News
Value of construction work down 8% to $57b in Q2
The value of construction projects for public sector sites crashed 26.9% YoY.
Value of construction work down 8% to $57b in Q2
The value of construction projects for public sector sites crashed 26.9% YoY.
Real estate and insurance industries saw double-digit growth in business receipts in Q2
Business receipts in nine out of 15 service industries went up in value.
HKEX makes $285.86b unsolicited bid for the London Stock Exchange
However, the proposal requires the London bourse to terminate its acquisition of Refinitiv.
Sun Hung Kai sells homes 20% lower as protests persist
The price is close to those set two years ago for the same development.
Icon Group acquires Hong Kong oncology clinic SunTech Medical
It is keen to make inroads into the ageing city.
Hong Kong economy may post 0% growth in 2019
However, GDP growth may recover 1.2% by 2020.
Expats eye retreat from Hong Kong amidst unrest
Applications for general employment visas dropped 7% in August.
Tourist arrivals plunge 40% in August in sharpest decline since SARS crisis
The social unrest which blocked airport and roads spooked tourists.
Sales of watches expected to steady or grow in 2020
Smart and automatic watches are viewed as the most popular categories.
HKEX inks sign fintech MOU with Ping An
The deal aims to build Hong Kong’s capital market ecosystems.
Total port cargo rose 4.8% to 69.3 million tonnes in Q2
Tonnage of outward port cargo to Macao skyrocketed 79.2%.
Kowloon properties up for auction with $2.14b reserve price
Total site area is at 19,725 sqft.
HKMC unit launches relief measure for SME borrowers
Only interest payments have to be made during the moratorium.
Hong Kong heads towards recession as August PMI sinks to 11-year low
Cutbacks in purchasing activity was the worst recorded since July 1998.
New residential launches halved in July-August
Billion Development’s The Aurora's sold-out units are Tsuen Wan's cheapest in a decade.
Tourist arrivals down 4.8% to 5.2 million in July
Arrivals from China dropped 5.5% in the same month.
Property sales down for third straight month in August
Sales plummeted 30.4%, a $18.05b loss compared to a year earlier.
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