| Hong Kong Economy Archive: |
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Hong Kong Retail Sales Rise in March
Apr 29, 9:14 AM EDT |
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| Taking the first quarter of 2008 together, total retail sales increased by 17.5% in value or 11.6% in volume over the same period a year earlier. |
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| The value of total retail sales in March 2008, provisionally estimated at $22.6 billion, increased by 20% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 13% in March 2008 over a year earlier. |
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New Loans Rise by 5.2%
Apr 25, 7:10 AM EDT |
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| HKMA's monthly survey of residential mortgage lending, new mortgage loans drawn down during March 2008 increased by 12.3% to HK$20.6 billion. |
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| New loans approved increased by 5.2% to HK$24.7 billion. The increase was due to increases of HK$1.4 billion (+89.1%) in approvals for primary market transactions and of HK$1.0 billion (+35.1%) in approvals for refinancing loans, which more than offset the HK$1.2 billion (-6.6%) decrease in approvals for secondary market transactions. |
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Hong Kong Goods Exports Rise 7.6% in March
Apr 24, 2:06 PM EDT |
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| For the first quarter of 2008 as a whole, the value of total exports of goods rose by 10.5% over the same period in 2007. |
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| In March 2008, the value of total exports of goods increased by 7.6% over a year earlier to $222.5 billion, at the same rate of year-on-year increase as recorded in February 2008. |
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Hong Kong Consumer Prices up 4.2% in March
Apr 22, 11:48 AM EDT |
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| For the 12 months ended March 2008, the Composite CPI was on average 2.7% higher than in the preceding 12-month period. |
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| The Census and Statistics Department released today the Consumer Price Index figures for March 2008. According to the Composite CPI, overall consumer prices rose by 4.2% in March 2008 over a year earlier. |
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HK Composite Interest Rate Falls to 0.98%
Apr 17, 10:18 AM EDT |
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| The Hong Kong Monetary Authority announced today the composite interest rate at the end of March 2008. |
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| The composite interest rate, which reflects the average cost of funds of banks, fell by 37 basis points to 0.98% at the end of March 2008, from 1.35% at the end of February 2008. This followed a decrease of 33 basis points in February 2008. |
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Hong Kong's Goods Exports up 5.5% in February
Apr 17, 11:59 AM EDT |
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| Comparing February 2008 with February 2007, the prices of re-exports of goods increased by 2.8%, while those of domestic exports increased by 3.4%. |
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| In February 2008, the volume of Hong Kong''''s re-exports of goods increased by 5.9% over February 2007, whereas that of domestic exports decreased by 4.5%. Taken together, the volume of total exports of goods increased by 5.5%. Concurrently, the volume of imports of goods increased by 9.8%. |
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Mortgage Corp Sees Record Gain
Apr 10, 2:03 PM EDT |
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| The HKMC and its subsidiaries (the HKMC Group) recorded 8.5% growth in its 2007 profit after tax to a record of HK$740.7 million. |
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| Return on shareholders'' equity was 13.7% (2006: 13.9%). The capital-to-assets ratio remained strong at 11.2% (2006: 11.2%), well above the minimum requirement of 5%. The cost-to-income ratio was 13.6% for 2007 (2006: 13.5%). |
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Foreign Currency Reserve Assets Slightly up
Apr 08, 12:35 PM EDT |
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| The total foreign currency reserve assets of US$160.7 billion represent over seven times the currency in circulation or about 38% of HK dollar M3. |
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| The Hong Kong Monetary Authority announced today that the official foreign currency reserve assets of Hong Kong amounted to US$160.7 billion at the end of March 2008 (end-February 2008: US$160.2 billion). |
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Hong Kong Retail Sales Rise 9.5% in February
Apr 01, 12:41 PM EDT |
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| Taking the first two months of 2008 together, total retail sales increased by 16.4% in value or 11.1% in volume over the same period a year earlier. |
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| The value of total retail sales in February 2008, provisionally estimated at $22.8 billion, increased by 9.5% over a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales increased by 4.5% in February 2008 over a year earlier. |
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