Hong Kong
SMEs hit by triple business squeeze
SMEs hit by triple business squeeze
Survey shows outbound spending and higher expenses continue to pressure earnings.
Hong Kong shoppers resist AI payments despite 74% adoption
Nearly one in two shoppers remain hesitant to let AI complete purchases after approval.
Investors can now pay stamp duty in RMB
It is expected to increase the RMB counter’s turnover and liquidity.
Hong Kong ranks 4th globally in luxury lifestyle costs
The city remains Asia-Pacific’s second-most expensive market for high-net-worth individuals, behind Singapore.
Loan market shrinks 22% in H1 as firms turn to bilateral deals
Market raised $323.89b as cheaper funding options gained traction.
Kwai Chung workshop offered at $60m after 32% price cut
The drive-in workshop offers immediate occupation with EV charging.
Hong Kong trails Asia in trade credit use at 39%
Manufacturing firms across Asia drive the same bad debt pattern.
FSTB rolls out gold clearing pilot with Shanghai link
This forms part of a full-chain gold trading ecosystem.
Institutional investors widen RMB use, prefer offshore markets, HSBC say
Three in four investors expect investment use of the currency to increase.
Real estate recovery gains momentum, Savills says
Asset repricing and conversion opportunities are drawing capital back into the market.
Property market extends recovery in Q2
Office leasing, retail activity, and industrial demand improved, whilst luxury home prices stayed resilient.
Hong Kong starts trial operations for new gold clearing system
The initiative could strengthen the city’s role as a regional gold clearing hub and offshore renminbi centre.
Brands face trust crisis as 61% of consumers walk away
Almost all consumers take punitive action once they doubt a brand’s claims.
Office market snaps back with best rents in 15 years
Vacancy in Central fell to 8.8% by the end of June.
Lower land premiums seen as developer caution persists
Fewer successful tenders are expected despite continued demand for selected projects.
Stock recovery hinges on China’s economic rebound, CGSI says
Export strength alone will not sustain gains without wider economic improvement in China.
Businesses target ASEAN, Mainland China amidst sentiment dip
Almost 80% plan overseas expansion over the next three years.
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