In Focus
In-store vs online shopping: Which do Hong Kongers prefer?
In-store vs online shopping: Which do Hong Kongers prefer?
Consumers cite three different reasons for their preference.
Buying vs renting: Which do Hong Kongers prefer?
In the next two years, 35% of locals plan to move.
HK’s wealthy to grow annually by an average of 3.3% between 2022-2026
The city’s affluent population accounted for 56.7% of its total population in 2021.
HKEX rolls out HKD-Renminbi dual counter model
It will ease listing, trading, and settlement of RMB counters in Hong Kong.
Hong Kong may be hit by longer fiscal deficits
An analyst sees weaker growth and high government spending for longer.
Hong Kong employees expect 10-15% salary increase when switching jobs: Randstad
Some expect a salary raise of between 15% and 20%.
Only 2 in 10 middle-managers, junior workers say expectations are being met at work
A survey showed a disconnect between senior leaders and junior managers.
Specialist tech firms to gain major boost in Hong Kong thanks to proposed listing rules
The new regime exempts firms from existing financial eligibility tests under the Listing Rules.
Hong Kongers trust ‘Big Tech’ more than banks for banking services: survey
86% said they trust big tech as much as or more than banks.
New completions raise Grade A office vacancy rate to 11%: JLL
The completion of Two Taikoo Place contributed to the vacancy rate.
Hungry for money: 6 in 10 millennials will work more to increase their wealth
They are even willing to compromise their relations to maximise their riches.
Under pressure: 3 major worries that keep CEOs awake at night
Some CEOs have planned to resign from their post amidst mounting pressure.
What are the best expansion strategies for F&B operators?
CBRE said operators should consider two areas.
Hotel performance improves in first 8 months: Knight Frank
This is due to the rebound of tourist arrivals by 234% YoY.
Is now a good time to buy properties? 16% of Hongkongers think so
However, only a few are interested in buying a property.
More Chinese, HK next gens set up ventures outside of family businesses
PwC said 20% of Hong Kong NextGens have their own businesses.
More than 80% see sustainability as a core strategy of organisations
They also say that their leadership teams care about sustainability and climate change.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong