Hong Kong Business

Savills Hong Kong, Inspace XR partner for interactive 3D model use in real estate
The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects.
Foreign currency reserves down to US$441.7b in July
This is over US$5m lower from the preceding month.
Cathay Pacific to avoid designated airspace zones in Taiwan: report
This comes at the back of China’s recent live-fire military drills.
CK Hutchison profit climbs 4% in H1 2022
Its profit stood at $19.08b.
ShopBack to expand footprint to Hong Kong on 8 August
Over 250 merchants in Hong Kong have onboarded ShopBack.
Consumption vouchers to be disbursed to 6.36 million people
They will receive the first instalment on 7 August.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
Property at Sun Chun Street up for public auction
The property has a reserve price of $588.7m.
Total restaurant receipts down 5.5% in Q2 22
A government spokesman said business improved visibly.
Property sales drop 49.8% YoY in July
There were only 4,997 units sold during the month.
Hong Kong retail sales likely to reach $370b in 2022
This reflected a 5% year-on-year growth.
HSBC to meet Hong Kong retail investors after spurning break up call
This comes a day after HSBC promised higher dividends.

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Exclusives

Exclusives

Retail SleekFlow allows online sellers to offer checkout on social media chat boxes
Through its One Click Checkout feature, consumers do not need to visit a third-party website to complete their purchase.
HK aims to regain crown as favoured arbitration hub with outcome-related fee structure bill
Under the arrangement, lawyers can make more if their case succeeds.
Information Technology A new canvas: Why artists are jumping into the NFT space
Entering the digital space allows an artist to earn more through royalties each time their art sells.
One chat away: Conversational commerce levels the playing field for brands online
Leaving consumers with unanswered queries can result in $2m missed revenue per day. 
Information Technology How Coherent turns Excel sheets into improved business systems with a single click
It frees companies from 95% of the costs incurred from the manual spreadsheet-to-API conversion.
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.

Top News

Savills Hong Kong, Inspace XR partner for interactive 3D model use in real estate
The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects.
Foreign currency reserves down to US$441.7b in July
This is over US$5m lower from the preceding month.
Cathay Pacific to avoid designated airspace zones in Taiwan: report
This comes at the back of China’s recent live-fire military drills.
CK Hutchison profit climbs 4% in H1 2022
Its profit stood at $19.08b.
ShopBack to expand footprint to Hong Kong on 8 August
Over 250 merchants in Hong Kong have onboarded ShopBack.
Consumption vouchers to be disbursed to 6.36 million people
They will receive the first instalment on 7 August.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
Property at Sun Chun Street up for public auction
The property has a reserve price of $588.7m.
Total restaurant receipts down 5.5% in Q2 22
A government spokesman said business improved visibly.
Property sales drop 49.8% YoY in July
There were only 4,997 units sold during the month.
Hong Kong retail sales likely to reach $370b in 2022
This reflected a 5% year-on-year growth.
HSBC to meet Hong Kong retail investors after spurning break up call
This comes a day after HSBC promised higher dividends.

Exclusives

Retail SleekFlow allows online sellers to offer checkout on social media chat boxes
Through its One Click Checkout feature, consumers do not need to visit a third-party website to complete their purchase.
HK aims to regain crown as favoured arbitration hub with outcome-related fee structure bill
Under the arrangement, lawyers can make more if their case succeeds.
Information Technology A new canvas: Why artists are jumping into the NFT space
Entering the digital space allows an artist to earn more through royalties each time their art sells.
One chat away: Conversational commerce levels the playing field for brands online
Leaving consumers with unanswered queries can result in $2m missed revenue per day. 
Information Technology How Coherent turns Excel sheets into improved business systems with a single click
It frees companies from 95% of the costs incurred from the manual spreadsheet-to-API conversion.
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.

Join the Hong Kong Business community