Hong Kong Business

Around 9 in 10 households had internet access in 2021
Smartphones were the top device used to access the internet.
Hong Kong ranks 2nd in the world in play-to-earn gaming adoption
At least two in five Hong Kongers have used play-to-earn platforms.
How can SMEs benefit from HKPC's new digital portal
The portal will offer digital solutions and awareness.
Around 1 in 10 Hong Kongers show PTSD symptoms one year after COVID
Unemployment and time spent watching pandemic news were linked to the symptoms.
Bill strengthening Hong Kong’s cybersecurity underway
This comes amidst threats of cyberattacks on China.
Real estate investment in HK to reach HK$70b in 2022: report
This is an improvement compared to its 2019 and 2020 levels.
Hong Kong’s property investment growth steadies in H1
Investment activity picked up in Q2 after a slow Q1.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Cathay Pacific now Asia’s first airline to pivot 10% SAF use by 2030
It sets its sights to buy over 350 million gallons of sustainable aviation fuels.
Commercial, residential properties worth $550m up for sale
The properties are up for public tender until 5 July at noon.
Hong Kong will see rise in demand for medical real estate—here's why
CBRE reported the need for an additional 1 million sq. ft. for medical centres.
Work-life balance beats salary as top employee demand
Over 6 in 10 workers want jobs with work-life balance.
More consumers say unmanned stores safer to visit
Reduced human interaction was a key safety benefit.
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.  

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Exclusives

Exclusives

Financial Services Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
Insurance Time for a comeback? Hong Kong’s top 50 insurers show a 9.75% surge in assets
Health and wellness products still remain a priority for the industry.
Residential Rent control bill aims to bury abusive ‘coffin home’ landlords
A ban on rent hikes in the first 2 years and caps on increases after that have landlords worried.
HR & Education Competing for the best talent in Hong Kong’s shrinking talent pool
About 85% of employers are concerned about the talent shortage.
Retail Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.
Building & Engineering Israel and Hong Kong forge fertile business bonds
The Head of Economic and Commercial Mission for the Consulate General of Israel says several of its companies are keen on entering the Hong Kong market.
Commercial Property How Hong Kong’s real estate scene will fare in agents’ eyes
Residential prices, as well as retail and office rents, will likely grow in 2022.

Top News

Around 9 in 10 households had internet access in 2021
Smartphones were the top device used to access the internet.
Hong Kong ranks 2nd in the world in play-to-earn gaming adoption
At least two in five Hong Kongers have used play-to-earn platforms.
How can SMEs benefit from HKPC's new digital portal
The portal will offer digital solutions and awareness.
Around 1 in 10 Hong Kongers show PTSD symptoms one year after COVID
Unemployment and time spent watching pandemic news were linked to the symptoms.
Bill strengthening Hong Kong’s cybersecurity underway
This comes amidst threats of cyberattacks on China.
Real estate investment in HK to reach HK$70b in 2022: report
This is an improvement compared to its 2019 and 2020 levels.
Hong Kong’s property investment growth steadies in H1
Investment activity picked up in Q2 after a slow Q1.
Hong Kong fintech krip launches deals, offers platform for credit card users
Users can access over 6,000 deals from 3,000 merchants.
Cathay Pacific now Asia’s first airline to pivot 10% SAF use by 2030
It sets its sights to buy over 350 million gallons of sustainable aviation fuels.
Commercial, residential properties worth $550m up for sale
The properties are up for public tender until 5 July at noon.
Hong Kong will see rise in demand for medical real estate—here's why
CBRE reported the need for an additional 1 million sq. ft. for medical centres.
Work-life balance beats salary as top employee demand
Over 6 in 10 workers want jobs with work-life balance.
More consumers say unmanned stores safer to visit
Reduced human interaction was a key safety benefit.
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.  

Exclusives

Financial Services Prepare to go cashless or pay the price
One in three consumers will abandon a purchase if they cannot pay for it digitally.
Insurance Time for a comeback? Hong Kong’s top 50 insurers show a 9.75% surge in assets
Health and wellness products still remain a priority for the industry.
Residential Rent control bill aims to bury abusive ‘coffin home’ landlords
A ban on rent hikes in the first 2 years and caps on increases after that have landlords worried.
HR & Education Competing for the best talent in Hong Kong’s shrinking talent pool
About 85% of employers are concerned about the talent shortage.
Retail Should Hong Kong’s brick-and-mortar retailers ride the e-commerce wave?
Surprisingly, retailers will need to cater more to the 62.1% of Hong Kongers who prefer to shop in-store.
Building & Engineering Israel and Hong Kong forge fertile business bonds
The Head of Economic and Commercial Mission for the Consulate General of Israel says several of its companies are keen on entering the Hong Kong market.
Commercial Property How Hong Kong’s real estate scene will fare in agents’ eyes
Residential prices, as well as retail and office rents, will likely grow in 2022.

Join the Hong Kong Business community