News

Here's why Hong Kong couldn't top smart cities rankings

It ranked 68 with a score of 5.29 out of 10.

Prospects of first rate hike in 11 years loom for Hong Kong

Bloomberg says rising interbank rates are paving the way for prime rate hikes.

Mainland China, Hong Kong startups clinch 41% of global 'proptech' investments

The combined funding value hit $3.03b across 34 deals so far.

Hong Kong remains the world's most visited city

The city registered 25.7 million arrivals this year.

Foreign currency reserves down to US$419.2b in October

Assets slipped slightly from US$419.3b in September.

Investment in Hong Kong commercial real estate up 27% to US$3.1b in Q3

Year-to-date investment is already 9% higher than in 2016.

China Evergrande to raise $12.34b from selling equity stake

Investors will acquire a 14.11% stake in Hengda Real Estate.

Hong Kong is the fourth country with the most failed M&A deals

Deal failure rate between 1992 and 2016 hit 8.6%.

Hong Kong bags largest hotel deals in Asia Pacific in Q3

11 deals worth US$1.5b have been made so far.

Hong Kong has most sustainable transport system globally

It scored the highest in terms of its transport system's human implications.

This is Hong Kongers' favorite credit card reward

73% said they prefer rebates due to convenience and value.

57% of Hong Kong trust sector grew assets in three years

But firms are growing more worried about compliance costs.

New rentals in Central surge 47% in September

There is strong demand from the banking and finance sector.

2 in 3 employees unhappy with work benefits

Employers aren't aware of poor employee understanding of benefits programme.