Hong Kong
Restaurant activity picks up as total receipts hit $28.8b in Q2
Restaurant activity picks up as total receipts hit $28.8b in Q2
The total value of bar sales outpaced that of Chinese restaurants.
Hong Kong insurance sector taps on rattled Chinese market
New business premiums from Mainland clients hit $11.8b in Q1.
PMI hits 48.2 in July as trade jitters shake markets
Business sentiment plunged to a near two-year low.
Ocean Park hotel set for October launch as part of tourism drive
A water park will also be completed by the end of the year.
Hong Kong eyes tie-up with Guangdong and Macau to sustain tourism recovery
The move comes amidst threats of the falling yuan and heating trade tensions.
Hong Kong's first pre-profit biotech float Ascletis closes flat on debut
It sold 224 million shares with an IPO priced at the middle end.
Hong Kong beats US and UK as top destination for Chinese property capital
Transaction volume surged 155% to US$3.4b in April-June.
China Tower raises US$6.9b in another lacklustre debut
It sold 43.1 billion shares after pricing its IPO at the low end.
Retail sales hit double digit growth for fifth straight month in June
Sales rose 12% to $37.8b.
Tourist arrivals up 12.8% to 4.74m in June
Rising number of Mainland visitors offset softening tourism from rest of Asia.
Age matters: Nearly 9 in 10 employees prefer older managers
Workers believe managers treat colleagues from various ages differently.
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
IPO loans boost bank lending by 0.9% in June
IPO loans were estimated at $15.3b.
Will rents take charge of Hong Kong's property market as home prices slow?
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Approved mortgage loans down 4.8% to $40.6b in June
However, the number of applications continued to rise to 14,579.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
A number of job losses freed up home stock.
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