News
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of closer ties.
Exports up 15.9% to $351.4b in May
Trade volumes to Singapore and Malaysia surged 43%.
Workers rejoice: average wage rate up 1.2% in March
Payroll per person also inched up 1.3%.
Insurer FWD mulls Hong Kong IPO
Strategic acquisitions in the past five years have strengthened FWD’s foothold.
Singapore is cheaper for expats than Hong Kong
A liter of gasoline, unleaded 95 octane costs the most in Hong Kong at $15 (US$2).
Office vacancy rates tighten to 4.3% in May
Co-working operators from the Mainland continued to snap up office space.
Vacant residential tax to dampen developers' land bidding
The levy is expected to be focused on newly built units.
Meituan Dianping hit by massive $22.79b loss ahead of blockbuster IPO
Ballooning market and research spending hit Meituan in its attempts to diversify.
Hong Kong could break into the top three IPO destinations by year-end
Total fundraising proceeds could hit $250b.
Public rental housing supply pegged at 34,800 for 2018-19
Of this number, 23,100 new flats and 11,700 refurbished flats will be available.
China Renaissance reportedly guns for US$800m in Hong Kong IPO
The investment bank is aiming for a valuation between US$4b to US$5b.
F&B sector remains hardest hit by private sector vacancies in March
There were a total of 12,030 vacancies.
Hong Kong is 6th safest city in the world
It climbed from 14th place in 2017.
Central is the world's priciest prime office market for third straight year
Occupancy costs per sqft are higher than London and New York at $2,505.
Inflation extends steep climb after rising 2.1% in May
Prices for food and basic utilities rose steeply at 4.7% and 3.4%.
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Workers are more inclined to stay amidst hefty paychecks.
Flexible workspaces represent 1.2% of Hong Kong's office space
This marks one of the least penetration rates in APAC.
Read Here
Advertise
Sign Up
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location