Hong Kong
Luxury homes beat year-end slump as high-value sales rise 9.4% in Q4
Luxury homes beat year-end slump as high-value sales rise 9.4% in Q4
This was equivalent to sales of 3,297 luxury residential worth $10m and more.
Total exports up 6% to $360.7b in December
Imports also rose 9% to $420.6b over the same period.
Tencent-backed video sharing startup reportedly planning Hong Kong listing
Kuaisho is currently valued at about US$18b.
Number of GEM stock debuts slashed following small-cap crackdown
New stocks rose 23% on the first trading day, down from 605% for the year through January 2017.
Battered retail sector gains its footing as sales may hit $480b in 2018
The sector is poised for a rebound following a bullish global economic outlook.
How will RMB internationalisation impact Hong Kong's financial industry?
Hong Kong is the largest offshore renminbi market.
7 in 10 Hong Kongers prioritise travel over meals out and beauty treatments
A fourth of the respondents are willing to give up these luxuries to set foot in European cities.
Hong Kong strengthens bilateral financial ties with Switzerland
A total of three MoUs were signed to boost financial cooperation between the two economies.
Tender awarded for Kwun Tong residential site for $3.11m
The 50-year land grant was awarded to Clever Like Limited.
HKEX unveils plans to boost bourse's market infrastructure
The new securities trading system, which will launch in February, can support 60,000 transactions per second.
Poor and small production structure drags Hong Kong's industrial revolution
Despite advances in technology, Hong Kong's production structure ranked 58th out of 100 surveyed economies.
Construction contract in Kai Tak West signed for $6.24b
It will build an underwater tunnel in Kowloon Bay to slash travelling time during peak hours.
Goods exports up 5.6% in November
Total export volume to India and Japan posted the most significant increase.
Prime office rents in Admiralty up 10.9% in December
Rents cost $112.1 psf beating Central to post the largest annual change in office submarkets.
Inflation up 1.7% in December
Blame high prices of fresh vegetables and take away meals.
IMF backs Hong Kong's property cooling approach
However, it notes that the Buyer and the Ad-Valorem Stamp Duty should be replaced.
Home sales down 6.3% to 5,337 in December
However, the luxury sector remained active thanks to the traditional year-end bonus distribution.
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