Fixed Exchange Rate

Hong Kong not gaining from peg

Peg is wiping out productivity gains of diligent middle class. Photo: Bloomberg

The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands.

Monday, 6 May, 2013, 2:55am

Letters to the Editor, March 10, 2013

Tin Shui Wai library should be open longer. Photo: May Tse

The global investing public is increasingly paying attention to the corporate social responsibilities of listed enterprises. Profitability aside, corporate performance in environmental protection, social contribution and human capital development are being factored into people's investment decisions.

10 Mar 2013 - 2:52am 1 comment

Yes, the HK$ peg is to blame, but the alternatives are worse

Yes, the HK$ peg is to blame, but the alternatives are worse

Property prices are an eternal obsession with Hong Kong's inhabitants.

Even so, Monday's Monitor column examining some of the reasons why we can expect the home prices to continue setting new records broke new ground.

18 Oct 2012 - 4:47am 8 comments

China Resources stays optimistic despite uncertainties as net profit rises 2.2%

China Resources Land expects to see a stable business performance in the second half of this year after reporting a modest 2.2 per cent increase in net profit to HK$3.69 billion for the six months to June 30.

The Hong Kong-listed developer of mainland properties said consolidated turnover rose 2.9 per cent to HK$7.92 billion.

18 Aug 2012 - 3:10am

China Overseas lifts sales mark

China Overseas Land and Investment has lifted its full-year property sales target by a quarter to HK$100 billion, despite believing that the industry's tough times are not yet behind it.

29 Aug 2012 - 2:43pm

NVC Lighting hit by strike threat

Suppliers have reportedly stopped dealing with Hong Kong-listed NVC Lighting amid growing tensions between the board and management.

The company's management told an analyst, who declined to be named, that although some suppliers have stopped supplying NVC, the lighting manufacturer can source components from other suppliers.

14 Aug 2012 - 10:50am

Buys down for a third week as bosses hold on to shares

Buys down for a third week as bosses hold on to shares

The buying fell for a third straight week while selling among directors was flat, based on filings to the exchange from August 6 to 10.

12 Jun 2013 - 10:27am

Tables turning at Macau casinos

Gaming revenue in Macau edged up 1.5 per cent in July, beating some predictions of a downturn on a year-on-year basis. But the growth is still the slowest since the global financial crisis in 2008-09.

15 Aug 2012 - 10:51pm


15 Shining examples

Sparkles 2012 is the largest student variety show in Hong Kong. The top 12 semi-finalists will compete in the grand final next month. Guest starring Andy Chow Kwok-Yin, Sugar Club and Supper Moment.

When: August 15, 6pm Where: Starhall Emax Tickets: HK$180-HK$220 from HK Ticketing

8 Top of the pops

29 Jul 2012 - 12:00am

Cosmetics firms help give ad spending a healthy glow in first half

Advertising spending in Hong Kong climbed to a new high in the first half of this year, driven by major campaigns in the cosmetics, pharmaceuticals, entertainment and consumer electronics markets.

27 Jul 2012 - 12:00am

Rising prices, aspirations push up cost of building

Rises in salaries and material costs, and pricey luxury fit-outs, have driven the costs of new residential projects higher in recent years, says Hong Kong surveying firm Davis Langdon & Seah.

25 Jul 2012 - 12:00am

Power Assets expects lower fuel charges

Power Assets, a unit of tycoon Li Ka-shing's flagship Cheung Kong, (Holdings), says a recent fall in coal prices will help relieve customers' burdens, after it posted a 6.8 per cent rise in first-half profit.

The company's net profit amounted to HK$4.33 billion in the first six months, up from HK$4.06 billion in the same period a year ago.

20 Jul 2012 - 12:00am


8 Top of the pops

The top 10 entrants from the semi-final of the interschool competition, Supernova 12, will battle for the crown next month. Don't miss this fantastic inter-school contest!

When: August 8, 7pm

Where: Kitec

Tickets: HK$90-HK$250 from HK Ticketing on 31 288 288

18 Read on!

15 Jul 2012 - 12:00am

Elderly in line for a HK$12,000 handout

Thousands of elderly people living in private housing will be able to apply for a one-off payment of up to HK$12,000 to help them cope with rising prices and soaring rents.

The Community Care Fund will roll out the subsidy programme next week for those aged 65 and over who do not receive money under the Comprehensive Social Security Assistance scheme.

7 Jul 2012 - 12:00am

Small players brave market seeking HK$11b

One South Korean and five mainland Chinese companies plan to kick off listings in Hong Kong, aiming to raise a total of about HK$11.47 billion.

But traders say that the euro-zone crisis and faltering US economy are dampening sentiment and deterring firms from going ahead with the mega deals the market is hoping for.

29 Jun 2012 - 12:00am