Hong Kong
Bank loan growth slows to 8.4% in August as business sentiment sours
Domestic financing and mortgages took a beating.
Bank loan growth slows to 8.4% in August as business sentiment sours
Domestic financing and mortgages took a beating.
OCBC Wing Hang Bank kills $425.9m sale of Hong Kong Life Insurance
The closing conditions have not been met in time.
Faster Payment System goes live
Customers can now make and receive real-time payments.
Tourist arrivals rally 17.4% to 5.89 million in August
Sustained influx of Mainland visitors drove tourism levels.
Approved mortgage loans up 7.7% to $47.7b in August
The number of mortgage applications also rose 26.3% to 17,963.
Over 3,300 flats to be available in Q4
Around 2,630 will come from the sale of four residential sites.
Myanmar offers tourist visas on arrival
Visitors can stay in the country for up to 30 days.
Hong Kong faces world's greatest housing bubble risk: UBS
The SAR is also the most overvalued housing market.
Home sales crash 21% in August amidst buyer pull out
The dismal market take-up translated to 4,882 sold units.
Office vacancy rates let up to 4.2% in August
The wave of new supply relieved the pressured market.
Exports weather through trade woes after rising 13.1% to $376.3b in August
This extends a 10% growth recorded in July.
Workers rejoice: Six in 10 firms hiked average wages in June
The average wage rate inched up 1.2%.
Government urged to boost home density in Kowloon and New Territories
The aim is to bring home density levels to that of Hong Kong Island.
Hong Kong ends era of cheap money after hiking base lending rates to 2.5%
Banks are widely expected to hike prime rates soon.
Government to launch central building management platform
Owners can learn about maintenance work from relevant authorities themselves.
Chinese developer Midea Real Estate seeks up to US$493m in Hong Kong float
It is offering 180 million shares priced at $17 to $21.50 apiece.
Hong Kong retains title as world's freest economy
The SAR ranked top in international trade freedom and regulation.
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