News

Construction output dips 1.1% to $60.3b in Q3 as residential projects slow
12 Dec 18
Building works for residential projects dropped 6.5% to $15.2b.
Investment product sales surged 34% to $508b in 2017
12 Dec 18
The double-digit growth came as Mainland firms beefed up their wealth businesses.
Half of Hong Kong companies lost new recruits amidst poor onboarding
12 Dec 18
A third of firms had employees resign in their first month.
Grade A office capital values may drop 10% in 2019
11 Dec 18
Central and Kowloon East are forecasted to post the slowest growth.
Hong Kong inches closer to Singapore in digital transformation: study
11 Dec 18
7 in 10 of the SAR's population have access to superfast internet connectivity.
HKMA cuts down a third of virtual banking applicants
10 Dec 18
They failed to submit sufficient information on authorisation criteria.
Hong Kong's open banking movement lures interest beyond retail clients
10 Dec 18
SMEs and corporates also acknowledge the merits of the pivot.
Total port cargo throughput down 13% to 61.7 million tonnes in Q3
7 Dec 18
Inward port cargo tonnage crashed in US, Japan and Korea.
Cathay Pacific hikes staff wages despite $263m loss in H1
7 Dec 18
Around 14,600 eligible employees can expect a 3-8% increase in wages.
HSBC installs ‘dementia' specialist staff in Hong Kong
7 Dec 18
They will assist the elderly with their finances.
Central is still the world's priciest prime office market in Q3
6 Dec 18
Occupancy costs are at $2,641 (US$338) psf.
Visitor arrivals rose 11.5% to 5.88m in October
6 Dec 18
Mainland tourists accounted for nearly 80% of monthly arrivals.
PMI down to 47.1 in November as Chinese business suffers deep losses
6 Dec 18
Exports to China fell at the fastest pace in three years.
Banks make do with falling loan growth as earnings lifeline
5 Dec 18
Gains from Chinese business will remain muted.
Shanghai dethrones Hong Kong as most expensive city in Asia
5 Dec 18
Property prices in Hong Kong reached $424,042 psm.
Hang Seng Index continues recovery with 6.8% gain in November
5 Dec 18
It could seal further muted gains by 2019.
Cancer testing startup Grail shies away from Hong Kong listing as it mulls US pivot
5 Dec 18
The weak performance of earlier biotech listings may be to blame.
Retail sales reverse September slowdown to hit $39.7b in October
5 Dec 18
The faster increase in visitor arrivals boosted purchases.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
4 Dec 18
They will develop a remote account-opening solution.
Hong Kong to license first online-only insurer in December
3 Dec 18
The pioneer will be part of the new fast-track system.
Banks' loan growth eases to 2% in October
3 Dec 18
This represents the fourth straight month of decline.
Hong Kong's hottest IPOs lose steam as returns fall short
30 Nov 18
The 10 most popular stocks by retail subscription ratio fell 36% on average.
Fosun Tourism Group launches US$548m IPO
30 Nov 18
It is offering 214.2 million shares priced at $15.6 to $20 apiece.
2 in 3 Hong Kongers worry about having a 'comfortable' retirement
29 Nov 18
40% are willing to sacrifice part of their wages for a better retirement benefit scheme.
Hong Kong's most outstanding companies lauded at the HKB Management Excellence Awards 2018
29 Nov 18
Nearly 80 corporate leaders graced the awards ceremony.
Hong Kong is still less prosperous than Singapore
28 Nov 18
The SAR settled for 22nd place in the global rankings.
Vietnam overtakes Hong Kong and Singapore in SEA IPO fund market
28 Nov 18
Vietnam hauled $35.22b in IPO proceeds against Hong Kong's $18.18b.
Exports rebound 14.6% to $383.7b in October
28 Nov 18
This comes on the heels of 4.5% export growth the previous month.
Hong Kong finance M&As plunge to US$1.15b YTD amidst Beijing crackdown
28 Nov 18
This could mark the lowest possible deal volume in 13 years.
3,000 job vacancies loom as Hong Kong's insurtech scene booms
27 Nov 18
There's a hot demand for risk managers and tech talents going into 2019.
Housing market hit with worst declines since 2016
27 Nov 18
Less than 500 homes were sold for the month as of 25 November.
Real estate investment volumes dropped 25% in Q3
27 Nov 18
Investors are feeling the heat from rising interest rates and escalating trade tensions.
Grade A office rental growth softened to 0.5% in October
26 Nov 18
Weak stock market performance and escalating trade tensions weighed on investment volume.
Inflation hits 2.7% in October
21 Nov 18
The increase in electricity, gas and water prices rose to 4.1%.
Hong Kongers pin hopes on healthcare industry as economy weakens: survey
21 Nov 18
Residents believe it has higher growth potential over IT and e-commerce.
16 companies hailed as the region's best exporters at the inaugural Asian Export Awards
21 Nov 18
The winners were presented to over 150 guests.
One in five are living in poverty in Hong Kong
20 Nov 18
Residents below the official poverty line hit 1.4 million in 2017.
Singapore is a more competitive talent hub than Hong Kong
20 Nov 18
The SAR's invests only 3.3% of GDP into education.
HKIA passenger traffic inches up 0.5% to 6.19 million in October
20 Nov 18
The volume of visitors from Japan and Europe grew the largest.
Jobless rate flat at 2.8% in August-October
19 Nov 18
This translates to around 116,000 unemployed persons.

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