News
PMI hits 50.7 in November but business outlook remains gloomy
PMI hits 50.7 in November but business outlook remains gloomy
Total new orders continued its decline this month.
Banking system outlook up to stable from negative: Moody's
Thanks to global economic growth and favourable monetary conditions.
Firms head east to avoid high Central office rents
BNP Paribas and Freshfields Bruckhaus Deringer are amongst the first to move.
Economy expected to moderate at 3% in 2018
The slowdown in China’s growth may drag economic expansion.
Hong Kong Central's office space is still the world's priciest
It costs an average of $210 psf monthly.
More sites to be up for tender from January to March 2018
The government will provide more land supply despite meeting housing target.
Total ocean vessel arrivals down 3.5% to 6,784 in Q3
However, total capacity increased 1%.
Banks apply tech, data analytics to combat money laundering
One of the major amendments is to leverage technology on non-face-to-face account opening.
Total port cargo throughput up 5.3% to 70.9m tonnes in Q3
Inward port load from Malaysia registered high growth.
Tourist arrivals up 6.6% to 5.28 million in October
Visitors from South Korea and Japan posted the largest growth.
Office rents up 0.3% to $71.6 psf in October
The expansion of PRC companies in Central drove rents upward.
Fintech will go mainstream in Hong Kong by 2018: KPMG
The industry is entering a new era of Smart Banking.
Property sales down 11.8% to $66.7b in November
There were a recorded 7,601 sale and purchase agreements last month.
Home sales down 6% to 5,289 sold units in September
However, new residential launches were still warmly received.
HKEX unveils ID model for investors in northbound trading
It plans to identify orders at the client level for market monitoring purposes.
Hotel occupancy rate unchanged at 87% in September
The lack of major events may have been the cause of stabilisation.
Fed rate hikes can cool heated property market
The IMF described Hong Kong’s property market as booming and overvalued.
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