News
Restaurants continue to thrive as receipts hit $29.9b in Q3
Restaurants continue to thrive as receipts hit $29.9b in Q3
Bars outperformed other food segments after receipts grew 10.1% in value.
Financial losses from cyber attacks skyrocketed 680% from 2012-2016
Banks are especially vulnerable to threats.
PMI hits 48.6 in October as Chinese demand falters
The decline in sales to Chinese markets was the highest in two years.
Bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
All roads point to a correction for Hong Kong's weakening property market
New-home sales in October fell to its lowest level in 16 months.
Asia's ultra wealthy stoke Hong Kong and Singapore's family office boom
The number of newly built offices may have grown 15% in first three quarters of 2018.
Blockchain-powered trade finance platform goes live
eTradeConnect will digitise the paper-intensive process.
Hong Kong unveils rules in bid to tame crypto assets
Fund managers will need to meet licensing conditions.
Retail sales grind to a halt at 2.4% to $36.6b in September
Trade tensions and typhoon Mangkhut were a double whammy.
Hong Kong is Asia's second most sustainable city
Growing air pollution and housing affordability, however, cloud its outlook.
Hong Kong still trails behind Singapore in ease of doing business
It ranks fourth whilst the Lion City nabbed second place.
Hong Kong drops to seventh place in APAC's most visited cities in 2017
There were 9.03 million international overnight visitors.
Commercial property transaction volumes plummeted 65% in Q3 as rattled Chinese investors retreat
Locals took charge but failed to plug the gap left by Mainland counterparts.
Will Hong Kong bid nano flats goodbye amidst intensified public housing push?
Developers may start building larger projects sized between 400 to 600 sqft.
Hong Kong bourse turns to blockchain to boost Chinese share trading
It aims to boost information sharing on northbound trades.
Singapore's luxury home market dislodges weakening Hong Kong in Q3
Posh home prices in Singapore rose 13% whilst Hong Kong’s ground to a halt at 5.5%.
One-way permit scheme beefed up workforce by 700,000 employees
Around 400,000 workers came via the scheme whilst 300,000 were the migrating Mainland spouses.
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Commentary
Why Hong Kong’s retail product reshuffle may favour large suppliers
Hong Kong hospitality: Momentum and the new lifestyle era
Understanding Hong Kong’s new land premium policy