Stocks News
- Hong Kong Q2 financing receipt up 53.6 pct
Date: 11-Sep-2007 Sources: (People's Daily)
Fueled by the buoyant local stock market, Hong Kong's financing business (except banking) receipts surged 53.6 percent year on year in the second quarter of 2007, according to the latest statistics released by the Hong Kong Census and Statistics Department Monday.
Comparing the second quarter of 2007 with a year earlier, the business receipts of all service industries rose in value, with business receipts of the financing (except banking), real estate and banking industries surging notably by 53.6 percent, 33.4 percent and 32.4 percent respectively.
The increase in business receipts of the financing (except banking) industry was mainly fueled by the buoyant local stock market, while that of the real estate industry was mainly attributable to the brisk trading activities in the property market.
Other service industries that recorded more notable increases in business receipts included the storage at 23.9 percent, insurance at 21.3 percent, hotels at 12.7 percent, business services at 12.1 percent and restaurants at 11.7 percent.
During the same period, business receipts of the tourism, convention and exhibition services domain increased by 15.5 percent year on year, while business receipts of the computer and information services domain increased by 7.1 percent.
Sponsor Results:
