China’s retail sales up 12.9% in May

Small growth in May yet still behind the governments 2013 target

HONG KONG: WEEK IN REVIEW, 02Jun2013

MSCI rebal are you a winner or loser?; Retail sales show mainlanders still king; Langham Hospitality gets slammed; HK not so competitive anymore; What is a university degree worth?; The Art market running hot; Here’s what you missed this week.

HONG KONG: BEFORE THE OPEN, 31May2013

The 6th man; Guoco Group acquisition scuttled; Gome swings into the black; Macau GDP goes wild; Pay up for the mainland shopper; Stan Chart ups the ante in the mortgage wars; Here’s what you need to know pre open.

Pay up if you want the mainland shopper

Colliers expects street level rents in the four prime shopping areas of Central, Causeway Bay, Mong Kok, and Tsim Sha Tsui to register 8% growth this year. Q1 rents rose 1.1% QoQ.

Hong Kong Business

HONG KONG: CLOSING WRAP, 30May2013

HK recovers nicely today; WeChat + Mengniu; Langham Hospitality nose dives; HK loses the top spot; Mainland shoppers reign supreme; Here’s what you missed today.

Can’t stop the mainland locust shoppers… HK retail sales surge 20.7%

 

Retail Sales YoY
Survey: 14.5%
Actual: 20.7%
Prior: 9.8%

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

China Slowdown: Online retail sales drops 17.1% in Q1

Beijing firm iResearch Consulting reports that shoppers spent RMB352bn in Q1. They attribute the drop to aggressive sales promotions. Never good when you have to slash prices to drive volume.

China Daily

SaSa May Day sales growth solid

From On.cc (translated):

May Day holiday (Apr. 29 to May 1), Hong Kong and Macau retail sales by about 25% year-on-year, same-store sales by about 17% year-on-year. Tthe share price this morning was up 3.38%.