News

Tourism recovery boosts half-year hotel performance
20 Aug 18
Citywide occupancy hit 91% in H1.
Office vacancy rates tighten to 3.9% in July
20 Aug 18
Hong Kong East dislodged Central as the district with the lowest vacancy rate at 1.4%.
Hong Kong has slower fixed broadband speed than Singapore
20 Aug 18
The SAR fell to second place with a speed of 145.65 Mbps.
HKMA slaps $5m fine on Shanghai Commercial Bank over money laundering breaches
20 Aug 18
SCOM failed to monitor its relationship with 33 customers with suspicious transactions.
Unemployment rate steady at 2.8% in May-July
20 Aug 18
This translates to around 114,700 unemployed Hong Kongers.
Can China's payment titans crack Hong Kong's mobile wallet market?
17 Aug 18
AlipayHK users have doubled to 1.5 million since March.
Alibaba-backed e-parenting firm eyes $1b Hong Kong IPO
17 Aug 18
Babytree is targeting a valuation of up to US$5b.
Beijing to launch smart cards for Mainland-based Hong Kongers in GBA push
17 Aug 18
Cardholders will enjoy same access to public services as Mainland counterparts.
California embraces Hong Kong market as trade war squeezes export options
17 Aug 18
US cherries sold in the SAR in August were around 10% cheaper than last summer.
Peg defense boosts interbank borrowing costs to two-month peak
17 Aug 18
The HIBOR for a one-month interest period hit 1.38%.
Goldman-backed heart valve startup eyes Hong Kong IPO
16 Aug 18
Venus MedTech is said to be aiming to raise up to US$500m.
Residents expect to fall short of $5m life savings target
16 Aug 18
They expect they can set aside only $3.15m after retirement.
Beijing pitches in for Hong Kong's IT sector upgrade
16 Aug 18
Two state-backed laboratories will be built in the SAR’s science park.
Central bank buys $2.355b to defend weakening currency peg
16 Aug 18
The HKD fell as the greenback gained strength after Turkey’s market turmoil.
Only a third of startups embrace accelerators
15 Aug 18
Firms may be failing to exhaust all available support options.
Coworking operator UCommune eyes Hong Kong IPO to outbid US rival
15 Aug 18
It’s also planning to raise around US$200m in its series D round.
Hong Kong mid-year population up 0.8% to 7.45 million
15 Aug 18
Birth numbers (55,000) outweighed mortality rates (47,300).
Hong Kong is more liveable than Singapore
14 Aug 18
The SAR is at 35th place whilst the Lion City is at 37th.
Hong Kong is the fifth most preferred place for Australian expats
14 Aug 18
There are around 35,000 Australian expats in the SAR.
Waiting time for public housing hits 18-year high
14 Aug 18
It takes residents five years and three months to be allocated a flat.
Tight squeeze: Demand for nano flats doubles in first eight months of 2018
14 Aug 18
Units no larger than 300 sqft compose 12.4% total apartment sales in the city.
Developers deploy discounts to offset mortgage rate hikes
13 Aug 18
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Life annuity scheme subscription hits $4.94b out of $10b limit
13 Aug 18
Average subscription amount was at $525,000.
GDP growth slows to 3.5% in Q2 as trade war eats into exports
13 Aug 18
Around $136b of total exports stand at risk.
Two more Chinese firms jump in on biotech listing fever
13 Aug 18
Kintor and Frontier are amongst those eyeing floats.
Sought-after bank relationship managers demand 30% wage hike
10 Aug 18
The Greater Bay Area project has fuelled demand for such candidates.
Developers bear the fallout of crippling vacancy tax
10 Aug 18
Swire Properties could incur extra costs after a possible misstep.
Exports grind to a halt at 0.7% growth in June
10 Aug 18
The fall comes from a 12.9% expansion in May.
Homeowners to feel pinch as banks hike mortgage rates
9 Aug 18
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Singapore nabbed Asia's fintech crown from Hong Kong in 2017
9 Aug 18
Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.
Hong Kong stock exchange operator profit surges 44% to $5.04b in H1
9 Aug 18
Record revenues from trading and jumbo listings boosted HKEX half-year earnings.
Chinese tech firm Bytedance eyes US$3b in funding before jumbo Hong Kong IPO
9 Aug 18
It would put the firm in prime position to be the world's second largest unicorn.
HKIA passenger traffic up 5.2% to 6.21 million in June
8 Aug 18
This represents the fifth consecutive month of growth.
Office rents extend climb after rising 2.4% in Q2
8 Aug 18
Wanchai/Causeway Bay dethroned Central as rental growth driver.
Bank loan growth may slow to 5% in H2
7 Aug 18
Trade tensions and higher interest rates are to blame.
Hong Kong raises record US$19.2b in summer IPO haul
7 Aug 18
Trading volume smashed previous record in 2010.
Health department falls victim to cyberattack
7 Aug 18
Computers were encrypted by ransomware, leaving some data inaccessible.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
7 Aug 18
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
Restaurant activity picks up as total receipts hit $28.8b in Q2
6 Aug 18
The total value of bar sales outpaced that of Chinese restaurants.
Hong Kong insurance sector taps on rattled Chinese market
3 Aug 18
New business premiums from Mainland clients hit $11.8b in Q1.

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Sep 05
HKB International Business Awards 2018
Island Shangri-La, Hong Kong
Sep 05
HKB Listed Companies Awards 2018
Island Shangri-La, Hong Kong
Sep 05
HKB National Business Awards 2018
Island Shangri-La, Hong Kong
Nov 20
The Asian Export Awards 2018
Singapore
Nov 29
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Hong Kong
Jan 22
HKB High Flyers Awards 2018
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Mar 06
HKB Technology Excellence Awards 2019
Hong Kong