News
Government unveils new initiatives to ease housing crunch
Government unveils new initiatives to ease housing crunch
Homes under the HOS will now be based on a median monthly income of $39,500.
Tourism zooms into recovery after arrivals rose 8% to 4.95 million visitors in May
Visitors from the Mainland hit 3.82 million.
Government to launch Starter Homes pilot project on Ma Tau Wai Road
The venture redevelopment can provide 450 units.
Hong Kong Exchange cracks down on backdoor listings
HKEX is also targeting companies that remain listed but do very little business.
Vacancy tax may not dampen Hong Kong's runaway home prices
It will not trigger the expected price fall but will only slow the fast pace of growth.
Banks may lose $14.68m in net assets following HKFRS 9
Replacing the expected credit loss model is likely to shed off around 1% of net assets.
Nearly a fourth of bosses believe the Belt & Road Initiative would raise finance salaries
Several large-scale infra projects will drive up demand for such talent.
Hong Kong's blockbuster IPO year at risk from heating trade tensions
A liquidity crunch may force smaller firms to rake in less cash.
Banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% 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.
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