18 January 2019

Macro Economy

  • A weaker Chinese currency will provide some relief to Hong Kong firms that have manufacturing operations in the mainland. Photo: Bloomberg

    HK exporters in China welcome RMB devaluation

    - Aug 12, 2015 11:40am
    The renminbi’s sudden devaluation against the US dollar by about 1.9 percent will help Hong Kong enterprises that have manufacturing operations in mainland China, according to local businessmen. “The renminbi devaluation is great news, our products...
  • The renminbi is expected to lose further ground after China devalued the currency by about 1.9 percent on Tuesday. Photo: Bloomberg

    Renminbi seen depreciating further in near term

    - Aug 12, 2015 10:47am
    The renminbi could depreciate further in the near term, possibly losing another 3 percent by the end of this year, after the Chinese central bank slashed the daily fixing rate by 1.86 percent on Tuesday, according to some...
  • Since Tuesday, the renminbi is worth nearly 2 percent less against the US dollar. Photo: AFP

    Renminbi devaluation – what is the PBoC up to?

    - Aug 12, 2015 8:31am
    What is the People’s Bank of China up to? The PBoC surprised the market on Tuesday by changing the way the daily fixing rate for the renminbi is calculated, which effectively weakened the currency against the...
  • China's central bank allowed the renminbi to drop nearly 2 percent to 6.2298 yuan per US dollar — its lowest point in almost three years. Photo: Bloomberg

    China devalues renminbi after poor economic data

    Aug 11, 2015 4:14pm
    China devalued its currency on Tuesday amid a slowing economy and a stock market slump. The People’s Bank of China set the official guidance rate for the renminbi down nearly 2 percent prior to market open to...
  • Singapore is citing several key downside risks in the external economic environment in trimming its growth forecast for this year. Photo: Internet

    Singapore slashes growth forecast

    Aug 11, 2015 9:25am
    Singapore is slashing its growth forecast for 2015 after the economy shrank in the second quarter. It now says the economy will grow 2-2.5 percent this year, down from 2-4 percent previously, Bloomberg reports, citing a...
  • Characters in the new board game are featured in a HK$200,000 video presentation to potential backers. Photo: Facebook

    How to make crowdfunding work? Take it from these guys

    - Aug 10, 2015 2:09pm
    Hong Kong is not a place where people will invest HK$3 million (US$387,000) to develop a board game. It was the first thing that struck a couple of entrepreneurs, Hon and Ray, when they launched a board...
  • Cross-border e-commerce offers a way out for Hong Kong's retailers who have been facing various headwinds. Photo: Bloomberg

    How small HK retailers can survive the sales slowdown

    - Aug 10, 2015 12:45pm
    Hong Kong’s retail sector has been buffeted by several headwinds in recent months. China’s economic slowdown, weaker renminbi, import duty cuts on the mainland, President Xi Jinping’s anti-graft campaign and travel curbs on Shenzhen residents have...
  • Disappointing producer price and exports data could spur Chinese authorities to announce further monetary easing moves. Photo: Bloomberg

    Weak data may prompt further China policy easing

    Aug 10, 2015 12:42pm
    China’s latest economic data, which showed another heavy fall in factory-gate prices and a surprise slump in exports, will put pressure on the central bank and other authorities to unveil new policy support measures. According to...
  • Hong Kong must help its small and medium-sized firms capture opportunities thrown up by China's new strategic development plan, says CY Leung. Photo: Bloomberg

    Leung mulls SME support in ‘One Belt, One Road’ pursuit

    - Aug 10, 2015 12:13pm
    Chief Executive Leung Chun-ying is mulling plans to set up a new organization that will help Hong Kong firms pursue opportunities under China’s “One Belt, One Road” development plan. In an interview to Xinhua news agency,...
  • Ningbo in eastern Zhejiang province is among several coastal cities vying to become a port of origin in a planned maritime Silk Road. Photo: CNSA

    Coastal cities vying for maritime Silk Road port of origin

    Aug 10, 2015 12:04pm
    Major Chinese coastal cities are vying to become the starting point of a maritime route planned for Southeast Asia, Oceania and North Africa. At stake are unprecedented business opportunities from an explosion of economic activity in the 21st...
  • The number of retail property leasing deals has declined across several districts including Causeway Bay. Photo: AFP

    Retail properties leasing weak but office market strong

    - Aug 7, 2015 12:16pm
    Curbs on Shenzhen visitors to Hong Kong and a general decline in mainland shoppers’ appetite for luxury products have continued to put pressure on retail properties in popular tourist spots. In a recent transaction, a street...
  • Greek Prime Minister Alexis Tsipras and French President Francois Hollande agreed that a deal "should and could be concluded right after Aug. 15". Photo: Reuters

    Tsipras, Hollande see Greece bailout deal by late August

    Aug 7, 2015 9:23am
    A new bailout for Athens should be agreed by late August, Greek Prime Minister Alexis Tsipras and French President Francois Hollande said on Thursday. Greece is in negotiations with the European Union and International Monetary Fund for...
  • No Concept designs shoes with different patterns for each of the pair. The unique design costs more to make but the overall look appeals to customers, according to its founder. Photo: Facebook/No Concept

    How quirky designs allow SMEs to take on the big boys

    - Aug 6, 2015 3:10pm
    Amid rising pressure from wages and rental costs, small and medium-sized enterprises (SMEs) are finding it increasingly hard to compete with big firms. But some SMEs are fighting back in a more level playing field quite...
  • Financial Secretary John Tsang says “one belt, one road” will bring new energy to the global economy and great opportunities to Hong Kong. Photo: HKEJ

    How SMEs can gain from ‘one belt, one road’

    - Aug 6, 2015 11:53am
    While government officials are urging the private sector to seize opportunities from China’s plan to build an Asia-Europe economic corridor, many small entrepreneurs think the massive scheme is limited to large corporations and multinationals in the...
  • South Korea's Small and Medium Business Administration has been looking for ways to help SMEs expand their business. Photo: SMBA

    HK can take a leaf from South Korea SME support scheme

    - Aug 5, 2015 12:47pm
    In March, South Korea’s Small and Medium Business Administration (SMBA) announced a program to help small and medium-sized enterprises (SMEs) succeed in China and make the most of a bilateral free trade agreement. The government will...
  • Greek Finance Minister Euclid Tsakalotos said negotiations were going better than expected. Photo: Reuters

    Greece, creditors voice optimism on bailout

    Aug 5, 2015 8:52am
    Greece and its lenders said they were optimistic they could broker a deal within days on a multibillion-euro bailout, Reuters reported. A bailout worth up to 86 billion euros (US$94.5 billion) must be settled by Aug....
  • Hong Kong's strong intellectual property protection regime and local firms’ regional distribution network can be an ideal complement to Israel's technology industry. Photo: InvestHK

    How HK firms can tap Israeli technology

    - Aug 4, 2015 4:06pm
    Since the 2008 financial crisis that weakened the economies in the West, Israel, like many other export countries, has been increasingly targeting emerging markets in Asia, particularly China. Last year, China accounted for a quarter of...
  • Puerto Rico is seeking to renegotiate its US$72 billion debt load. Photo: Bloomberg

    Puerto Rico agency misses full bond payment in first default

    Aug 4, 2015 9:01am
    A Puerto Rico agency has defaulted on bonds for the first time, initiating a clash with creditors as the struggling commonwealth seeks to renegotiate its US$72 billion debt load, Bloomberg News reported. The Caribbean island paid...
  • Advanced 3D printers can handle metallic particles and produce high-end products such as aircraft engines. Photo: HKPC

    Why Hong Kong SMEs are too slow to dive into 3D printing

    - Aug 3, 2015 2:30pm
    While the cost of 3D printing has been coming down fast and its applications expanding by the day, most things about it are little understood by most small Hong Kong entrepreneurs. Their understanding of this new...
  • Qin Xiao of the Financial Services Development Council said China's "One Belt, One Road" initiative will require massive funds. Photo: HKEJ

    Hong Kong urged to be funding platform for One Belt, One Road

    - Aug 3, 2015 12:06pm
    Hong Kong should seize the opportunity of becoming a fund-raising platform for China’s “One Belt, One Road” initiative, which will require up to 100 trillion yuan (US$16.1 trillion) in capital by 2040, a member of a government...

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