Hong Kong

Citi to hire 300 new relationship managers for Hong Kong wealth arm

The bank has outlined bold plans to triple its client numbers and double assers under management by 2025.

Hong Kong imposes two-week ban on flights from Covid hot spots

Travellers from India, Pakistan, and the Philippines will be prohibited from entering the City.

Cathay Pacific's passenger traffic plunged 98%

Quarantine restrictions in Hong Kong reduced its capacity during the first quarter.

Scoot, Vistara, Cathay Pacific flights suspended

More flights from Manila, Singapore and Mumbai have been suspended to prevent the spread of COVID-19.

Industrial property rebounds with 809 transactions in Q1

The majority of the transactions in Q1 were worth up to $10m.

ESR snaps up Blackstone's $3.91b Milestone Portfolio

The portfolio contains 45 industrial real estate assets in Australia.

Market Update: HSI ends week up by 0.61%

The Hang Seng Index (HSI) closed the week up by 176.57 points or 0.61% at 28,969.71. This was due to a strong growth in gross domestic product, which signals continued recovery for China’s economy.

Hong Kong's "very high net worth" population falls by 5.4%

The city is still amongst the top 10 territories with the wealthiest populations.

Online consumers are on the rise, but spending has dropped

The majority of consumers use online shopping to buy daily necessities, clothes and footwear.

Hong Kong tightens airport arrival measures

This comes as the City records more than 100 imported COVID-19 cases over the past fortnight.

Optimas Capital Limited fined $1.05m over errors in short position reports

The errors occurred because of a programming mistake, the company says.

Local trading rebounds 32.5% in Q1, 2021

This is amidst GDP growth in economies and control of local virus situations.

Patek Philippe presents a bouquet of technical and aesthetic debuts

The manufacturer is adding a brand-new perpetual calendar with an original in-line display to its rich range of calendar watches.

What does it really cost expats to live in Hong Kong?

Hong Kong is still the most expensive location for expats, despite wide-ranging drops in residential property rents over the last year.