Hong Kong

Viva Biotech Holdings raises US$194m in Hong Kong's hottest biotech float

The drug discovery platform attracted retail orders for about 107 times the shares initially available.

Chinese AI startup Megvii Technology clinches US$750m ahead of Hong Kong IPO

The latest funding round puts the value of the company at around US$4b.

Is Hong Kong ready to embrace AI?

Its lack of investments in an AI-enabled workforce and analytics infrastructure is weighing on its ambitions.

Hong Kong remains the priciest Asian city to build in: study

Its low technology adoption rate is driving up construction costs.

Urban Renewal Authority unveils building rehabilitation platform

It will provide information and technical support on redeveloping sites to building owners.

3 in 5 Hong Kongers prioritise data security over fast banking

Only 47% cited quick and easy banking as their top priority.

Restaurant receipts rose 3% to $31.5b in Q1

Non-Chinese restaurants saw $9.58m in receipts.

Hong Kong GDP growth to recover after bottoming out in Q1

Private consumption and investment growth will prop up the struggling economy.

HKMA unveils measures to promote green finance development

HKMA is setting up a centre for green finance.

GBA to boost office demand

Demand will continue to come from companies in the financial sector.

Posh home sales to rise as China's ultra-rich boost demand

Demand for luxury properties may manifest in New Territories and Tung Chung.

Hong Kong to cement top position as world's busiest cargo port under GBA plan

Cargo throughput is set to rise to 9 million tonnes by 2030.

Here's why Hong Kong employees are being demoted

Poor performance is not the only reason.

What omnichannel demands from Hong Kong retailers in 2019

There is an uncertainty in the retail landscape with wildly differing views on where 2019 is headed, as leading economists are writing off 2019 as a bad year for retail whilst other reports stated that retail improved between December and January due only to seasonal factors.

Hong Kong bank loans up 1.1% in March

Loans for use inside Hong Kong rose by 1.2%.