News

Hot pot chain Haidilao defies market slump after raising nearly US$1b in IPO

The firm sold around 8% of equity capital at $17.80 per share.

Unemployment rate remains flat at 2.8% in June-August

This translates to around 117,400 unemployed Hong Kongers.

Trade jitters and bearish equities weigh heavily on Hong Kong's 2019 GDP growth forecast

The economy is poised to grind to a halt at 3% in 2019 from 4.7% in Q1.

HSBC steps up Hong Kong and Singapore hiring to cash in on Asian goldmine

The bank is planning to add over 1,300 positions by 2022.

Will China's bullet trains run over Hong Kong's embattled airlines?

The high-speed rail offers faster and cheaper transport option than flying by plane.

Hong Kong launches Faster Payment System in Smart Banking push

Consumers will soon be able to transfer funds instantly and without cost.

Manufacturing industrial production index up 1.6% in Q2

Food, beverages and tobacco output volume led the quarterly growth.

Hong Kong cedes crown to Malta in global home price gains in Q2

Home prices in Malta surged 16.9% versus the SAR's 15.9%.

Hong Kong unveils mutual automated immigration clearance with Thailand

The move slashes processing time to 20 seconds per person.

Young buyers snap up discounted units at Tseung Kwan O property sale

About 95% of the 488 units on offer were sold for $4.28b.

Hong Kong joins Australia and Canada as world's riskiest housing markets

Household debt accounts for nearly half of the SAR’s GDP.

Meituan Dianping raises US$4.2b in IPO priced at high end

The Chinese food review firm sold 480.27 million shares at $69 apiece.

Wealthtech firms poised to snap up to 10% of wealth manager assets

Robo-advisors are steadily luring the tech-savvy mass affluent.

Hong Kong is the world's third most attractive financial center as Asia outperforms weakening Europe

The SAR is set to pounce on London who’s been losing luster due to Brexit.

Housing correction of 15% possible in 2019

The world’s most expensive property market is finally slowing down.