Hong Kong
Poverty rate rises to 20.4% in 2019
Poverty rate rises to 20.4% in 2019
This was blamed on the accelerating number of ageing citizens.
Investors' retirement savings withdrawal rate unsustainable: Schroders
The rate of 8.9% could deplete their savings in a decade.
Index of industrial production for manufacturing up 0.4% in Q3
This was driven by a rise in output volumes in the food, beverages, and tobacco industry.
Over half of residents not keen on buying a property in Q3
Six in 10 find it a bad time to purchase a home right now.
GDP down 0.5% in Q3
This amounts to $722.8b, whilst GNY fell to $764.1b.
Value of construction works down 3% to $58.4b in Q3
Value of work at public sector sites fell to $15.5b.
Rents for five new public housing blocks set at $85.5 psm
This meant that 36% of the flats can be rented below $2,500 monthly.
CityU, Deloitte and FORMS to develop blockchain-based credential ledger system
It can be used to verify the qualification of job candidates.
Hong Kong is Asia's third costliest expat city
The recession has yet to hit on the cost of living in the city.
Exports to Mainland down 9.2% to $150.6b in Q3
This accounts for 25.6% of the total exports.
Check out the brands hit hardest Hong Kong's social unrest
Xiaomi is one of the hardest hit brands as its metric scores fell.
Accommodation industry's business receipts fell 19.1% in Q3
Business receipts declined across nine industries.
1 in 20 firms fully disclosed environmental targets in 2019
The percentage of firms who have set goals for ESG declined to 15%.
PMI plunges to 15-year low in November
Business sentiment was also at its lowest since 2012.
Spooked investors back long-term debt as default and recession risks rise
Approximately $3.2t in Chinese debt is poised to mature by 2023, spelling trouble for Hong Kong.
Expats keep options open as protests dent ‘world city' appeal
Foreigners may turn to destinations like Singapore, Indonesia and Vietnam in light of increasing unrest.
Hotels and shops take heavy beating as protests reverberate across Hong Kong
In August alone, tourist arrivals plunged 40% in its sharpest decline since the 2003 SARS crisis.
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