Hong Kong
Hong Kong economy to slow to 3.2% in 2019: IMF
Hong Kong economy to slow to 3.2% in 2019: IMF
The subdued growth forecast is tied to the slowdown in Mainland China.
Government to unveil nine city centres for nationwide smart ID replacement
It will be rolled out by the end of 2018.
Tech talent scheme to launch in June
It aims to accelerate the admission of overseas and Mainland R&D talent.
Central bank paves way for fintech application in lending
Instead of collecting income proof assessing creditworthiness, banks may use big data and other fintech.
Failure to plug talent shortage could cost Hong Kong $1.73t in lost potential revenue
The city’s competitiveness could be easily eroded within a decade if companies do not act soon.
Loan growth extends climb after rising 15% in March
This represents the fourteenth consecutive month of double-digit annual growth.
Ping An widely anticipated debut fails to live up to the hype
The company plummeted by as much as 11% to trade below the low end of the range.
Short term restaurant activity rises as total receipts hit $30.5b in Q1
Thanks to strong performance from Chinese and fast food shops.
Bank disclosure amendments gazetted
It aims to enhance transparency requirements in compliance with Basel standards.
Property sales up 36.3% to $77.8b in April
Residential units accounted for three quarters of the monthly sales.
PMI plunges to 49.1 in April amidst slower sales and output
The latest reading represents the weakest showing in nine months.
Government mulls tax on vacant properties to boost home supply
Home ownership in Hong Kong has plunged to alarmingly low levels.
Retail sales value up 11.4% to $39.8b in March
Sales of jewellery, watches, clocks and valuable gifts led the charge.
Government surplus hits $148.9b as of end-March
Thanks to high profits tax, stamp duties and land premiums.
Is the end near for Hong Kong's red hot property market?
A looming prime rate hike is set to dampen housing demand.
IPO boom buoys short-lived HKD rally
Once the fund raising dies down, the HKD will plunge again and prompt HKMA intervention.
Tax revenue up 13% to $328.6b for 2017-18 amidst higher stamp duty receipts
The number of property transactions rose alongside prices.
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