In Focus

China reopening to lift Hong Kong banks’ earnings: Fitch

China reopening to lift Hong Kong banks’ earnings: Fitch

Fitch Ratings expect higher net interest income and NIM.

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Hong Kong's Hottest Startups of 2023

Startups with "disruptive applications in the Web 3.0 space" dominate.

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Experts rally for change in legal industry’s ‘billable system’

A report from UC Hastings College of the Law stated that "a most-hours-wins system disproportionately disadvantages women partners.”

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Why positive recruitment experience matters

Four in 10 would decline a good offer due to unprofessional selection process.

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Hong Kong risks narrowing fiscal buffers amidst ‘sizeable’ spending plan

The city’s deficit is expected to remain wide for a longer period.

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Budget 2023: Gov’t lays out measures to support business

Measures include reducing profits tax for the year of assessment 2022-23 by 100%.

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Cards maintain dominance in Hong Kong's payment landscape

Over nine in 10 consumers use cards as their payment method.

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Hong Kong employers at risk of losing staff in next six months

Unless, they offer higher salaries.

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Residential transaction volume soars by 21.7% in January

Residential units sold during the month stood at 3,051.

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Dealmaking suffered in 2022 with 41% drop

Trading volume reached US$6.7b.

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With luxury site losing appeal, mass residential sites gain traction amongst developers

This as interest in acquiring luxury residential sites declined.

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Should firms continue to offer high pay raises?

Randstad advised that firms should offer alternative benefits.

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Exchange Fund posts investment loss of $202.4b in 2022

It also ended the year with a negative investment return of 4.4%.

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Credit and charge card payments to exceed $800b in 2026

The market is expected to grow at a CAGR of 3.9% between 2022-2026.

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Basic food products cost almost a quarter of Hong Kongers’ minimum wage

Employees earn a minimum of $7,500 net monthly.

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Inflation up 2% in December 2022

Overall CPI rose by 1.8% in the previous month.

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8 investment ideas to achieve affluence in the year of prosperity

Financial experts said active portfolio management is crucial amidst economic uncertainties.

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