Category: FINANCE

gross domestic product (GDP) growth forecast for 2018 to 3.7%, up from its previous estimate of 3.3%. HSB noted Hong Kong's economy grew at the fastest pace since 2011 in the first quarter of this year, with GDP rising by 4.7% year-on-year after increasing ... ( read original story ...)

Hong Kong’s financial chief Paul Chan Mo-po on Thursday made a strong case for the government’s plan to tax property owners hoarding vacant flats, saying it was not to enrich its coffers but to ensure sufficient housing, as more than 28,000 new homes ... ( read original story ...)

The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world. While U.S. markets await the IPOs of Uber and Airbnb, three Chinese companies that rank among the world's 20 ... ( read original story ...)

Hong Kong businesses are slow to adopt company wide digitisation despite a growing demand and enthusiasm for digital technologies, especially mobile banking, according to a new study by HSBC. About three quarters of the local companies surveyed recognised ... ( read original story ...)

Hong Kong ... China's central bank urged investors to remain calm and rational, saying the economy is in good shape to deal with trade friction. Thirty nine stocks among the 50 blue chips rose, and ten fell, with one stock remaining steady. The Hang ... ( read original story ...)

HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong initial public offering, sources with knowledge of the matter said. Xiaomi plans to sell about 2.18 billion shares at a price range of HK$17 ... ( read original story ...)

Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators. Hong Kong and China are the only ... ( read original story ...)