Economy of Hong Kong

Hong Kong consumer prices rise 4.1pc in 2012

City Super supermarket in Harbour City, Tsim Sha Tsui. Photo: Thomas Yau

Consumer prices in Hong Kong rose by 4.1 per cent last year over the previous year, the Census and Statistics Department said on Monday.

Monday, 21 January, 2013, 6:08pm

Free market no panacea for Hong Kong's ills

Chief Executive Leung Chun-ying has dismissed the governing concept of "positive non-interventionism" as obscure and contradictory. Photo: K.Y. Cheng

Hong Kong has for many years been singled out by conservative think tanks as the freest economy. It will be interesting to see what is made of the interventionist rhetoric of Chief Executive Leung Chun-ying in outlining his governing philosophy in a keynote speech to lawmakers. It does not take much to upset them.

25 Oct 2012 - 2:42am

Anita Fung: The HSBC chief executive who broke through the glass ceiling


When Anita Fung Yuen-mei became HSBC's first female CEO for Hong Kong in September last year, she inherited a hot seat.

The lender had just announced 3,000 job cuts in Hong Kong and the pressure was on to ramp-up the bank's presence in China.

9 Oct 2013 - 10:25am 1 comment

Alexa Lam: 'If you sense there is discrimination, just ride over it', says stock market guardian

Alexa Lam: 'If you sense there is discrimination, just ride over it', says stock market guardian

Alexa Lam knows better than most that life is a series of highs and lows. For 14 years, she has navigated through the volatility and crises of Hong Kong's rollercoaster stock market, attempting to protect the city's investors.

9 Oct 2012 - 3:39pm

Hong Kong mints new batch of HK$5 coins for first time in 14 years

The Hong Kong government has quietly begun issuing new HK$5 coins, for the first time in 14 years.

A newly minted HK$2 coin also will be put into circulation from December, according to the Hong Kong Monetary Authority.

2 Oct 2012 - 12:42pm

High stakes

High stakes

Hong Kong ranks first in Asia as a financial centre, but its private bankers are fighting for supremacy against rival Singapore, writes Kevin McQueen.

18 Sep 2012 - 4:32pm

Why Albert Yeung Sau-shing carries $50,000 in cash at all times

Albert Yeung flashes HK$40,000 straight from his wallet, proving that he always carries cash on him. Photo: SCMP

Entertainment mogul Albert Yeung Sau-shing, one of Hong Kong's richest businesspeople and the man behind the city's top singers, has admitted he feels inferior if he carries less than HK$50,000 in his wallet.

5 Sep 2012 - 2:29am

Directors dip into cement buys as share prices fall

Robert Halili

Company directors bought fewer shares and sold more stock in their own firms between August 20 and August 24, based on filings made to the stock exchange.

A total of 17 companies reported 78 insider purchases by directors worth HK$37.1 million versus five companies that reported 17 disposals worth HK$14.9 million.

27 Aug 2012 - 5:14am

Henderson Land interim profit goes down 12pc

Henderson Land

Henderson Land Development posted a decline of 12 per cent in its unaudited net profit to HK$7.73 billion for the six months to June 30 compared with the first half of last year, as contributions from property developments fell.

23 Aug 2012 - 2:13am

Rivals move in on Standard Chartered staff

With Standard Chartered running into trouble over its dealings with Iran, potential poachers are circling the bank's Asia-based staff aiming to pick up talent.

22 Aug 2012 - 4:21am

China Vanke seeks to study property abroad before making plunge

China Vanke, the mainland's biggest listed property developer, will study overseas markets for at least two to three years before making a major investment abroad, company president Yu Liang says.

22 Aug 2012 - 4:21am

Authority wants workers to merge MPF accounts onto one

Employees with multiple Mandatory Provident Fund accounts are encouraged to merge them, so it will be easier to run a new scheme allowing clients to transfer money to trustees of their choice.

16 Aug 2012 - 3:52am

Chalco tipped to drop SouthGobi takeover

SouthGobi Resources said yesterday that it expected state-controlled Chalco to drop its US$926 million takeover offer for the Mongolia-focused coal miner in the face of Mongolian opposition.

15 Aug 2012 - 1:33am

Mark Six

One ticket won the first prize of HK$12,432,540 in last night's draw. The winning numbers were 5, 11, 12, 31, 41 and 42 and the extra number 16. The second prize of HK$328,330 was won by 4.5 tickets. Third prize paid HK$67,930.

15 Aug 2012 - 11:30pm

Then & now: all that glisters …

A black marketeer sells silver dollars in Nanking, modern-day Nanjing, in April 1949. Photo: Corbis

Silver played a vital role in the transfer of wealth from migrant to impoverished ancestral village, writes Jason Wordie.


31 Aug 2012 - 11:44pm