Hong Kong Exchanges & Clearing Ltd.'s Chairman Ronald Arculli said asset bubbles may be looming in Asia amid burgeoning stock and property prices.

Around 1,000 U.S. dollar millionaires a year are settling in the former British colony of Hong Kong under a residency scheme for rich migrants, officials said Thursday.

Hong Kong's economy continued to rebound in the third quarter on stronger domestic demand, government figures showed Friday, but the improvement was limited by sluggish export trade.

Wine imports to Hong Kong rose by more than 40 percent in the first eight months of the year as the city pushed forward in its bid to become Asia's wine hub, financial secretary John Tsang said Wednesday.

Hong Kong said Monday that September retail sales rose 2.4 percent year-on-year — the first increase after seven months of declines — due to an improving economy buoyed by stronger tourism figures.

Hong Kong officials said Monday they have tightened regulation of complicated investment products after thousands of local retail investors were burned by Lehman Brothers-backed derivatives last year.

Hong Kong exports fell 8.6 percent year-on-year in September, the government said Tuesday, a smaller decline than previous months as regional trading activity rebounded.

Sales of hairy crab, a local delicacy, have surged this year as wealthy Hong Kong residents are more confident about the recovery in the economy and financial markets, a media report said Monday.

Hong Kong investors are turning to rare vintages as an alternative bet for good capital growth, a trend driven by an insatiable demand for imported wine in China.

Hong Kong's government will monitor “closely” the local property market and will introduce measures to ensure its stability if necessary.