News

Luxury condo prices down 1.7% in Q3 as the rich rein in spending

Hong Kong Island’s luxury home sales crashed 90% to just 10 in September from 100 in April.

Exports down 7.3% to $347.7b in September

Total exports to Asia slipped 4.5% YoY.

Inflation slows to 3.2% in September

This was due to the effect of public housing rental adjustment dissipating in September.

China Mobile, HKT win 5G spectrum for $240m

The two have bid for 50MHz of the spectrum in the 4.9GHz band.

Long-term land investments gain ground amidst rising political action

Developers are looking to invest more in agricultural lands.

Central's Grade A office rents down 1.7% in September

It recorded the sharpest drop of all submarkets during the month.

Bosses spend 14.4% of their time coaching underperforming employees

Managers aren’t keen to fire poorly performing employees.

Nominations are now open for China International Business Awards

Deadline for submission of entries is on 14 February 2020.

Public housing plans could hurt commercial supply: analyst

Converting factory land into residential property can reduce available commerciable area.

Business conditions expected to deteriorate in Q4: survey

Retail, food and accommodation sectors expect output and prices to fall.

F&B sector's jobless rate hit six-year high in Q3

Unemployment levels in consumption and tourism-related segments were at the highest in two years.

Hedge fund assets hit all-time high at $722.33b despite unrest

China’s growing economy, highly-trained talent and robust regulatory landscape boosted the figure.

Foreign companies in Hong Kong up 9.9% to 9,040 in 2019

More than 1,500 operates their regional headquarters in the city.

China Mobile Hong Kong wins 3.5GHz spectrum for $300m

The company will build a territory wide 5G network.

Exports down 7.2% in August

Double-digit declines were recorded for import volume from South Korea and China.