HONG KONG: WEEK IN REVIEW, 18May2013

Timmy tong faces the spotlights; Housing prices to dump 20%; Alcohol, women and rape; CY Leung’s popularity in the toilet; The duck is under maintenance. Here’s what happened this week.

HK consumers credit card usage dropped 2.9% in Q1

So goes credit, so goes the economy. Keep those mainlanders coming.

HKMA

HONG KONG: CLOSING WRAP, 07May2013

HK swimming in dolla bills

HKMA reported that foreign currency reserves increased US$2.7bn in April. The total now stands at US$3,065bn.

HK Headlines

HONG KONG: CLOSING WRAP, 02May2013

HKMA KEEPS RATE UNCHANGED AT 0.5%

HONG KONG: BEFORE THE BELL, 20Mar2013

1. Huaneng Power results show 3.5% decline in China energy generation

2. Huaneng Renewables winds blow in opposite direction, profit down 46%

3. China Medical Systems earnings MISS, EPS 0.03522 vs. 0.036 estimate

4. Hutchison Telecom earnings BEATS, full year revenue HK$15.5bn

5. China slowdown’s latest victim Citic Pacific, profit down 25%

6. China Unicom adds 3.359m 3G subscribers in Feb

7. HKMA coming for banks mortgage books… Agency to step up capital adequacy reviews

8. Salisbury Securities defaults no clues as to why… Did they forget the FTSE rebal?