Hong Kong
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of closer ties.
Exports up 15.9% to $351.4b in May
Trade volumes to Singapore and Malaysia surged 43%.
Workers rejoice: average wage rate up 1.2% in March
Payroll per person also inched up 1.3%.
Insurer FWD mulls Hong Kong IPO
Strategic acquisitions in the past five years have strengthened FWD’s foothold.
Singapore is cheaper for expats than Hong Kong
A liter of gasoline, unleaded 95 octane costs the most in Hong Kong at $15 (US$2).
Citi joins Hong Kong's chatbot race with planned Facebook Messenger chatbot
Customers will soon be able to check account balance via the messaging app.
AlipayHK launches blockchain cross-border remittance service
The firm is tying up with Philippine-based micropayment service GCash.
Recovering tourism breathes life into retail as sales expected to hit $484b in 2018
Sustained growth may buoy the market to exceed the 2013 peak in two years time.
Office vacancy rates tighten to 4.3% in May
Co-working operators from the Mainland continued to snap up office space.
Vacant residential tax to dampen developers' land bidding
The levy is expected to be focused on newly built units.
Meituan Dianping hit by massive $22.79b loss ahead of blockbuster IPO
Ballooning market and research spending hit Meituan in its attempts to diversify.
Hong Kong could break into the top three IPO destinations by year-end
Total fundraising proceeds could hit $250b.
Public rental housing supply pegged at 34,800 for 2018-19
Of this number, 23,100 new flats and 11,700 refurbished flats will be available.
China Renaissance reportedly guns for US$800m in Hong Kong IPO
The investment bank is aiming for a valuation between US$4b to US$5b.
F&B sector remains hardest hit by private sector vacancies in March
There were a total of 12,030 vacancies.
1 week left to nominate for the Listed Companies Awards, International Business Awards and National Business Awards
Entries will be judged by representatives from the city's top accounting firms.
Hong Kong is 6th safest city in the world
It climbed from 14th place in 2017.
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