News
Credit card receivables up 0.2% in Q2
The combined delinquent and rescheduled ratio rose slightly to 0.47%.
Credit card receivables up 0.2% in Q2
The combined delinquent and rescheduled ratio rose slightly to 0.47%.
Government unveils enhanced measures for Distance Business Programme
The funding period for subscription-based IT solutions will be extended from six to 12 months.
HKB Management Excellence Awards 2020 is now open for nominations
Entries will be accepted until 16 October 2020.
Export volume down 6.2% in H1
Total exports continued to decline for the fourth-straight month in June.
Cathay Pacific records $9.87b loss for H1
The airlines’ passenger business does not expect to make a recovery for some time.
95% of new office lettings in June occurred outside Central area
International brands, such as IWG and MUJI, are increasingly flocking to new areas.
InvestHK floats fast-track fintech programme
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Hong Kong crisis deals $59.68b blow to property tycoons
CK Asset, Wharf and Sun Hung Kai are some of the property firms that took a big hit.
Businesses spearhead fintech usage in Hong Kong
40% reported heavy usage of digital payments.
WeLab Bank rolls out in Hong Kong
Clients can open an account in five minutes.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Residential sales to drop as third COVID-19 wave persists
New residential projects scheduled for sale are also likely to be further postponed.
Mortgage applications slipped 7.9% in June
Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.
Lands Department awards Tai Po site tender to Wealth Honour
It spans about 22,608 sqm and is designated for private residential purposes.
Hong Kong's retail sales slip 24.8% in June
The decline softened as the local epidemic abated during the month.
GDP sinks 9% in Q2
Private consumption expenditure continues to counter the growing public consumption.
Exports down 1.3% in June
Exports to major markets outside Asia saw double-digit decline.
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