Hong Kong

Andy believes that Hong Kong will serve as a gateway for businesses to tap into the global capital market.

Total exports continued to decline for the fourth-straight month in June.

The airlines’ passenger business does not expect to make a recovery for some time.

Relisting in China could allow a better mix of debt and equity funding.

International brands, such as IWG and MUJI, are increasingly flocking to new areas.

Up to 90 firms could get funding and partnership opportunities with large corporates and investors.

CK Asset, Wharf and Sun Hung Kai are some of the property firms that took a big hit.

40% reported heavy usage of digital payments.

New orders, input prices and business confidence deteriorated at a quicker rate.

Clients can open an account in five minutes.

The declines narrowed from Q1 as social distancing measures eased.

New residential projects scheduled for sale are also likely to be further postponed.

Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.

It spans about 22,608 sqm and is designated for private residential purposes.

The decline softened as the local epidemic abated during the month.

We have no idea of when the COVID-19 will end. People called it the third wave. Given COVID-19’s ferocity, rampant speed and potential to return, Hong Kong enterprises should be extremely agile and explore new ways to continue running the businesses. Fluid as the situation is, traditional businesses might not survive if they do nothing but merely wait for economic recovery.