News

The search is on for Hong Kong's most innovative international companies in 2018
19 Apr 18
Past winners include MullenLowe Profero, Broadridge Asia Pacific Ltd., and Thales.
Who will make the cut at Hong Kong Business' Listed Companies Awards 2018?
19 Apr 18
Notable past winners include China Resources Power Holdings Company Limited and CSI Properties.
Nominations are now open for Hong Kong Business' National Business Awards 2018
19 Apr 18
Projects will be judged on their uniqueness effectiveness and dynamism.
Employees willing to ditch jobs for better work-life balance
19 Apr 18
It’s not just about the hefty paychecks.
Can Hong Kong banks meet IFRS 9 requirements on time?
19 Apr 18
Profitability may be hit amidst higher provisioning prerequisites.
Homes grow more unaffordable as prices climb for 23rd consecutive month
19 Apr 18
Residential prices rose 1.6% in March, extending the uptrend since April 2016.
Steeper mortgages may loom as HIBOR extends climb to 1.32%
19 Apr 18
This comes as a result of the purchases made by HKMA to support the struggling dollar.
Project experience trumps educational background for IT bosses
19 Apr 18
It’s a deciding factor in hiking the salaries of fresh IT graduates.
Housing chief hesitant on imposing minimum private flat size even as micro flats multiply
19 Apr 18
Secretary Frank Chan Fan believes that regulations may raise home prices.
Hong Kong beats Tokyo as priciest business trip location in Asia
18 Apr 18
Expenses cost $3,971 per day (US$508).
Forced relocations buoyed industrial transactions in Q1
18 Apr 18
A local beverage company secured a site in Tuen Mun in light of possible relocation from Yuen Long.
Retail demand recovers in Q1 as brands ramp up leasing activity
18 Apr 18
Retailers took advantage of affordable rents which are only recovering from a protracted decline.
HR jobs abound as Chinese companies set up shop
18 Apr 18
Specialised roles in talent acquisition, management and compensation are highly sought after.
Xiaomi reportedly tapped Citic Securities for CDRs amidst mega IPO preparations
17 Apr 18
The smartphone maker is gunning for $100b valuation in its public debut.
HKMA capital injection fails to buoy local currency
17 Apr 18
The HKD is still traded at $7.85 against the USD.
Micro flats multiply as residents scramble for affordable housing alternatives
17 Apr 18
Flats of less than 20 square meters accounted for 4% of private homes completed in 2017.
Higher interest rates loom amidst weakening dollar: FS Chan
16 Apr 18
Consumers may shoulder higher mortgage repayments soon.
Lucrative digital jobs buoy Hong Kong's employment market in 2018
16 Apr 18
Professionals switching to digital jobs can expect as much as 25% salary increase.
SFC slaps Instinet Pacific with $17.3m fine
16 Apr 18
The electronic trading company’s algorithms generated false market orders thrice.
HKIA passenger traffic up 8.5% to 6.39m in March
16 Apr 18
The Easter travel peak resulted in higher passenger volumes.
HKMA purchased $3.26b in local currency to boost struggling dollar
13 Apr 18
This comes as the Hong Kong dollar plunged to a thirteen year low.
Hong Kong ramps up efforts to capture GBA's insurance market
13 Apr 18
A new licensing regime for the regulation of insurance intermediaries is in the works.
WeWork eyes naked Hub acquisition to capture Greater China market
12 Apr 18
Local media are reportedly valuing the deal at $400m.
Tsing Yi site sold for $867.3m
12 Apr 18
It was awarded to Wang On Properties subsidiary Newex Limited.
Trading quota between Hong Kong and Mainland expanded fourfold from $13b to $52.54
12 Apr 18
This will kick into effect on May 1.
Hong Kong dollar plunges to record low at $7.85
12 Apr 18
This marks the first breach since the range was imposed in 2005.
Hong Kong to link central bank system with Japan for faster cross-border transactions
11 Apr 18
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
PMI falls to 50.6 in March amidst slowing factory output
11 Apr 18
This was the weakest showing in five months.
US-China trade war could hammer export-dependent Hong Kong hard
10 Apr 18
Merchandise trade accounted for 157.4% of 2017 GDP.
Hong Kong soars to the top of air cargo hub rankings
10 Apr 18
It has handled over 5m metric tonnes in 2017.
Hong Kong beats Singapore as APAC's easiest city for financial compliance
10 Apr 18
It remains one of the easiest locations to do business globally.
Office net absorption hits 160,900 sq ft in February
9 Apr 18
Hong Kong East is emerging as a preferred destination with rents rising the fastest at 0.5%.
Employees call for more government upskilling incentives
5 Apr 18
These could take the form of tax rebates or subsidies.
Property sales down 15.6% in March
5 Apr 18
Total consideration for sales and purchase agreements fell to $50.5b.
Loan growth poised to crash as home prices falter
5 Apr 18
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
New consumer tech launches fail to gain ground in Hong Kong
4 Apr 18
Ownership of wearable tech only stands at a dismal 9%.
Tax returns issued for 2017-18
4 Apr 18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Retail sales surge 29.8% to $45.2b in February
4 Apr 18
Consumer spending hit a seasonal high before the Chinese New Year Festival.
US-China trade war could cost one in 5 Hong Kong jobs: FS Chan
3 Apr 18
The trading and logistics industry, which employs over 700,00 people, remains highly vulnerable.
Government surplus hits $7.16b in February as revenues exceed expenditures
3 Apr 18
Fiscal reserves similarly stood at a massive $1.13t.

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Events Calendar

Apr 19
HKB Made in Hong Kong Awards and Designed in Hong Kong Awards 2018
Island Shangri-La, Hong Kong
Jul 26
HKB International Business Awards 2018
Island Shangri-La, Hong Kong
Jul 26
HKB Listed Companies Awards 2018
Island Shangri-La, Hong Kong
Jul 26
HKB National Business Awards 2018
Island Shangri-La, Hong Kong