News

Industrial property investment ballooned 76% in Q1 2019
17 Apr 19
1 in 3 deals focused on purchasing old industrial buildings for redevelopment.
Food spending to hit $291.6b by 2023
17 Apr 19
Its annual growth rate would moderate from 6% to 5.5% by 2023.
Retail sales dipped 1.6% in January-February
17 Apr 19
Customers chose to spend their dollars abroad than locally.
Hong Kong Business welcomes nominations for the National Business Awards 2019
17 Apr 19
Deadline for entries is on 12 July 2019.
New office lettings crashed 30% in March
16 Apr 19
Net take-up fell into negative territory at 95,700 sqft.
Hopewell Holdings to delist from Hong Kong bourse
16 Apr 19
It will be removed after market close on 17 April.
Check out Hong Kong's top-paying finance roles in 2019
16 Apr 19
Finance managers can earn as much as $720,000.
Co-living operators could save 25% of expenses over traditional renting model: report
16 Apr 19
Underperforming hotels and serviced apartments in Hong Kong are converting into co-living spaces.
Hong Kong still the world's priciest housing market
16 Apr 19
Average property price is at $9.69m or $16,400 per sqft.
Small-house policy ruling kills two village land projects
10 Apr 19
The Court of First Instance of the High Courts ruled that trading or granting space for village-type development was unconstitutional.
2 in 3 tech workers worry about future tech setups despite skill upgrades: study
10 Apr 19
They felt unequipped to manage their knowledge in machine learning, AI and blockchain.
Hong Kong beats Japan as world's third largest bourse
10 Apr 19
The Hang Seng Index climbed 17% whilst the bourse's market cap hit US$5.78t.
HKB Listed Companies Awards 2019 is now open for nominations
10 Apr 19
Deadline for submissions is on 12 July 2019.
Firms tap into temporary and contract market to plug talent shortage
5 Apr 19
Almost all or 91% of companies have employed temporary or contract staff over the past year.
Luxury hotel room stock hit 18,839 in 2018
5 Apr 19
Occupancy rate rose 3 ppt to 89%.
Hong Kong's Voluntary Health Insurance Scheme goes live
4 Apr 19
Features include coverage extended to unknown pre-existing conditions and no limitations on ‘lifetime benefit'.
Hong Kong shapes up in heating virtual banking race
4 Apr 19
The first batch of licensees were granted to applicants with experience in running a deposit-taking and lending business.
Here's why Chinese developers are on a buying spree of old buildings
4 Apr 19
Compulsory sale applications from Chinese developers surged 160% YoY to 39 applications.
Hong Kong Business opens nominations for HKB International Business Awards 2019
3 Apr 19
Deadline for nominations is on 12 July 2019.
Hong Kong has the world's lowest prime logistics yield
3 Apr 19
The country’s prime yield stood at 3.4%, down 30 bps from 2017.
Hang Seng Industry Classification System to revamp stock classification
1 Apr 19
It will sort stocks into 12 industries, 31 sectors, and 94 subsectors to reflect developments in Hong Kong and Chinese markets.
Developers eye home upgraders to boost unit sales
1 Apr 19
Developers, hit by a supply decline of 6% in the next three years, look for alternatives to make profits.
Hong Kong bank loans grow 3.03% in February
1 Apr 19
Trade finance loans fell for the sixth straight month to $477.7b.
Check out Hong Kong's first co-working tower by Spaces
29 Mar 19
The building consists of 130 private offices and 800 workstations.
Retail sales up 7.1% to $48.1m in January
29 Mar 19
Sales at department stores and F&B outlets rose 15.1% and 13% respectively.
Decentralisation underpinned 2.6% rise in Quarry Bay rents to $54.65 psf in February
29 Mar 19
Stocks of larger floor space are expected to be released in 2020 and 2021.
Home sales dropped 10% to 4,089 in February
28 Mar 19
Sales have weakened ever since prices started falling in July 2018.
Authorities remove nine categories from proposed extradition law
27 Mar 19
It will cut sections including bankruptcy, securities and futures, and intellectual property.
Hong Kong takes the world's 19th most powerful passport
27 Mar 19
Hong Kong’s passport holders have visa-free or visa-on-arrival access to 169 countries.
Hong Kong consumers more willing to share data than UK and Germany: survey
27 Mar 19
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Cathay Pacific to acquire budget airline HK Express for $4.93b
27 Mar 19
If the acquisition goes through, Cathay Pacific would control three of Hong Kong’s four passenger airlines.
Hong Kong credit card balances up 5% to $17.33b in Q4
21 Mar 19
The balances of Generation Z customers skyrocketed 89%.
Hong Kong named as the most vulnerable APAC country to Chinese trade decline
20 Mar 19
Most of the region’s exports are being absorbed by China.
Hong Kong and Paris squeeze into Singapore's throne as costliest city globally
20 Mar 19
Hong Kong moved from the 4th place last year to the top in 2019.
Home prices recovered 20-28% in Q1 since 2012
20 Mar 19
However, property investment volumes dropped 42% QoQ.
Real estate investment volumes jumped 16% to $399.8m in 2018: report
19 Mar 19
Hong Kong's growth placed it as the ninth largest source of real estate investments globally.
Record high 65.15 million visitor arrivals buoyed hotel occupancy in 2018
18 Mar 19
The lacklustre 2,500 new hotel room supply also supported the citywide occupancy of 91.4%.
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
18 Mar 19
UBS faces the highest fine of $47.77m.
Hong Kong is Asia's priciest rental haven for expats
15 Mar 19
Rental hikes will also be observed in outlying neighbourhoods as firms eye for more affordable places outside the central area.
2 in 5 professionals expect to change employers in the year: report
13 Mar 19
Close to three in 10 are actively seeking new positions.

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