Hong Kong's business receipts in all service industries grew in value terms in 2007, according to statistics released by Hong Kong Census and Statistics Department.
Hong Kong's financing-industry business receipts grew 68.8 percent and those for real estate and banking industries rose 39.1percent and 38.4 percent on the previous year, the department said.
The Census and Statistics Department said the rise for the financing (except banking) industry was due to the buoyant local stock market, while that of the real estate industry was attributable to the brisk trading activities in the property market.
The business receipts rise of the banking industry was mainly due to continuous growth in non-interest income, the department said.
Business receipts of the tourism, convention and exhibition services domain and the computer and information services domain rose 17.1 percent and 6.5 percent.
Business receipts of all service industries increased in the fourth quarter compared with a year earlier. Larger rises were recorded in the financing (except banking) (up 83.1 percent), real estate (up 66.8 percent), banking (up 45.3 percent), insurance (up34.0 percent), wholesale and retail (up 17.2 percent), hotels (up 17.0 percent), communications (up 15.5 percent), restaurants (up 15.1 percent), transport (up 14.6 percent) and business services ( up 14.2 percent) industries, said the department.
Source: Xinhua
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