Hong Kong
Hong Kong stock exchange operator profit surges 44% to $5.04b in H1
Hong Kong stock exchange operator profit surges 44% to $5.04b in H1
Record revenues from trading and jumbo listings boosted HKEX half-year earnings.
Chinese tech firm Bytedance eyes US$3b in funding before jumbo Hong Kong IPO
It would put the firm in prime position to be the world's second largest unicorn.
Asian fintech funding skyrocketed 740% to US$16.8b in H1
Thanks to the US$14b funding round by China's Ant Financial.
HKIA passenger traffic up 5.2% to 6.21 million in June
This represents the fifth consecutive month of growth.
Office rents extend climb after rising 2.4% in Q2
Wanchai/Causeway Bay dethroned Central as rental growth driver.
Mainland firms are not letting up on Hong Kong's office market in Q2
They committed to 300,000 sqft in the first half of the year alone.
Bank loan growth may slow to 5% in H2
Trade tensions and higher interest rates are to blame.
Hong Kong raises record US$19.2b in summer IPO haul
Trading volume smashed previous record in 2010.
Health department falls victim to cyberattack
Computers were encrypted by ransomware, leaving some data inaccessible.
Youth employment programme to cover part-timers by September
The maximum on-the-job training allowances for employers will also be raised to $4,000.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
Number of McDonald sleepers balloon sixfold to 337 in past five years
Sky-high rents are amongst the reasons pushing them to stay at the fast food joint.
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.
Read Here
Advertise
Sign Up
Commentary
In the age of AI, creativity is the decisive advantage
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
Why Hong Kong’s retail product reshuffle may favour large suppliers