Hong Kong Business

Retail sales value slightly dips by 0.1% YoY in August
The total value stood at $28.6b.
Party time! Gov’t eases distancing measures in bars, clubs
The new measures will take effect on 6 October.
Sustainability in the workplace: In which areas should companies do more?
Workers (27%) think that their company is lagging in their sector in terms of sustainability efforts.
Cathay Pacific elevates chatbot performance with AI training platform
The platform helps chatbots provide more accurate responses to travel inquiries.
How are Hong Kongers attitude change whilst living with COVID-19?
Some have an increased desire to travel whilst some are still concerned about health.
Hong Kong set to enable new tax measures
The measures aim to tighten rules under BEPS.
Hong Kong sets sights on innovation and technology
The government has set aside $10b to enrich the I&T ecosystem.
Quota for private cars crossing Hong Kong-Zhuhai-Macao bridge raised
Up to 500 private cars can now cross the bridge per month.
Hong Kong may see negative economic growth in 2022
This is due to the rising cost of capital and tightening monetary conditions amongst others. 
Reverse quarantine talks with Shenzhen 'progressing’: CE Lee
Officials are still discussing whether HK citizens will conduct pre-quarantine in the city or Shenzhen. 
Hong Kong is the 5th most competitive market in the world 
In Asia-Pacific, it ranked second.
Return of group tours, individual visit scheme may boost Macau recovery
But China's lockdowns strategy will counter overseas travel.
Basket of properties on Yen Chow Street sold for $100m
Bridgeway Prime Shop Fund and Owl Square Co-living acquired the properties.   Six retail shops and nine residential units at Kin Sun Building, Nos. 11-19 Yen Chow Street in West Kowloon were sold separately to two buyers for a total consideration of $100m, its marketing agent, JLL announced.   Bridgeway Prime Shop Fund acquired the retail shops for $70m, whilst Owl Square Co-living Founder Max Poon and AL Group Limited Chairman Laurence Chan got a hold of the residential units.   “All these six connecting corner shops with wide frontages are very rare in the area. With numerous residential redevelopment projects nearby, I am very optimistic about the price appreciation potential of this investment,” Edwin Lee, founder of Bridgeway Prime Shop Fund, said.   Accordion to Lee, the shops provide a passing yield of 3% and could achieve a yield of 5% when projects nearby the properties are completed.    Poon, for his part, said he will transform the nine residential units into “high quality and affordable living options for young professionals.”

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Exclusives

Exclusives

HR & Education How financial institutions can overcome the towering demand for ESG roles 
Data from portal Indeed showed that ESG job offers in Hong Kong soared 442% in 2022.
Telecom & Internet How else can Hong Kong’s startup ecosystem improve
Microsoft created an incubation programme in partnership with the government.
HR & Education Achieving board diversity: It takes more than giving additional seats to women
Heidrick and Struggles CEO David Hui said the first step to diversity is identifying one's business objectives.
Residential Property Why tax deduction on domestic rents is not really a win for tenants
Under a newly passed bill, about $100,000 can be deducted from a tenant’s annual rent.
HR & Education How companies can successfully transition to hybrid work in just 2 steps
A Cisco official said a good hybrid workplace is where employees get to work the way they want.
Hotels & Tourism On a day trip? This marketplace allows 2-hour hotel stay and anytime-check-in
With Flow, customers can cut 50% to 70% of the price they usually pay for an overnight stay.

Top News

Retail sales value slightly dips by 0.1% YoY in August
The total value stood at $28.6b.
Party time! Gov’t eases distancing measures in bars, clubs
The new measures will take effect on 6 October.
Sustainability in the workplace: In which areas should companies do more?
Workers (27%) think that their company is lagging in their sector in terms of sustainability efforts.
Cathay Pacific elevates chatbot performance with AI training platform
The platform helps chatbots provide more accurate responses to travel inquiries.
How are Hong Kongers attitude change whilst living with COVID-19?
Some have an increased desire to travel whilst some are still concerned about health.
Hong Kong set to enable new tax measures
The measures aim to tighten rules under BEPS.
Hong Kong sets sights on innovation and technology
The government has set aside $10b to enrich the I&T ecosystem.
Quota for private cars crossing Hong Kong-Zhuhai-Macao bridge raised
Up to 500 private cars can now cross the bridge per month.
Hong Kong may see negative economic growth in 2022
This is due to the rising cost of capital and tightening monetary conditions amongst others. 
Reverse quarantine talks with Shenzhen 'progressing’: CE Lee
Officials are still discussing whether HK citizens will conduct pre-quarantine in the city or Shenzhen. 
Hong Kong is the 5th most competitive market in the world 
In Asia-Pacific, it ranked second.
Return of group tours, individual visit scheme may boost Macau recovery
But China's lockdowns strategy will counter overseas travel.
Basket of properties on Yen Chow Street sold for $100m
Bridgeway Prime Shop Fund and Owl Square Co-living acquired the properties.   Six retail shops and nine residential units at Kin Sun Building, Nos. 11-19 Yen Chow Street in West Kowloon were sold separately to two buyers for a total consideration of $100m, its marketing agent, JLL announced.   Bridgeway Prime Shop Fund acquired the retail shops for $70m, whilst Owl Square Co-living Founder Max Poon and AL Group Limited Chairman Laurence Chan got a hold of the residential units.   “All these six connecting corner shops with wide frontages are very rare in the area. With numerous residential redevelopment projects nearby, I am very optimistic about the price appreciation potential of this investment,” Edwin Lee, founder of Bridgeway Prime Shop Fund, said.   Accordion to Lee, the shops provide a passing yield of 3% and could achieve a yield of 5% when projects nearby the properties are completed.    Poon, for his part, said he will transform the nine residential units into “high quality and affordable living options for young professionals.”

Exclusives

HR & Education How financial institutions can overcome the towering demand for ESG roles 
Data from portal Indeed showed that ESG job offers in Hong Kong soared 442% in 2022.
Telecom & Internet How else can Hong Kong’s startup ecosystem improve
Microsoft created an incubation programme in partnership with the government.
HR & Education Achieving board diversity: It takes more than giving additional seats to women
Heidrick and Struggles CEO David Hui said the first step to diversity is identifying one's business objectives.
Residential Property Why tax deduction on domestic rents is not really a win for tenants
Under a newly passed bill, about $100,000 can be deducted from a tenant’s annual rent.
HR & Education How companies can successfully transition to hybrid work in just 2 steps
A Cisco official said a good hybrid workplace is where employees get to work the way they want.
Hotels & Tourism On a day trip? This marketplace allows 2-hour hotel stay and anytime-check-in
With Flow, customers can cut 50% to 70% of the price they usually pay for an overnight stay.

Join the Hong Kong Business community