Tuesday, May 17, 2011
Hong Kong aims to introduce an offshore spot yuan fixing rate this year, in a move aimed at boosting growth as well as the use of the Chinese currency in one of Asia's hottest financial markets.
Budget carrier Hong Kong Airlines is set to launch offshore yuan-denominated bonds, a report said Monday, amid huge demand for yuan-based products as China tries to internationalize its currency.
Tuesday, May 10, 2011
Hong Kong is one of the world's cheapest cities for phone and Internet services while Tokyo and Singapore are among the most expensive, according to a survey released Monday.
Wednesday, May 4, 2011
Hong Kong's retail sales soared 26 percent in March on the back of strong domestic and tourist spending, with “little discernible impact” from Japan's earthquake, the government said Tuesday.
Shanghai Pharmaceuticals, one of China's biggest drugmakers, plans to raise as much as US$2.2 billion in an initial public offering ahead of its market listing in Hong Kong this month.
Tuesday, May 3, 2011
Major investors from Hong Kong are keen on infusing millions of U.S. dollars into the Philippines via the construction of a toll road, ferry service, bags and textile facilities and power plants in various parts of the country.
Wednesday, April 20, 2011
Hong Kong's unemployment rate has fallen to 3.4 percent, its lowest level since before the global financial crisis pounded the city's export-oriented economy, the government said Tuesday.
Friday, April 15, 2011
Moody's Investors Service on Thursday downgraded China's property sector to “negative” from “stable” as it warned that rising interest rates and reduced bank lending would dampen demand.
Thursday, April 14, 2011
Hong Kong's financial chief said Wednesday that overall property prices had passed their 1997 peak in February and would look at introducing more measures to cool the city's red-hot market.
Tuesday, April 12, 2011
Billionaire Li Ka-shing's yuan-denominated property trust opened for sale in Hong Kong Monday, in a landmark deal analysts described as a milestone in moves to turn the yuan into a global currency.