Hong Kong
Accounting firms brace for IPO boom by hiking wages
Accounting firms brace for IPO boom by hiking wages
Average annual remuneration packages in accounting stands at $817,000.
Neighbourhood malls and flex spaces prop up weakening property market
Lesser-known neighbourhood malls are cashing in from a more stable source of income and product mix.
Business conditions expected to deteriorate in Q4: survey
Retail, food and accommodation sectors expect output and prices to fall.
Hedge fund assets hit all-time high at $722.33b despite unrest
China’s growing economy, highly-trained talent and robust regulatory landscape boosted the figure.
Foreign companies in Hong Kong up 9.9% to 9,040 in 2019
More than 1,500 operates their regional headquarters in the city.
China Mobile Hong Kong wins 3.5GHz spectrum for $300m
The company will build a territory wide 5G network.
Exports down 7.2% in August
Double-digit declines were recorded for import volume from South Korea and China.
Interconnection bandwidth to grow 55% CAGR in 2018-2022
66% of local businesses shared plans to use virtual connections to support overseas expansions.
Prime street shop rents tumbled 15.4% in Q3 as vacancies mount
Retailers are “running out of money” and expired leases were not being renewed.
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Majority of executives struggle to upskill staff for new tech: study
Globally, 78% of business leaders predict an uphill battle in training staff on new tech.
Delivering the Virtual Restaurant of Tomorrow
No waiters, no diners: the food delivery boom is opening new doors for restaurants.
PMI sinks to eleven-year low in Q3
Hong Kong’s economy is contracting at an annual rate of just over 3% in Q3.
Hong Kong is the world's third most competitive economy
It topped macroeconomic stability, health, financial system and product market categories.
HKEX scraps $285.86b bid for London bourse
LSE’s board had unanimously rejected the proposal on 13 September.
Hong Kong faces third-greatest housing bubble risk globally: UBS
It remains the least affordable housing market amongst cities analysed.
Co-working space theDesk opens urban farm at Sheung Wan
A subscription goes for $4,000 every four months.
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Strategic location tips for playgroups and education centres