Hong Kong
Inflation jumps 1.9% for fourth straight month in April
Inflation jumps 1.9% for fourth straight month in April
Prices for food and basic utilities like electricity, gas and water continue to rise.
Millennials are jostling for space in Hong Kong's property ladder
A third (34%) of mortgage applicants in 2H2017 were millennials born from 1980 to 1994.
Flexible working spaces in Hong Kong doubled in past three years
There are more than 50 operators covering over 1m sq ft in land area.
Insurance tax bill gazetted
It enables a tax deduction for residents buying health insurance under the VHIS.
Property developer to default on dollar bonds amidst rising borrowing costs
Hsin Chong Group’s inability to pay its debt mimics Noble Group's insolvency situation.
Citigroup fined $57m for IPO sponsor failures
The SFC slammed Citi’s ‘inadequate and substandard’ due diligence work on Real Gold’s flotation.
Will Hong Kong's shopping boom meet another devastating end?
The recent surge in retail sales may not even last for the second half of 2018.
Unemployment dips to 2.8% in February-April
Higher employment in the education sector kept the job market tight.
Seven in 10 Hong Kongers abandon dream jobs with drawn out applications
Almost 90% believe that a reasonable waiting period for feedback is up to one month.
Tax amendment bill passed
It aims to implement tax measures proposed in the 2018/19 budget speech.
HKMA purchases $9.5b in HKD to defend flailing currency peg
The central bank has spent a total of $62.41b to protect its currency system.
Can back-to-back blockbuster IPOs live up to the hype?
Despite being oversubscribed, shares of tech startups have struggled to deliver on their promise.
Embattled Hong Kong hotels brighten up on tourism
Declining tourist arrivals almost pushed Henderson Land to exit the Hong Kong hotel scene.
Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b
The purchase represents the most expensive land sold by lump price.
Bitcoin mining hardware firm files for $1b IPO in Hong Kong's first cryptocurrency flotation
Canaan Inc accounts for about 15% of the global bitcoin mining chip market.
How can property developers cash in on the eSports boom?
Purpose-built establishments are being constructed to cater to the global competitive gaming market and Hong Kong is no exception.
Hang Seng Bank rolls out AI chatbot for business banking
The virtual assistant BERI will be available on the bank’s website and mobile app.
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