News
HSBC sees significant growth in new APAC wealth arm
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
Office leasing demand still slow despite stabilising environment
Rents across all major submarkets slipped 3% MoM.
Over half feel indifferent in owning a home amidst pandemic
Only 1 in 10 locals thinks it is a good time to buy a home.
Fraud suspected in sudden sales spike of $10m Hong Kong flats
Regulators loosened mortgage rules in October, which is only enough for small-to-medium flats.
Average salary increment stood at 1.3% in Q1
Around three quarters of job seekers are considering a career change.
7 out of 10 office workers prioritise health as primary life goal
Working from home arrangement found by most employees as flexible.
Unemployment rate widens to 5.2% in February-April
This is the highest figure recorded in over a decade.
COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Hang Seng benchmark paves way to include Alibaba: report
The index includes companies from the Mainland with a secondary listing in Hong Kong.
Over 15,000 shops may close without rent relief
Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.
Export volumes down 9.1% in Q1
Volumes to the US led the decline.
Cathay Pacific's passenger volume plummets 99.6% in April
It expects daily passenger volume to remain low in May.
GDP contraction widens to 8.9% YoY in Q1
The decline is said to be the worst drop on record.
Bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Hong Kong's land tender fails to sell in property market setback
All four offers on the former Kai Tak airport site failed to meet the reserve price.
Less than 20% ‘understand' fintech apps: survey
The majority of Hong Kong use such apps for personal finance.
Over 3,850 applications approved for property management sector subsidy
This will involve more than $140m and benefit 22,000 building blocks.
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Strategic location tips for playgroups and education centres