In Focus
Around 7 in 10 restaurants confident about the F&B sector outlook for Q2
Around 7 in 10 restaurants confident about the F&B sector outlook for Q2
Business satisfaction rose to 6.5 from 6.1 in Q4 2022.
New bill slashes transaction costs for Hong Kong market makers
The government gazetted a bill waiving stamp duty payable on certain transactions relating to dual-counter stock.
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
How brands can create a trustworthy and secure platform for consumers
The majority of Hong Kongers said they have more trust if brands are verified.
Retail sales value in January grew 7% YoY
The total value is at $36.2b driven by the return of tourists.
Demand for co-working spaces went up in February
Knight Frank said the volume of new letting sales doubled in Kowloon.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
Mainland tourists could drive Hong Kong’s retail market growth up
Growth in the retail market could reach 25% or pre-pandemic levels.
What can lead Hong Kong’s economy to rebound
Economists predict economic growth of 3.5%-4.0% for Hong Kong.
Exports value drops 8.8% YoY to $286.2b in February
The weak external environment contributed to the decrease.
Digitally-skilled employees can boost HK’s annual GDP by US$47.5b: study
Those with advanced digital skills can contribute about US$5.4b.
Outstanding credit card balances went up 7.3% YoY in Q4 22
It indicates that consumers are reengaged to the market.
Hong Kong is Asia’s most expensive business travel destination
Globally, the market is 16th priciest for business concerns.
4 actions HK can take to grow its I&T industry
Under the HK I&T Development Blueprint, the city plans to grow the industry by 5% in 5 years.
Why GBA consumers invest in Hong Kong
Most (78%) cite higher returns than on the Mainland.
How Hong Kong can remain a shopping destination for GBA travellers
Survey reveals 10%-15% of GBA travellers will spend less in HK in the next 3 years.
China reopening to lift Hong Kong banks’ earnings: Fitch
Fitch Ratings expect higher net interest income and NIM.
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