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  • October 22, 2014
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  1. 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
  2. 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
  3. 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
  4. 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
  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

    ... 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 economic development over the past half-century". Tsang wrote: "Hong Kong's economy and the country's development has always been closely linked," adding ...

    http://www.scmp.com/news/hong-kong/article/1533469/mainland-chinese-visitor-claim-exaggerated-says-john-tsang
  6. 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
  7. 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
  8. 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
  9. News - Hong Kong - ECONOMY

    Hong Kong’s economic growth in first quarter slowest since 2012

    Posted May 16th 2014, 06:35pm by Amy Nip

    ... for the first time this year since 2008. Chan said that up until last month, arrivals were still seeing double-digit growth. "I hope there won't be a major slowdown in tourism," she said. ...

    http://www.scmp.com/news/hong-kong/article/1513575/hong-kongs-economic-growth-first-quarter-slowest-2012
  10. Business - Economy - ECONOMY

    South Africa enlists Bank of China to help pull in Chinese investment

    Posted Oct 21st 2014, 05:08am by Toh Han Shih

    ... to ensure diversification beyond commodities," said Sanni. South Africa hopes to see significant co-investment in the African state's infrastructure by Hong Kong and Chinese companies, and the South African government is talking to Hong Kong and Chinese companies on this matter, said Soldaat. In previous years, the South African government's investment in infrastructure had been ...

    http://www.scmp.com/business/economy/article/1620913/south-africa-enlists-bank-china-help-pull-chinese-investment

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