Hong Kong still a star
Article Abstract:
Hong Kong has a number of advantages as a business location, especially its closeness to mainland China which offers a potentially large market. There are also good communications and a favorable tax and legal system. There are some drawbacks such as a lack of trained labor and the high cost of staff. Pollution is also a problem. The attitude of China toward Hong Kong, and the extent to which China continues with a hands-off policy, will be a key factor in determining how attractive Hong Kong is for investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Inflationary pressures build up: the latest inflation forecast from the Bank of England is much higher than the one published in February. Higher interest rates are needed to prevent inflation taking off again
Article Abstract:
Inlation in the UK is continuing to rise and could reach the upper limit of the government's 1-4% target range in 1996 according to the Bank of England's May Inflation Report. Although Chancellor Kenneth Clarke has not increased short term rates, senior economist at the Bank of England, Mervyn King believes they will need to be raised soon. The main reason for the increase in the Bank's forecast is the drop in sterling in the three months since February.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Too sanguine at Standard Chartered: Standard Chartered is taking a very optimistic view of the future of Hong Kong. If it's wrong, it could be expensive
Article Abstract:
Standard Chartered bank has 5.2 billion worth of customer loans in Hong Kong where it makes 44% of its profits. Its bad debt charge was just 3 million pounds sterling in 1994, although the figure could increase. The bank has managed to reduce its exposure to commercial property, but thee are currently uncertainties about the fat of the Hong Kond dollar and the Hang Seng stock market in the run up to China's takeover in 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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