News
Hong Kong bankers settle for dorm life as rents reach record highs
Hong Kong bankers settle for dorm life as rents reach record highs
There are at least six current and pending co-living developments in Hong Kong.
Retail landlords becoming more flexible in rental terms
They fear having empty shops for extended periods.
Hong Kong, Singapore eye grabbing a bigger share of the $540t derivatives business
Regulators have been in talks with the ASIFMA over the past five months.
Why July retail sales performance may be a one-off
Analysts say it could be due to tourist rebound when summer started.
Mainland investors poured in US$1.6b investments in Hong Kong
This is almost 70% of all cross-border investments in the city.
Hong Kong Business opens nominations for the inaugural Made in Hong Kong Awards 2017
Nominations will close on 20 October 2017.
Exchange Fund assets hit $3.9t in July
The assets reflected a $7.3b increase from the figures reported in June.
RMB deposits in Hong Kong up 1.6% to RMB534.7b in July
Overall foreign-currency deposits rose 0.2%.
Government deficit hits $2.5b in July
Fiscal reserves stood at $986.6 billion as at July 31.
Approved mortgage loans down 23.5% to $33.7b
The number of mortgage applications decreased 38% to 9,090.
Applications for compulsory sale surge 80% in the first eight months
15% of private residential stock are expected to be the acquisition target of developers.
Retail sales value up 4% to $36b in July
Sales value of jewellery also inched higher by 12.9%.
Banks' funding and liquidity conditions to remain benign till 2018
But potential funding volatility will come from changes in banks' loan and deposit currency mix.
Total exports value up 7.3% to $326.6b
Re-exports also edged up 7.4% to $322.9b.
Henderson Land's profits up 64% to $14.2b in the first half of 2017
Pre-tax profit contribution from property sales hit $3.2b.
Swire Properties' net rental income inched up 2.9% to HK$4.6b
Thanks to soaring occupancy rates in office and retail portfolio.
New lettings in Central dropped by a whopping 75% in July
17,300 sq ft of space was withdrawn.
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