Hong Kong Business

Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Consumer prices rise 1.2% YoY in May
Prices rose faster in May compared to April.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
Hong Kong recovery on track amidst high interest rates
^ "https://vimeo.com/962876245"
Economic growth was strong, but investment and property markets were affected.
Hong Kong reappoints HKSTP Chairman of the Board of Directors
The new members and reappointees will serve for two years starting on 1 July.
Dip in construction activity to cut 2024 tender prices
Tender prices for construction projects to slip by 2%.
Gov’t to intensify implementation of safe construction measure
Over 100 prosecutions against duty holders were taken out as at 31 May.
Hong Kong launches new features in eHealth App
It will pilot cross-boundary health record and personal folder functions.
3 in 5 Hong Kong workers use AI at work to reduce burn out
Over 33% of Hong Kong workers feel extremely burnt out.
Hong Kong unemployment rate remains at 3%
It inched up by 0.1 percentage points to 1.2%.
7 in 10 SMEs foresee growth of 4% or more in next 12 months
Scale expansion and launch of new products and services were seen as the main growth drivers.
HK lands 5th in world competitiveness ranking
The city’s economic performance, business efficiency, and infrastructure improved. 
Economist lifts Hong Kong outlook, citing stronger economic prospects
UOB now predicts a 2.9% economic growth, up from 2.5%

Join the Hong Kong Business community

Exclusives

Exclusives

Residential Property Y.X blends work and play with VR gaming and study spaces at Y83
Y83 is the first student accommodation in Hong Kong to include a VR gaming area.   ACKNOWLEDGING that play is essential during and outside school, operator Y.X ensures its accommodations support student residents in balancing their studies with leisure time by providing gaming facilities.
Hotels & Tourism Klook expands content creation programme as influencers drive travel bookings
Eight in 10 Hongkongers book travel based on creator tips.
Markets Hong Kong regulators intensify collaboration on IPO-related misconduct crackdown
HKEX conducted IPO inquiries on 16 newly listed firms last year.
Retail Ways retailers can start waste reduction efforts amidst charging scheme delay
Experts recommend adopting mono-material packaging and encouraging naked shopping.
Retail Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Healthcare GUTolution’s custom probiotics address unique gut health needs
The start-up uses shotgun metagenomic sequencing to analyse a person’s gut microbiome.
Retail Wellness products key to thriving in Hong Kong's pet economy
In SHOPLINE, probiotics and crocodile meat supplements emerged as top pet products.

Top News

Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Consumer prices rise 1.2% YoY in May
Prices rose faster in May compared to April.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
Hong Kong recovery on track amidst high interest rates
^ "https://vimeo.com/962876245"
Economic growth was strong, but investment and property markets were affected.
Hong Kong reappoints HKSTP Chairman of the Board of Directors
The new members and reappointees will serve for two years starting on 1 July.
Dip in construction activity to cut 2024 tender prices
Tender prices for construction projects to slip by 2%.
Gov’t to intensify implementation of safe construction measure
Over 100 prosecutions against duty holders were taken out as at 31 May.
Hong Kong launches new features in eHealth App
It will pilot cross-boundary health record and personal folder functions.
3 in 5 Hong Kong workers use AI at work to reduce burn out
Over 33% of Hong Kong workers feel extremely burnt out.
Hong Kong unemployment rate remains at 3%
It inched up by 0.1 percentage points to 1.2%.
7 in 10 SMEs foresee growth of 4% or more in next 12 months
Scale expansion and launch of new products and services were seen as the main growth drivers.
HK lands 5th in world competitiveness ranking
The city’s economic performance, business efficiency, and infrastructure improved. 
Economist lifts Hong Kong outlook, citing stronger economic prospects
UOB now predicts a 2.9% economic growth, up from 2.5%

Exclusives

Residential Property Y.X blends work and play with VR gaming and study spaces at Y83
Y83 is the first student accommodation in Hong Kong to include a VR gaming area.   ACKNOWLEDGING that play is essential during and outside school, operator Y.X ensures its accommodations support student residents in balancing their studies with leisure time by providing gaming facilities.
Hotels & Tourism Klook expands content creation programme as influencers drive travel bookings
Eight in 10 Hongkongers book travel based on creator tips.
Markets Hong Kong regulators intensify collaboration on IPO-related misconduct crackdown
HKEX conducted IPO inquiries on 16 newly listed firms last year.
Retail Ways retailers can start waste reduction efforts amidst charging scheme delay
Experts recommend adopting mono-material packaging and encouraging naked shopping.
Retail Gen Zs taking over consumer preferences in APAC markets
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst also taking into account cost and convenience.
Healthcare GUTolution’s custom probiotics address unique gut health needs
The start-up uses shotgun metagenomic sequencing to analyse a person’s gut microbiome.
Retail Wellness products key to thriving in Hong Kong's pet economy
In SHOPLINE, probiotics and crocodile meat supplements emerged as top pet products.

Join the Hong Kong Business community