In Focus
Failure to plug talent shortage could cost Hong Kong $1.73t in lost potential revenue
Failure to plug talent shortage could cost Hong Kong $1.73t in lost potential revenue
The city’s competitiveness could be easily eroded within a decade if companies do not act soon.
IPO boom buoys short-lived HKD rally
Once the fund raising dies down, the HKD will plunge again and prompt HKMA intervention.
F&B sector battered by exits in 2017
A flurry of restaurants caved under mounting competition from international brands.
Investors turn to prime property as trade war threat dims outlook for other assets
The economic uncertainty has actually resulted in a positive development for Hong Kong’s real estate sector.
Commercial real estate transaction volumes plunged 64% to $37.1b in Q1 as Chinese investors retreat
China Energy Reserve & Chemicals Group pulled out of a deal to acquire Li Ka-Shing's The Center in Central.
Chinese TMT companies zero in on Hong Kong for public debuts
Their combined IPO proceeds accounted for more than half of total proceeds at $32.11b.
Fintech boom hampered by Hong Kong's small population
Despite optimum business conditions and strong mobile penetration rates, Hong Kong's small population is halting the adoption of various technologies.
Hong Kong bourse still loses to New York in IPO funds raised in Q1
Total funds raised hit $24.4b which is nearly a quarter of NYSE's overall IPO proceeds.
Temp work booms as employers move to slash hiring costs
Six in 10 recruiters are opting for such temporary hiring strategies.
Hong Kong loses to Singapore as top APAC location for startups
Business costs are more expensive in the Asian financial centre than the lion city.
Hong Kong amongst economies most vulnerable to banking crisis
The Asian financial centre has one of the worst credit-to-GDP gaps globally.
Hong Kongers prefer mobile wallets despite glitches over call centres and OTC banking
They welcome the convenience and all-day accessibility of digital alternatives.
Slashed tax duties but no cash handouts for Hong Kong despite staggering surplus
The budget address disappointed residents waiting for a repeat of the 2011 handout scheme.
Hong Kong loans grew 16% in 2017 amidst soaring property prices
It posts one of the largest loan growth in Asia, easily beating Singapore, Thailand, Indonesia and Malaysia.
Hong Kong to eat Shenzen's dust by 2018
Slowing trade and high labour costs is dragging Hong Kong’s competitiveness.
Hong Kong banks bust out the chatbots
Digital savvy clients may soon prefer to interact more with chatbots.
Hong Kong scores top Asian fintech investment as China's unicorns take a break
WeLab’s $220m series B funding round has some big-time backers including Alibaba.
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