News
Hong Kong's IPO market reached $87.5b in H1 2020
Hong Kong's IPO market reached $87.5b in H1 2020
This is a 22% increase from the same period in 2019.
Online-to-offline model gains ground in Hong Kong
The extended operating hours that the internet allows has attracted merchants towards selling online.
Hong Kong springboards new R&D hub
Eligible firms may receive monthly allowances up to $32,000.
Federated Hermes questions HSBC's support for security law
The firm expects companies to back moves supporting human rights.
Retail sales down 32.8% to $26.8b in May
It narrowed from April following a stabilised local epidemic situation.
Hong Kong, Thailand establish special travel arrangement
It aims to explore relaxation measures to resume cross-boundary business exchange.
Government facilitates travel scheme for arbitral parties in Hong Kong
It gives more freedom for non-Hong Kong residents to enter the market.
Second batch of Employment Support Scheme subsidies released
Employers received a total of $6.5b to get through from June to August.
Average pay rose 2.2% in March
Only 39% of the companies reported a decline in wage rates.
Exports down 7.4% in May
Exports to Asia as a whole went down by 4.6%, led by the 45.5% drop in the Philippines.
Hong Kong crowned as most financial literate market globally
Locals’ financial literacy improves albeit weak money behaviour.
Luxury residential segment gains momentum in May
Quantitative easing in most regions supports luxury property prices.
How FDT is modernising the trust scene
FDT is behind Asia’s first Rapid Settlement and Clearing Network (RSCN).
Bank transfers, digital wallets spur e-commerce market
The two methods are rising at CAGR of 12% and 11%, respectively.
Total employment down 3.8% YoY to 37,310 in March
Total number of vacancies saw a shortfall of 4,960 compared to the same time previous year.
Inflation up 1.5% in May
Price growth of pork, vegetables and private housing rentals were weaker.
Balance of payments surplus more than doubled to $25.8b in Q1
However, gross external debt rose $53.5b.
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