News

Tourist arrivals surge 17.9% to 6.59 million in December
20 Feb 19
There were over 5.12 million tourists from the Mainland.
Hong Kong's residential rents may be bottoming out
20 Feb 19
The rental decline narrowed to 0.3% in January.
GDP growth grinds to a halt at 1.5% in Q4
20 Feb 19
It was significantly lower compared to the 3.7% increase in the first three quarters.
Securities regulator joins the fray fleeing Central's pricey office market
20 Feb 19
The SFC will move to One Island East in 2020 to cut rental costs.
Grade A office vacancy rate rose to 4.4% in January
19 Feb 19
Vacancy rates in Central and Kowloon East hit 2.3% and 10.3%.
Half of Hong Kong adults struggle to make investment decisions: poll
19 Feb 19
Respondents lament small wages and overspending in meeting their financial goals.
Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019
14 Feb 19
The number of defaults quadrupled to hit a record $17.68b in 2018.
Strong sales unlikely to stem home price decline: JLL
13 Feb 19
Monthly sales need to hit 5,700 transactions to prop up slowing prices.
PMI hits 48.2 in January as trade war gloom persists
13 Feb 19
This is the tenth consecutive month of deterioating private business conditions.
Online banking scams rose threefold in 2018: HKMA
13 Feb 19
There were 62 cases of phishing last year.
Trade war could hit half a percentage point of Hong Kong GDP: official
13 Feb 19
Higher tariffs will hit consumers right in the pocket.
Mortgage loans down 20.7% to $23.5b in December
11 Feb 19
Weakening property demand has weighed on loan growth.
Property sales down 22.6% in January
11 Feb 19
The total consideration for the 5,589 deals hit $72b.
Hong Kong restaurant receipts hit $30.4b in Q4
11 Feb 19
Non-Chinese restaurants saw strong year-end figures.
Less than 100 luxury homes will be built in 2019: JLL
11 Feb 19
New home supply at the Peak is set to fall to 13 units per year.
Hong Kong banker bonuses drop by a fifth as stock markets fall
8 Feb 19
Some local brokers had to make do with a lai see.
Chinese tourists prefer Australia and Singapore over Hong Kong: survey
6 Feb 19
The survey notes that the SAR does not have sufficient travel and outdoor activities.
Goods and services complaints up 5% in 2018
6 Feb 19
Vaccination grievances climbed four times amidst the inadequate supply of the HPV vaccine.
Government gives discounted land to Housing Society to boost public housing supply
6 Feb 19
The society will build 6,600 flats across Kowloon from 2024-2026.
Hong Kong hit by first wave of negative equity in two years as home prices fall
6 Feb 19
The aggregate value of mortgages in negative equity hit $1.19b in Q4.
New Hong Kong passport features hi-tech security upgrades
6 Feb 19
The travel document will feature designs only visible in ultraviolet light.
Movie ticketing app Maoyan opens flat on debut
6 Feb 19
It closed at $14.64 from an IPO of $14.8.
Hong Kong Exchange Fund's 2018 investment income plunged 95% amidst heavy equity losses
6 Feb 19
The headline figure hit $13.9b compared to $264b in 2017.
Hong Kong retains crown as world's freest economy
31 Jan 19
The SAR had stellar scores in trade and monetary freedom.
Retail rents to remain flat in 2019 amidst economic headwinds
30 Jan 19
F&B and healthcare sectors will provide key support to the retail leasing market.
Warehouse rents to rise 5% in 2019 as trade tensions bite
30 Jan 19
This would follow a 2.8% annual increase in 2018, the sharpest rise in four years.
Grade A office rental growth hits 6.7% in 2018
30 Jan 19
However, the outlook into 2019 looks increasingly dim.
Exports down 5.8% to $339.9b in December amidst trade war drag
30 Jan 19
Trade volumes to India crashed 35.9%.
Hong Kong accounting firms digitise faster than Singapore counterparts
30 Jan 19
Around 81% of local firms use automation apps compared to 34.5% in Singapore.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
28 Jan 19
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks' pre-tax profit up 19.4% in 2018
25 Jan 19
NIM rose to 1.62% from 1.45% in 2017.
Guangzhou and Busan surpass Hong Kong port's performance
24 Jan 19
Filled vessels in Hong Kong fell 5.4% in 2018.
Hong Kong Business hails the most exceptional enterprises at the Hong Kong High Flyers Awards 2018
24 Jan 19
Over 100 guests graced the awards ceremony.
Inflation dips to 2.5% in December
23 Jan 19
The growth in food prices hit 3.8%.
Office vacancy rates let up to 4.2% in December
23 Jan 19
Vacancies in Central rose to 1.8% from 1.5% in November.
Budget surplus to hit $56.4b in 2019 amidst hefty land sales revenue: KPMG
23 Jan 19
The figure is 62% higher than the government estimate.
Hong Kong housing is still the world's least affordable for the ninth straight year
22 Jan 19
It has a median multiple of 20.9.
Hong Kong dislodged as home to the world's largest super-rich population in 2018
22 Jan 19
New York reclaimed the crown as the trade dispute hammered the SAR.
Hong Kong ports lose edge as China slows down
21 Jan 19
Ports in Shanghai and Shenzhen rank above the SAR.
Developers deploy discounts to sustain sales in January
21 Jan 19
Sun Hung Kai discounted its Ma Tau Kok apartment complex by 50% on average.

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