• Sun
  • Apr 20, 2014
  • Updated: 10:28am

Hong Kong Economy

Global recovery to benefit Hong Kong's trade sector, economists say

The global economic recovery led by the United States and Europe will benefit Hong Kong’s import and export industry this year, spurring an expansion in the trade-oriented economy’s gross domestic product, economists say.

Wednesday, 22 January, 2014, 10:49am

Growth eases in Hong Kong private sector as orders from mainland jump, HSBC PMI shows

A gauge of business conditions in Hong Kong’s private-sector economy showed modest expansion in activity last month, although the rate of growth eased from November’s 10-month peak.

The HSBC purchasing managers index (PMI) for December fell to 51.2 from 52.1 in November. A reading above 50 indicates expansion. A figure below 50 denotes contraction.

6 Jan 2014 - 10:52am

Strong expansion in Hong Kong's private sector shown by HSBC PMI

The HSBC purchasing managers index (PMI) for last month, released on Wednesday, signalled the strongest improvement in business conditions in Hong Kong’s private sector since January.

The reading improved markedly to 52.1 from 50.1 in October. A survey reading above 50 indicates expansion. A figure below 50 denotes contraction.

4 Dec 2013 - 2:27pm

HSBC's China services PMI confirms rebound indicated by official figure

A private survey released on Tuesday confirmed official figures from the weekend that showed growth in China’s services industry edged up last month, offering further indications that the economy has stabilised in the run-up to a key party reform meeting.

5 Nov 2013 - 1:10pm

Tourism boosts Hong Kong's economy in second quarter

Hong Kong's GDP showed moderate growth in the second quarter of 2013, as local consumption and spending by inbound tourists helped make up for continuing weaknesses in demand from the advanced markets that the city export to, said government economists.

16 Aug 2013 - 11:09pm

Hong Kong a natural champion of open trade and transparency

This week has seen Britain host the G8 summit as part of its presidency, which is focused on the "3 Ts": fairer taxes, freer trade and greater transparency.

These are critical issues for global prosperity, jobs and sustainable development. They are mutually reinforcing. We need to work towards common international approaches on these issues, and the G8 can add momentum.

19 Jun 2013 - 1:26am

To grow, Hong Kong must branch out from a mainly service economy

Hong Kong needs to diversify. Its narrow economic base threatens not only its economic progress but also social stability. The city's weakening competitive edge, revealed in recent reports, has become a hot topic among businesses and policymakers.

13 Jun 2013 - 2:06am 1 comment

Business climate getting bad, says Peter Woo

The business environment for companies in Hong Kong is deteriorating, says Wheelock and Co chairman Peter Woo Kwong-ching. His remarks came against a backdrop of tighter property regulations, rising operating costs and changing political conditions.

8 Jun 2013 - 3:39am 2 comments

Hong Kong retail sales climb 21pc as gold falls

Plummeting gold prices brought the city an additional HK$4.45 billion in retail sales last month as consumers took advantage of the slump to snap up jewellery and watches, although jewellers expect the gold craze will now taper off.

31 May 2013 - 5:44am

April cargo decline points to 'structural problem'

The 12 per cent slide in Hong Kong's container throughput last month underpinned a structural problem exacerbated by a strike at one of the terminals last month, a port operator said.

17 May 2013 - 6:22am