    ... Retail sales fell considerably year-on-year, thanks in part to a drop in tourist spending particularly on luxury items such as jewellery and watches. Private consumption increased only slightly, ...

  5. 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

    ... also warned investors. "The macroeconomic outlook in Hong Kong is not looking good. The recent stock market rally may not last long. Local investors should not blindly follow the hot money ...

  6. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

    Posted Aug 01st 2014, 04:03am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Locals keep restaurants on the boil as tourism cools Restaurants have fared better than high-end retailers amid a reported decline in tourists' spending, an insider in the food and beverage business says. Strong local demand boosted the restaurant sector, saving it from the slide in sales experienced by luxury retail brands amid President Xi ...

  7. Business - Economy - ECONOMY

    Yuan convertibility on back burner as Beijing focuses on other reforms

    Posted Aug 07th 2014, 11:58am by Reuters

    ... prematurely] were hit by speculators." While the yuan is already convertible under the mainland's current account- the broadest measure of trade in goods and services- the capital account, ...

  8. Business - Economy - ECONOMY

    Central banker sees no mainland threat to HK

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

    ... eight times from 2000. Over the same period, re-exports from Hong Kong rose 1.5 times to US$450 billion. Offshore trade grew even faster, Chan pointed out, with the value of goods handled ...

  9. News - Hong Kong - ECONOMY

    We're not cutting expenses, says finance chief John Tsang

    Posted Aug 04th 2014, 04:54am by Tony Cheung

    ... wrote. "The economic growth this year isn't as good as we expected, while the spending on new services launched in the past two years will be fully reflected in our budget starting from ...

  10. Business - Economy - ECONOMY

    Deutsche co-chief for Asia an unabashed bull

    Posted Jul 21st 2014, 03:18am by Jasper Moiseiwitsch and Ray Chan

    ... China's economy and its capital markets. "The world economy will continue to recover and recover strongly. China should be in a good position to leverage on this recovery in export ... should be in a good position to leverage on this recovery Bhupinder Singh His views for China's debt markets are similarly upbeat. Singh projects that Asian investment-grade issuance ...




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