Hong Kong
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Earnings were boosted by net fee and commission income growth.
Public housing rents set for three new estates
Nearly half of the available flats go for below $2,500 monthly.
Hong Kong urged to develop GBA blockchain and e-invoicing standard
This will enable faster cross-border fund transfers.
Government unveils extensive map and land survey platform
The Hong Kong Map Service 2.0 has digital versions of land survey records.
Has Meituan lured Tencent to its mega US$4b IPO?
The Chinese tech titan is said to be buying US$400m of stock.
Hong Kong unveils first unmanned warehouse at Science Park
RobEx offers express courier and self-service storage.
Over 3,000 nano flats to be completed until 2020 as residents squeeze into smaller homes
The nano flat supply is 35% higher than 2015-2017, indicating strong market takeup.
Exports recover after surging 10% to $359.1b in July
This comes from a mere 3.3% export growth in June.
Currency peg defense pushes aggregate balance down to $91b
The central bank is expected to make purchases that will drain liquidity further.
HKIA passenger traffic soars for sixth straight month at 6.7 million in July
Local resident travel boosted monthly air passenger volumes.
Soaring home prices push millennials to illegally settle in industrial buildings
An estimated 12,000 residents lived in such buildings in 2016.
Crypto mining firms test their sustainability in Hong Kong IPOs
Bitmain, Canaan and Ebang’s flotations will determine the sustainability of their tech.
Hong Kong inks 15 agreements with Shanghai to boost growth
The deals aim to spur cooperation in legal, cultural, tech, education and finance.
Hong Kong-Shanghai bond connect implements delivery versus payment system
Bond payments are due at the time of delivery.
Shopping mall supply to hit 13-year high in 2019
There are nearly 2 million sqft in the pipeline.
Over 3,000 students to receive up to $72,800 in educational subsidies
It's part of the Study Subsidy Scheme for Designated Professions/Sectors.
SFC slaps $2m fine on HPI Forex Limited
The company used client money to conduct proprietary transactions.
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