China monetary tightening pressure eases off

People's Bank of China has drained cash from the financial system since the Lunar New Year holiday ended. Photo: Xinhua

Pressure on Beijing to tighten monetary policy and macroeconomic controls is easing as inflation will be "relatively low" this month due to slowing food-price gains, central bank adviser Song Guoqing said yesterday.

Sunday, 3 March, 2013, 5:35am

Quantitative easing and macro factors keys to investment success

The American comedian Will Rogers provided sage advice about investing: "Don't gamble. Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."

31 Dec 2012 - 4:58am

Hong Kong Exchanges and Clearing Q3 profit falls 19pc on lower turnover

Brokers blamed the drop in third-quarter profit on the mainland's economic slowdown and the European debt crisis, which has undermined investor confidence.

Hong Kong Exchanges and Clearing, which operates the local stock market and futures market, reported a drop in third-quarter profit of 19 per cent amid lower market turnover, with analysts saying its fourth-quarter outlook is also far from rosy.

8 Nov 2012 - 4:22am

Hong Kong takes dollar down a peg

Hong Kong's problem - too much money coming in.Photo: MCT

As is well known, United States Fed Reserve chairman Ben Bernanke announced a third round of quantitative easing (QE3) in September, and then the Hong Kong dollar did exactly what it has done the two previous rounds of QE: trade at the bottom of its band against the US dollar at HK$7.75.

5 Nov 2012 - 3:25am

Commodities prices reaching the end of a bumper run

A worker inspects copper wire at a warehouse in Bor, Serbia. Some analysts forecast an end to big gains in commodities. Photo: Bloomberg

The biggest advances in commodities this year may be over because of mounting concern that policymakers are not doing enough to bolster economic growth at a time when producers are expanding supply.

21 Sep 2012 - 2:46am

The real extent of China's economic hard landing

The real extent of China's economic hard landing

The cynical explanation for the rash of anti-Japanese demonstrations that spread across China this week is that Beijing encouraged the protests, or at least allowed them to go ahead, in order to take people's minds off what is going on at home.

23 Sep 2012 - 8:03am 5 comments

Slack demand hits Japan's exports for third month

Japan raised its asset buying by 10 trillion yen. Photo: Bloomberg

Japan's exports fell for a third month in the year to August while manufacturing sentiment hit its lowest since February - more evidence that slackening global demand is taking its toll on the export-reliant economy.

21 Sep 2012 - 2:46am

Bernanke may have hidden agenda in printing money

Bernanke may have hidden agenda in printing money

When US Federal Reserve chairman Bill Bernanke announced his latest exercise in money printing last Thursday, he said he would keep the presses running until the US job market begins to improve.

17 Sep 2012 - 2:15am

No deal after tough talks by Minimum Wage Commission

Workers earning the HK$28 per hour minimum wage will have to wait to hear if they can expect a pay rise this year after a review panel failed to reach any conclusions during a tough all-day meeting.

It comes as a survey showed the vast majority of Hongkongers wanted to see a big increase in the minimum wage.

24 Aug 2012 - 3:03am

Victimised foreign helpers face uphill struggle when seeking justice

Your articles concerning injustices to overseas domestic helpers ('Maids get raw deal in labour tribunal', and 'Helper's wages case drags on after eight months', August 5) should be observed and action taken on behalf of the maids.

15 Aug 2012 - 11:30pm

Beijing to step up policy fine-tuning

The mainland's central bank said yesterday that it would strengthen monetary policy fine-tuning in the second half of the year to improve credit quality and economic development in the run-up to the 18th National People's Congress.

15 Aug 2012 - 11:05pm

Checking in for a travel boom

The travel trend among Chinese mainlanders is increasingly on the up, backed by a rapidly growing consumer class.

Soaring numbers of Chinese tourists packed onto flights out of the country is a sure sign that a fast-growing consumer class of about 130 million is not worried that the likely slowest year of economic growth since 1999 will sap their spending power.

21 Aug 2012 - 2:00am

Vow to put growth on even keel

Beijing's top leaders pledged to continue to make stabilising growth a priority in the second half, leaving room for more policy easing as needed to stem a further downturn.

15 Aug 2012 - 10:43pm

Migrant workers get a raw deal

One in five South Asian workers receive less than the legal minimum wage of HK$28 per hour. Yet they keep quiet for fear of losing their jobs, a new survey says.

The Hong Kong Catholic Commission for Labour Affairs interviewed 238 South Asians - mostly Pakistanis and Indians - from March to June.

10 Jul 2012 - 12:00am

Yuan internationalisation runs into some problems

For the last couple of years the grand panjandrums of Hong Kong's banking sector have banged on relentlessly about how the internationalisation of the yuan is our financial future.

This column has long been sceptical, even when scepticism has been a lonely stance.

10 Jul 2012 - 12:00am