Hong Kong
Jobless rate dipped to 6.1% in May-July
Jobless rate dipped to 6.1% in May-July
It eased in the information and communication, professional and business services sector.
HKMA relaxes mortgage loan measures on non-residential properties
The adjustment takes effect from 20 August.
Credit card receivables up 0.2% in Q2
The combined delinquent and rescheduled ratio rose slightly to 0.47%.
HKB Management Excellence Awards 2020 is now open for nominations
Entries will be accepted until 16 October 2020.
GDP shrinks 9% in Q2
Private consumption expenditure fell 14.2% during the period.
SHINEWING (HK) CPA Limited's Andy Wong talks about Hong Kong as a financial hub
Andy believes that Hong Kong will serve as a gateway for businesses to tap into the global capital market.
Export volume down 6.2% in H1
Total exports continued to decline for the fourth-straight month in June.
Cathay Pacific records $9.87b loss for H1
The airlines’ passenger business does not expect to make a recovery for some time.
Chinese renewable firms move away from Hong Kong bourse
Relisting in China could allow a better mix of debt and equity funding.
95% of new office lettings in June occurred outside Central area
International brands, such as IWG and MUJI, are increasingly flocking to new areas.
InvestHK floats fast-track fintech programme
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Hong Kong crisis deals $59.68b blow to property tycoons
CK Asset, Wharf and Sun Hung Kai are some of the property firms that took a big hit.
Businesses spearhead fintech usage in Hong Kong
40% reported heavy usage of digital payments.
PMI further contracted to 44.5 in July: IHS Markit
New orders, input prices and business confidence deteriorated at a quicker rate.
WeLab Bank rolls out in Hong Kong
Clients can open an account in five minutes.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Residential sales to drop as third COVID-19 wave persists
New residential projects scheduled for sale are also likely to be further postponed.
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