Hong Kong

The coronavirus pandemic has vastly altered the way businesses operate. From physical meetings and seamless access to company servers, businesses worldwide have been forced to shift to virtual and remote working models. This paradigm shift has changed how people work, collaborate, access data and view work-life balance. Hong Kong was amongst the first cities in the world to enforce social distancing measures and many organisations were left scrambling to enable remote working to minimise operational disruption.

It eased in the information and communication, professional and business services sector.

The adjustment takes effect from 20 August.

The combined delinquent and rescheduled ratio rose slightly to 0.47%.

Entries will be accepted until 16 October 2020.

Private consumption expenditure fell 14.2% during the period.

Andy believes that Hong Kong will serve as a gateway for businesses to tap into the global capital market.

Total exports continued to decline for the fourth-straight month in June.

The airlines’ passenger business does not expect to make a recovery for some time.

Relisting in China could allow a better mix of debt and equity funding.

International brands, such as IWG and MUJI, are increasingly flocking to new areas.

Up to 90 firms could get funding and partnership opportunities with large corporates and investors.

CK Asset, Wharf and Sun Hung Kai are some of the property firms that took a big hit.

40% reported heavy usage of digital payments.

New orders, input prices and business confidence deteriorated at a quicker rate.

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