Hong Kong
Hong Kong delays implementation of global capital rules until 2020
Hong Kong delays implementation of global capital rules until 2020
HKMA cited 'a number of practical implementation questions'.
Property market in a 'dangerous situation': Finance chief Paul Chan
But the financial system is resilient enough to withstand correction.
Total exports value up 4% to $303.1b in May
Re-exports also increased 4% to $299.4b. The value of Hong Kong's total goods exports rose 4% year-on-year in May, while that of goods imports increased 6.6%, the Census & Statistics Department said. The value of goods exports totalled $303.1 billion. Within this total, the value of re-exports increased 4% to $299.4 billion, while the value of domestic exports rose 4.6% to $3.7 billion. The value of goods imports increased 6.6% to $338.8 billion. A visible trade deficit of $35.6 billion, equivalent to 10.5% of the value of goods imports, was recorded. Comparing the three months ending May with the preceding three-month period on a seasonally adjusted basis, the value of total goods exports increased 0.7%. Within this total, the value of re-exports increased 0.7%, while that of domestic exports grew 0.1%. The value of goods imports decreased 2.5%. Noting merchandise exports registered moderate year-on-year growth, the department said exports to major Asian markets continued to provide the main impetus to overall growth that reflected the sustained expansion of regional trading and production activities. Looking ahead, it said the improving global economic situation should continue to be conducive to Asia's and Hong Kong's export performance while the external trading landscape is still overcast by uncertainties arising from the pace of US monetary policy normalisation, Brexit as well as other policy and political developments in the US and Europe.
Hong Kong exporter sentiment jumped to 4-year high
Local exporters are optimistic but still cautious.
Government approves 15 building plans
Four on Hong Kong Island, five in Kowloon and six in the New Territories.
Jobless rate steady at 3.2% from March to May
The underemployment rate also remained unchanged at 1.2%.
Hong Kong's consumer prices up 2%
Inflation pressure should be under control in the near term.
Hong Kong is still the world's priciest office market
London and New York comes after.
This platform connects empty restaurant tables with empty stomachs
Eatigo’s total funding closed at USD 15.5M after Series B.
Here's how Hong Kong plans to win the next Alibaba
HKEX proposes allowing dual-class shares, pre-profit listings.
Hong Kong is suffering medical manpower dearth
Shortage will come in just 10 years' time.
Hong Kong, Indonesia ink tax deal
The move brings the number of Hong Kong's tax data exchange partners to 13.
Eat my digital dust: Hong Kong left behind by Singapore in internet marketing
Singapore rivals are three times more engaged in digital marketing.
Cathay Pacific struggles as passenger yields continue dropping
When will it start stabilising?
Why are Chinese bankers flocking to Hong Kong?
Expats are leaving Hong Kong as Western banks axe jobs.
Wharf T&T changes name to WTT
It also unveiled a new logo.
Hong Kong has the biggest wealth gap in Asia
The wealth of its 10 richest people equals nearly half the economy, says Bloomberg.
Commentary
Why the impact of AI is being underestimated and how it will transform business productivity in Hong Kong
The strategic decarbonisation model for Hong Kong real estate
The survival playbook for the CEO amidst geopolitical conflicts