In Focus
Retail sales value in January grew 7% YoY
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.
Hong Kong's Hottest Startups of 2023
Startups with "disruptive applications in the Web 3.0 space" dominate.
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.”
Why positive recruitment experience matters
Four in 10 would decline a good offer due to unprofessional selection process.
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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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong