Hong Kong
Total deposits down 0.8% in February
Total deposits down 0.8% in February
Further decline was offset by high savings and time deposits.
New consumer tech launches fail to gain ground in Hong Kong
Ownership of wearable tech only stands at a dismal 9%.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Retail sales surge 29.8% to $45.2b in February
Consumer spending hit a seasonal high before the Chinese New Year Festival.
Fintech boom hampered by Hong Kong's small population
Despite optimum business conditions and strong mobile penetration rates, Hong Kong's small population is halting the adoption of various technologies.
US-China trade war could cost one in 5 Hong Kong jobs: FS Chan
The trading and logistics industry, which employs over 700,00 people, remains highly vulnerable.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Gaifong offers item rentals online
Items from camping tents to sophisticated gadgets are rented out for $150 a day.
Mortgage loans fall 14.7% to $32.5b in February
Loans for primary transactions plunged18.2% whilst loans for secondary transactions dropped 13.2%.
Housing Authority transfers rates concession to tenants
Maximum total amount is estimated at $2.45b and $50m for domestic and non-domestic licensees.
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
Hong Kong bests New York and Shanghai as it tops IPO activity rankings in Q1
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
Posh home prices up for 20th consecutive month in February
A luxury apartment at the Peak sold for almost $130,000 per sq ft at $590.19m.
Government earmarked $50m for Technology Voucher Programme
It aims to subside the technological solutions of local, non-listed enterprises.
Media firm set for city's strongest mainboard debut after shares balloon 880%
Most Kwai Chung Ltd. is presently valued at $2.2b.
HKIA passenger traffic up 6% to 5.82m in February amidst CNY break
Travellers from the Mainland and Japan took advantage of the long vacation.
Exports up 1.7% to $245.7b in February
Trade outflows to Malaysia and Philippines buoyed monthly figures.
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