• Fri
  • Oct 31, 2014
  • Updated: 1:06am

Public Finance

Now is the time to buy, says investment chief

Despite renewed market jitters about the euro-zone sovereign debt crisis, US-based investment firm Principal Global Investors says it is a great buying opportunity.

Thursday, 26 January, 2012, 12:00am

Now is the time to buy, says investment chief

Despite renewed market jitters about the euro-zone sovereign debt crisis, US-based investment firm Principal Global Investors says it is a great buying opportunity.

Jim McCaughan, the company's CEO, estimated that there was a 20 per cent of chance of Europe slipping into a deep recession, with some banks failing and countries like Italy unable to roll over debt.

26 Jan 2012 - 12:00am

Fiscal revenue up 24.8pc to record

The mainland's fiscal revenue jumped 24.8 per cent to a record high of 10.37 trillion yuan (HK$12.7 trillion) last year, continuing to outpace growth in economic output and household incomes.

21 Jan 2012 - 12:00am

HK government's deficit forecast again in doubt

There are now questions about the government's earlier forecast of a budget deficit, as accounting firm Deloitte is predicting a HK$60 billion budget surplus for the fiscal year ending in March.

Deloitte's forecast is the polar opposite of the government's estimate of a HK$8.5 billion deficit made in March last year.

20 Jan 2012 - 12:00am

Corrections & clarifications

In the article 'Securing Peace' on page A13 yesterday, it was incorrectly stated that Hong Kong is a member of the World Bank and the International Monetary Fund. We apologise for the error.

18 Jan 2012 - 12:00am

Domestic demands may slow liberalisation of yuan

The internationalisation of the yuan would be slowed by Beijing's need to keep domestic growth robust amid global economic uncertainties, the International Monetary Fund and other market experts said yesterday.

13 Jan 2012 - 12:00am

Two more cities join Beijing in tax on foreigners

Three months after the mainland was supposed to begin levying a new tax on foreign employees, two more cities are preparing to adopt the controversial measure, joining Beijing to make a total of three cities to do so.

9 Jan 2012 - 12:00am

Beijing considers new round of stimulus to increase domestic consumption

Beijing is mulling a new round of stimulus to domestic consumption, with a focus on cars and appliances, to help stem the impact of a fall in exports.

5 Jan 2012 - 12:00am

Beijing moves to clean up problems with local debt

The central government said yesterday it had cleaned up nearly half the 530 billion yuan (HK$649 billion) worth of local government debt from 2010 found to have irregularities during an investigation.

5 Jan 2012 - 12:00am