Saturday, December 16, 2017

Hong Kong private sector grows for third straight month, key index...

Hong Kong’s private sector showed positive growth for the third straight month, according to a key economic indicator released on Tuesday, but the future business outlook looked gloomy. The Nikkei Hong Kong Purchasing Managers’ Index gauges private sector business conditions including manufacturing, services, retail and construction. A score of 50 or above signals growth in…

Politics

Business

Why more Chinese women are taking over the family firm or starting their own business

Why more Chinese women are taking over the family firm or starting their own...

Changing attitudes towards succession planning are paving the way for more women to take over family businesses or to start up their own companies, according to experts. The fact women now often enjoy equal rights when it comes to succession and receiving their share of the family wealth may be one of the reasons behind…
Mortgage loans drop 1.6%

Mortgage loans drop 1.6%

Mortgage loans approved in October dropped 1.6% compared to the previous month to $29.1 billion, the Monetary Authority announced today. Mortgage loans financing primary market transactions decreased 4.5% to $6 billion, while those financing secondary market transactions went up 3.6% to $14.4 billion.    Those for refinancing fell 7.4% to $8.6 billion.   Mortgage loans…
FS welcomes SFC review report

FS welcomes SFC review report

Financial Secretary Paul Chan today welcomed the publication of the annual report of the Process Review Panel for the Securities & Futures Commission.   Mr Chan said the panel has conducted a comprehensive review of the commission's internal processes and procedures through selected cases in the past year.   The panel has made numerous observations…
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Legco approves rule book changes, after dramatic debate with 11 pan-dems booted out of chamber

Legco approves rule book changes, after dramatic debate with 11 pan-dems booted out of...

After weeks of tension between opposing camps of lawmakers and a dramatic day where 11 pan-democrats were booted out of the chamber for disrupting the ongoing debate, 24 amendments to the Legislative Council’s rule book were passed on Friday evening. The changes, proposed by the pro-establishment bloc to curb filibustering, was staunchly opposed by the…
Monkey business lands Chinese macaque behind bars – for now

Monkey business lands Chinese macaque behind bars – for now

Forestry police in southwestern China have finally caught up with a wily intruder who evaded capture for about a fortnight. A macaque began breaking into homes in Xishuangbanna, Yunnan province, in the middle of last month, defying residents’ attempts to catch it, China News Service reported. When animals attack: Chinese father and son, 12, roughed…
Legal specialists among almost 60 to join battle for National People’s Congress seats

Legal specialists among almost 60 to join battle for National People’s Congress seats

Almost 60 people, some of them new faces from the legal sector, joined the race to elect 36 deputies to the National People’s Congress as nominations closed on Monday. Sources in the pro-establishment camp had said that Beijing hoped to have more local deputies with such backgrounds to strengthen its influence in legal issues in…
Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s third increase this year

Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s...

The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong Kong dollar’s peg to the greenback. The increase, the third such…

Diplomacy & Defence

80 years on, China tempers Nanking massacre anniversary in nod to Japan

80 years on, China tempers Nanking massacre anniversary in nod to Japan

Chinese President Xi Jinping was on hand in the eastern city of Nanjing on Wednesday to mark the 80th anniversary of a wartime massacre by Japanese troops, but commemorations were low key in an apparent gesture to Tokyo. In a rare move, Xi attended the event but did not make a speech – a sharp…
Australia warned over ‘siding against’ China in security group

Australia warned over ‘siding against’ China in security group

A former Australian foreign minister has warned over his country siding against China in a security grouping with the United States, India and Japan. Bob Carr said Australia should remain neutral and not be viewed as trying to “contain” China. Prospects for a security coalition between Washington, Tokyo, Canberra and New Delhi gathered steam after…
Five things to watch for when South Korean leader Moon Jae-in meets Chinese President Xi Jinping

Five things to watch for when South Korean leader Moon Jae-in meets Chinese President...

South Korean President Moon Jae-in arrived in Beijing on Wednesday morning and observers will be watching closely to see if his four-day visit can help bring about a thaw in diplomatic relations between two of Asia’s largest economies. Moon made it clear that the aim of his meeting with Chinese President Xi Jinping was to…