News
New consumer tech launches fail to gain ground in Hong Kong
New consumer tech launches fail to gain ground in Hong Kong
Ownership of wearable tech only stands at a dismal 9%.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Retail sales surge 29.8% to $45.2b in February
Consumer spending hit a seasonal high before the Chinese New Year Festival.
US-China trade war could cost one in 5 Hong Kong jobs: FS Chan
The trading and logistics industry, which employs over 700,00 people, remains highly vulnerable.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Housing Authority transfers rates concession to tenants
Maximum total amount is estimated at $2.45b and $50m for domestic and non-domestic licensees.
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
Hong Kong bests New York and Shanghai as it tops IPO activity rankings in Q1
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
Posh home prices up for 20th consecutive month in February
A luxury apartment at the Peak sold for almost $130,000 per sq ft at $590.19m.
Government earmarked $50m for Technology Voucher Programme
It aims to subside the technological solutions of local, non-listed enterprises.
HKIA passenger traffic up 6% to 5.82m in February amidst CNY break
Travellers from the Mainland and Japan took advantage of the long vacation.
Exports up 1.7% to $245.7b in February
Trade outflows to Malaysia and Philippines buoyed monthly figures.
Workers rejoice: average wage rate rose 2.1% in December
Payroll per person also increased 2.6% in Q4.
Check out which sector dominated Hong Kong's IPO charge in Q1
This sector snapped a third of the city’s public offerings.
Chinese developers slow down property acquisition spree
Local developers bid more aggressively as Chinachem and The Wharf snatched two GLS sites.
Tencent-backed food delivery startup seeks Hong Kong IPO
Meituan Dianping is reportedly mulling a valuation of at least $60b.
Small business optimism hits six year high as technology accelerates growth prospects
Almost half (48%) admitted that technological investment boosted company profits.
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