Hong Kong

Real GDP forecast revised down to -1.3% for 2019

Revised GDP figures revealed that the economy contracted 2.9% in Q3.

Real GDP forecast revised down to -1.3% for 2019

Revised GDP figures revealed that the economy contracted 2.9% in Q3.

Portion of Kai Tak runway sold for $15.95b

The amount was slashed by up to 20% from the top price range.

How US Trusts Can Benefit Hong Kong & Singapore Residents

Asset Protection Trusts (APT) can be used by anyone to protect their assets. There are many advantages to using APTs which include shielding assets from political instability in one’s home country, protection from litigation from creditors, protecting beneficiaries from wasting the assets and even providing protection against your assets being taken in a divorce.

Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study

This is well below APAC’s average salary increase of 3.2%.

Business activity sinks to record-low as PMI drops to 39.3 in October

Demand from mainland China fell at the sharpest rate in 21 years.

Four mobile networks buy 5G spectrum for $665.13m

The assignment of the spectrum will take effect in December.

SFC to issue virtual asset trading license

The regulator has published a set of standards comparable to licensed securities and trading brokers.

DBS Hong Kong launches fully virtual wealth management account

Customers can now set-up a multi-currency savings and wealth management account through their smartphones.

Property sales down for fifth straight month in October

But total sales consideration soared 44% to $65.6b.

Tech, real estate deals buck PE decline as Chinese deal appetite falls

Exits are becoming tougher and investors have no choice but hold onto assets as returns decline.

Retailers turn to experiential selling to combat sales slump

Brands are urged to enhance their own mobile platforms in an effort to sustain the connection with customers long after they have left the store.

Restaurant receipts down 11.7% to $26.4b in Q3

This is the worst year-on-year decline recorded since the SARS outbreak in 2003.

Retail sales down 18.3% in September

Retail sales are expected to stay weak in the near term as local social incidents continue.