Tag

slowing economic

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 →

Risk of bad loan is escalating in China lending banks

The biggest questions to global economy is how China might deal with a vast pool of bad debts. Theoretically, for banks to immediately recognize the losses embedded in bad loans and recovery for those losses by raising fresh capital is… Continue Reading →

China state media singled George Soros out

Financial markets can be treated the political way in China. In the wake of George Soros‘s “bad-mouthing” of China at the World Economic Forum in Davos, Beijing’s media has launched wave of personal attacks on the renowned monetary spectacular who gained… Continue Reading →

HK export prices forecasts shows 1-3% down in 2016

Meanwhile, the volumes may rise 1%. The Hong Kong Exporters’ Association tells local export prices may cut upto 3% amid the slowing economic in 2016. In spite of the depreciation of RMB has helped lower the cost in the mainland China, the gains… Continue Reading →

China’s yuan continues on downward track

Chinese currency’s offshore exchange rate hit a 5 years (6 January). China’s yuan would depreciate as much as 15% to 7.30 against the US dollar in 2016, reported the Hong Kong Economic Journal. The Chinese currency’s offshore exchange rate weakened to 6.7319 at one point which… Continue Reading →

HKTDC’s export index fell amid global uncertainty

HK’s export index fell to 37.1 in the Q3 from 46.8 in the previous quarter, making the lowest level since the Q4 of 2012. Hong Kong Trade Development Council (HKTDC) announced the latest HKTDC Export Index in the third quarter of 2015 (3Q15) on… Continue Reading →

Prada profit hit by weak sales in HK

Hong Kong was once Prada’s hottest areas for growth but now is the biggest drag on slumping profits. Prada (1913.HK), Italian luxury fashion maker, reported the interim results for the six months ended 31 July 2015 on 15 September. Net revenues were EUR 1,824… Continue Reading →

HK’s top jewelry chain will close four local stores

Chow Tai Fook suffered from 24% YOY drop on same-store sales benchmark in Q2. Chow Tai Fook Jewellery Group Ltd (01929.HK), 92 stores in Hong Kong and 20 stores in Macau , confirmed to close four local stores in tourist spots, after fell 6%… Continue Reading →

China’s imports and exports fell in May

  China customers choose goods from a supermarket that sells imported products. Exports fall for 3rd consecutive month and import slide for 7th consecutive month, highlighting slowing demand in the country.   A bigger-than-expected slide in China’s imports in May… Continue Reading →

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