Hong Kong
Hong Kong inks fintech cooperation deal with Brazil
Hong Kong inks fintech cooperation deal with Brazil
The two central banks will share information and lead joint innovation projects.
Accommodation and retail sectors lead Q2 charge in business receipts
They booked double-digit growth at 16.5% and 12.4% respectively.
Hong Kong banks struggle to plug tech talent shortage
Engineers and developers are all in short supply.
Hang Seng Bank launches all-in-one payment collection service for merchants
Merchants may soon accept several payment methods through one integrated point-of-sale terminal.
Retailers scramble to cash in on bubble tea craze
Their strong sales volume have endeared them as the new darling of shopping malls.
Hong Kong mulls tighter curbs on foreign home purchases
Non-local buyers took up over 10% of total transactions in Q1.
Hong Kong opens doors to first unmanned shops
AlipayHK and Okashiland both unveiled stores on a trial basis.
FrieslandCampina Hong Kong received the HKB International Business Awards for Health Products & Service
FCHK's dairy products enjoy strong patronage from mothers due to its commitment to quality and nutrition.
Hong Kong dislodges New York as home to the largest ultra-rich population in the world
There are around 10,010 people in the SAR with a net worth of over $30m in 2017.
Number of mortgage accounts up 7.6% to 532,000 in Q2
The number of mortgage inquiries also hit a three-year high.
Tycoons cash in on strata office market as deals hit US$3.8b in H1
The deal volume already beat the full-year record from 2017.
Total port cargo throughput down 5.2% to 66.1 million tonnes in Q2
Blame double-digit declines in inward port cargo to SIngapore and Japan.
Atradius Hong Kong pockets the HKB International Business Award for Insurance Technology
Atradius joins Fintech wave with new digital platform where credit limits are approved in minutes with just a few clicks.
Millennials drive credit card growth as average balance hits $39,000 in Q2
They hold a fourth of the city’s total card balances.
Three quarters of Hong Kong bosses open to foreign IT hires
Nearly half plan to offer attractive lifestyle packages to lure top talent.
Meituan Dianping's January-April losses nearly triples ahead of mega IPO
The company booked $26.2b loss in the first four months of 2018.
PMI hits 48.5 in August as demand dries up
Business confidence plunged to a near two-year low.
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