In Focus
What the Anti-sanctions Law could mean for Hong Kong?
What the Anti-sanctions Law could mean for Hong Kong?
The city’s status as a financial hub amongst others must be considered upon its implementation.
Hong Kong’s property investments recover but still below pre-COVID level
Real estate investment volume climbed 79% in the second quarter.
Cathay Pacific logs $7.6b loss in H1 amidst COVID-19
The loss is lower than the S$9.9b loss recorded in the first half of 2020.
Hong Kong’s recovery likely to remain moderate, gradual in H2
The strict COVID-19 measures are expected to dampen the city’s economic growth.
‘More aggressive’ Hong Kong investors expect a return of 11.4%
This is a new high, according to Schroders Global Investor Study.
Business receipts up nearly 10% ending eight quarters of decline
This is thanks to the contained epidemic situation, as well as Hong Kong’s economic recovery.
Retail sales up 5.8% in June but below expectations
This was likely driven by continuing social distancing measures.
Hong Kong’s economic growth slows down as border control remains
The city’s GDP expanded by 7.5% in the second quarter from 7.9% previously.
Over 50% see home prices to climb in coming year
The growing confidence could be triggered by the improving pandemic situation.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
Exports grow 'strongly' by over 30% to $406.6b in June
The recent surge, however, may dampen recovery in some markets.
HK’s wealth management business growth may attract China’s onshore investors
Onshore investors from China currently accounts for 10% of the asset and wealth management business in 2020.
Hong Kong’s economy likely to grow 9.8% in Q2: MS
This is thanks to a low base year and growing external demand.
Jobless rate drops to 5.5% in June as economy rebounds
This is the fourth consecutive month that the unemployment rate declined.
More Hong Kong businesses optimistic for Q3: Survey
Around 17% expect the situation to improve against 11% that expect otherwise.
Recovery in property market likely to remain uneven in H2
The Grade A office market is seen to record a net withdrawal in the second half.
2 in 5 Hong Kongers are more productive at home: report
This is the highest in the region.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong