News

Consumer prices down 2.2% in September
28 Oct 20
Deflation was due to waivers of public housing rentals from the housing authority.
HKAOA calls for action from labour department against Cathay's restructuring
28 Oct 20
Cathay’s 2,200 pilots reportedly face having their salaries permanently halved or losing their jobs.
HSBC's profits down 46% to $2b in Q3
28 Oct 20
This was blamed on lower revenue, interest rate reductions in deposit franchises.
HSBC to revamp business model, flip income source: report
28 Oct 20
It is struggling to charge more for loans amidst falling interest rates.
Cathay Pacific Group to axe 3,500 jobs in corporate overhaul
22 Oct 20
5,300 Hong Kong employees made redundant.
Export volume down 1.2% in August
21 Oct 20
August 2020 statistics showed a decrease by 1.2% and 4.5%, respectively.
Unemployment rate soars to highest in 16 years
21 Oct 20
Outlook remains bleak for the labour market as the global pandemic rages on.
Hong Kong relaxes social distancing rules for weddings, local tours
21 Oct 20
The number of maximum attendees has been raised to 50 people.
Hong Kong's 5G coverage to expand up to 99%
19 Oct 20
Consumers can enjoy super high-speed connections at ultra-low latency.
New ordinance opens more doors for investors
16 Oct 20
This aims to attract private equity and venture capital funds to set up and operate in Hong Kong.
85% of local businesses prioritise employee wellbeing: NTT
16 Oct 20
The ongoing pandemic has highlighted the importance of employee wellbeing.
Financial ‘experts' more likely to compromise values for money: survey
15 Oct 20
But majority of Hong Kong investors refuse to give up their beliefs for higher investment returns.
Food delivery industry supported 48,000 jobs during pandemic
15 Oct 20
The industry earned $8b in revenue.
Employment in private sector dips by 5.1%
14 Oct 20
Vacancies decrease by 47% over the preceding year.
HK inks tax pact with Georgia
14 Oct 20
This is Hong Kong’s 45th comprehensive avoidance of double taxation agreement.
Hong Kong office rentals down 4.7% in Q3
14 Oct 20
Overall office rentals dropped for the sixth consecutive quarter.
Investors regard sustainable funds as ‘best investment': study
30 Sep 20
They want more information assuring them that their investments are sustainable.
Dah Sing Bank opens applications for 100% SME loan guarantee
30 Sep 20
Clients can apply for up to $5m with a five-year max guarantee period.
Hong Kong e-commerce set to reclaim growth: study
30 Sep 20
Businesses will be prioritizing shopping and payment experience improvements.
JD Health seeks Hong Kong IPO
29 Sep 20
This makes it JD Group's third affiliate to go public in 2020.
Exports down 2.3% in Q3
29 Sep 20
Total exports pursues cutback for the eighth-month.
Hong Kong luxury apartment rents slip 0.4% in Q3
27 Sep 20
Townhouse rents also fell 0.8%, the sixth consecutive quarter of rental decline.
Mental health beats finances as top factor affecting public wellness
25 Sep 20
Only 27% considered mental health support from employers as adequate.
Bank of East Asia commences sale of life insurance arm
25 Sep 20
It hopes to have an agreement for recurrent revenue.
Datasite takes home Fintech - Financial Services win in China Technology Excellence Awards 2020
25 Sep 20
The firm was recognized for its groundbreaking tech platform, which has revolutionized the way M&A is conducted.
Tricor Group recognized as Premier Business Services Provider at China International Business Awards
25 Sep 20
Tricor Group (Tricor) won the Business Services category of the China International Business Awards, presented by Hong Kong Business magazine, for...
Find out who won at the HKB Technology Excellence Awards 2020
24 Sep 20
Around 30 companies were hailed in this year’s digital presentation.
Check out the winners of the first China International Business Awards and Technology Excellence Awards
24 Sep 20
Outstanding companies in China were awarded in the inaugural event held digitally.
Mox Bank launches in Hong Kong
22 Sep 20
Everyone in the city can now sign up for its services.
Labour market remains 'austere' in June-August
21 Sep 20
F&B unemployment rate remained high at 14.4% during this period.
HSBC's shares sink to all-time low
21 Sep 20
The bank was named as a possible candidate for China's "unreliable entity list".
Office vacancy rates in Central Hong Kong hit 15-year high of 6% in August
20 Sep 20
Rents also dropped the most in Central at -2.5% month-on-month.
Hong Kong landlords foray into the co-working space sector as operators
20 Sep 20
Some landlords also form joint ventures with established operators.
Hong Kong home sales drop 29% to 4,358 in August
20 Sep 20
Developers are still holding off on new launches amidst the pandemic.
Two-thirds in Hong Kong look for discounts at least once per day
16 Sep 20
Over three-thirds did not "revenge spend" in the past months.
Industrial production down 5.1% in Q2
16 Sep 20
The producer price index also fell 1.3% during the quarter.
Deliveroo's raises over $300k for Feeding HK
15 Sep 20
The campaign donated 60,000 meals to Hong Kong’s most vulnerable.
Hong Kong Business recognises outstanding companies in 2020
15 Sep 20
The awards presentations and interviews were held digitally from 10 September to 11 September.
Restructuring now inevitable, says Cathay Pacific
14 Sep 20
The airline is now burning billions in cash per month.
Hang Seng Bank adjusts branch hours
11 Sep 20
From 14 September, street-level branches will be open from 9AM-4:30 PM on weekdays.

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