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  • August 29, 2014
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  1. News - Hong Kong - ECONOMY

    Hong Kong economy slows as stocks climb, property booms

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

    ... 2010. An index compiled by Centaline Property reflecting private residential property prices reached a peak of 125.66, an increase from last week. The index was 100 in October 1997. While ... Amy Nip amy.nip@scmp.com Stark contrast as government cuts its growth target after drop in tourist spending- yet HSI breaks 25,000 and property hits historic peak Economy slows, stocks ...

    http://www.scmp.com/news/hong-kong/article/1574301/hong-kong-lowers-annual-growth-forecast-after-worst-quarter-2012
  2. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... in the headline number likely reflects the impact of the ongoing property slowdown in many cities as property-related activity, such as agencies and residential services, see less business," said ... Reuters in Beijing Mainland services PMI from HSBC/Markit falls to near 9-year low last month, reflecting strains in key sector and keeping spotlight on stimulus Property downturn puts ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  3. News - Hong Kong - ECONOMY

    Forecasts for Hong Kong growth downbeat

    Posted Aug 19th 2014, 04:18am by Arthur Chan

    ... in global demand, followed by a decrease in spending by mainland visitors and a headwind in the property market. A possible factor is the rumoured change in the individual visit scheme under which ...

    http://www.scmp.com/news/hong-kong/article/1576268/forecasts-hong-kong-growth-downbeat
  4. 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

    ... to wind down monetary policy. This may cause the Hong Kong interest rate to rise as a result and that would hurt the property market," he said, adding the uncertain outlook meant the HKMA ...

    http://www.scmp.com/news/hong-kong/article/1572450/dont-get-burned-hot-money-flowing-hong-kong-investors-warned
  5. Business - Economy - ECONOMY

    China’s July official services PMI dips to six-month low

    Posted Aug 03rd 2014, 02:23pm by Reuters

    ... In contrast, he said weakness in the property sector persisted last month due to seasonal factors and muted demand. "The market remains subdued. Prices are still in a downtrend, and declines have ...

    http://www.scmp.com/business/economy/article/1565516/chinas-july-official-services-pmi-dips-six-month-low
  6. Business - Economy - ECONOMY

    African lions hope to emulate economies of Asian tigers

    Posted Aug 05th 2014, 03:26am by Bloomberg

    ... Ghanaian Sebastian van Leeuwen, who co-owns a property rental company and cleaning business, said. "The market is less saturated and there is less competition." ...

    http://www.scmp.com/business/economy/article/1566550/african-lions-hope-emulate-economies-asian-tigers
  7. News - Hong Kong - ECONOMY

    Restaurants serving locals keep up sales amid drop in tourist spending

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

    ... restaurants also saw fewer tourists than before, which affected their businesses as tourists could spend HK$100 more per person than locals at a dinner, Yeung said. On retail rents, a property ...

    http://www.scmp.com/news/hong-kong/article/1563780/restaurants-serving-locals-keep-sales-amid-drop-tourist-spending
  8. Business - Economy - ECONOMY

    Deutsche co-chief for Asia an unabashed bull

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

    ... cannot lend to property firms for the purpose of buying land. This has oriented them towards offshore bond markets, and these issuers in a given month typically make up half of Asia's ... China's property bond issuance was off its usual pace in the second quarter. Once again, however, Singh sees cause for optimism. This is based on the view that an upward trending global economy ...

    http://www.scmp.com/business/economy/article/1556885/deutsche-bank-investment-director-unabashed-bull-asia-pacific
  9. Business - Economy - ECONOMY

    Data gives mixed picture of China's economy

    Posted Jun 24th 2014, 05:58am by Victoria Ruan

    ... On the property market, realtors- both residential and commercial- were pummelled, with revenues squeezed by weaker pricing. However, developers reported higher starts and rising prices, the CBB survey ...

    http://www.scmp.com/business/economy/article/1539228/data-gives-mixed-picture-chinas-economy
  10. News - China - ECONOMY

    US Treasury secretary leaves talks with China pledge to reduce currency intervention

    Posted Jul 11th 2014, 04:36am by Victoria Ruan

    ... to "vigorously" prosecute cases of trade secrets theft as part of its efforts to improve intellectual property rights protection, he said. Separately, Vice-Premier Wang Yang said the two sides had ...

    http://www.scmp.com/news/china/article/1551487/us-treasury-secretary-leaves-talks-china-pledge-reduce-currency

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