Economy

New Zealand-Hong Kong Closer Economic Partnership signed

Chapman Tripp, Daniel Kalderimis Lexology 30.04.2010
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The New Zealand-Hong Kong Closer Economic Partnership agreement has been signed and its text made public for the first time. We briefly summarise its import.

Hong Kong and Shanghai can rise together

Edgar Cheng Financial Times 30.04.2010
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Hong Kong has grown so dramatically as a financial centre over the past 10 years that it seems odd for it to be worrying about its future. Especially so, one would have thought, after its triumph last year when it beat both New York and London to ...


China Exhibits ‘Danger Signals,’ Marc Faber Says

Chia-Peck Wong and Liza Lin BusinessWeek 21.04.2010
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China’s “excessive” credit expansion and surging real estate prices are “danger signals” that growth is peaking, investor Marc Faber said.

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China opened its annual parliamentary season yesterday with a call from the Communist leadership to keep up economic growth, maintain social stability and tackle a yawning urban- rural income gap.


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About 21,000 establishments from various sectors have been selected to provide up-to-date statistical data to evaluate their contribution to Hong Kong's Gross Domestic Product and ascertain their cost structure, operating characteristics and outpu...

No politics, I mean business ...

Bonnie Chen The Standard 15.09.2009
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Forget universal suffrage and concentrate on the economy - that's the message from Chief Executive Donald Tsang Yam-kuen.


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More than 300 disciplined services officers have met government officials to demand better pay and working conditions.

Union wants members to work for five more years

Bonnie Chen The Standard 27.08.2009
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A civil service union is calling for the retirement age to be extended from 60 to 65 to ensure service quality.


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Renminbi business will add to the breadth and depth of Hong Kong's financial market and underline the city's strengths as an international financial centre, Chief Secretary Henry Tang says.

Hot money threat to stability: Yam

Alfred Liu The Standard 07.08.2009
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Hong Kong's financial stability could be under threat because of the huge hot money flows coming into the territory, the head of the de facto central bank warned yesterday.


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More than 800 immigration officers and four department unions have met with government officials to discuss their demands for a pay hike, and for a review of the pay-grade structure.

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The government's Exchange Fund has recorded an investment gain of HK$25 billion in the first half of the year, thanks to a significant rebound in share prices during the second quarter.


Rich newcomers pump $30b into city economy

Patsy Moy The Standard 27.07.2009
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Wealthy mainlanders and foreigners who qualified to come to Hong Kong under a special migration scheme have invested more than HK$30 billion in the city in the past six years.

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There's been a slight increase in the unemployment rate.


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Hong Kong's economy may soon see the light at the end of the tunnel as gross domestic product is expected to stop contracting in the second quarter, said Financial Secretary John Tsang Chun- wah.

Yuan milestone

Katherine Ng and Alfred Liu The Standard 30.06.2009
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Beijing yesterday sealed a long-awaited agreement that will allow Hong Kong businesses to settle cross-border transactions in yuan.


Tsunami sweeps away half of HK millionaires

Benjamin Scent and Dana Bruce The Standard 26.06.2009
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The financial tsunami has caused more than half of Hong Kong's millionaires to lose their coveted status, according to the World Wealth Report from Capgemini and Merrill Lynch released yesterday.

Maids, interns out of wage bill

Bonnie Chen The Standard 25.06.2009
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Live-in domestic helpers and student interns will not be included in a proposed minimum wage law, though disabled persons are covered.


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Chief Executive Donald Tsang says Hong Kong, in the face of twin threats from the global financial turmoil and human swine flu, will continue to share its experience and make contributions to regional co-operation.

Welcome relief

Bonnie Chen The Standard 27.05.2009
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Taxpayers are about to get a much- needed break.



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