Tag

Hong Kong

Stamp duty on residential property deals raised to 15%

Latest SAR government’s supportive measure to local home hopefuls Hong Kong residential real estate deals will be subjected to stamp duty of 15 percent of the value from midnight of 5th November, announced at a briefing involving the Chief Executive… Continue Reading →

HK private home prices mark record high of 2016

Prices 3.46pc lower than their peak in September 2015 According to data released by the Rating and Valuation Department on 31st October, Hong Kong home prices rose by 2.78 percent in September (a month-to-month growth rate), marking 8.88 percent the… Continue Reading →

Cooling China economy hits Hong Kong and Singapre

The banking boom days are officially over in Hong Kong and Singapore Asia’s two top financial hubs are facing a rapid growth deceleration with China’s slowdown and the continuing shrinkage of the financial industry striking both Singapore and Hong Kong…. Continue Reading →

Hong Kong is not another Shanghai

In terms of globalization of financial market, Beijing is the stronghold of “One Country, Two Systems”. Hong Kong’s success of being an international financial hub, meanwhile, largely owes to its solid social and legal infrastructure. Hong Kong’s financial sector is… Continue Reading →

Hong Kong ranks after Singapore in financial centre index

Competitiveness of Hong Kong slides The latest index released by Z/Yen Group shows Singapore has overtaken the SAR as the No 3 global financial center. As the dominant financial centre to Chinese economy, Hong Kong’s financial center status is irreplaceable… Continue Reading →

Hong Kong Gov Budget 2016-17 highlights

Plenty of sweeteners in tax and one-off relief measures are offered. Financial Secretary John TSANG has not departed from his prudent fiscal management philosophy in this year’s budget, he cautions about the bumpy road ahead with increased economic and political… Continue Reading →

Hong Kong luxurious items retailers suffer the most

Category “Jewellery, watches and clocks, and valuable gifts ” got the biggest YoY drop in January. Rich Chinese have been the major consumers of luxury’s brands over a decade, their shopping taste is shifting to tourist spot of cheaper currencies…. Continue Reading →

US signed biggest ever trade deal with Pacific partners

Over 40% of world economy is involved, except China and Hong Kong. As US seeks to encounter China, the ambitious Trans Pacific Partnership (TPP) which aims to cut tariffs and trade barriers among US trade partners in Pacific rim region… Continue Reading →

Upcoming Shanghai Disneyland sets ticket fee low

Hong Kong Disneyland will directly competes against the Shanghai counterpart for mainland tourists. Hong Kong Disneyland, a joint venture between Walt Disney and the Hong Kong government built the Hong Kong’s 2nd largest amusement park following Ocean Park and opened… Continue Reading →

China fake trade invoicing mounts as HK figures differ

Difference in trades figures of China’s export-to-HK and HK’s import-from-China reached record high in December 2015. Coincidence of this huge trade gap and ongoing depreciation of Renminbi suggested speculators operated fake trades to gain in foreign exchange, e.g. through inflated import from Hong Kong to change China… Continue Reading →

Decline in sale of luxaury watches in Hong Kong

Swiss watch exhibition organizer is pressed to downgrade the expo due to watch makers being losing money. Slowing economy and massive anti-corruption crackdown in China cut off the interest of the rich to shop for pricey  Swiss timepieces which seem a wearable… Continue Reading →

Ben Bernanke: more transparent on China yuan policy

Global investors overreacted to China’s slowdown, he added. Speaking at the Asian Financial Forum, former Federal Reserve chairman Ben Bernanke said China’s slowdown is not a threat to the global economy. China slowdown unlikely to derail global economy: Bernanke China… Continue Reading →

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