News
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Hong Kong slaps $100m fine on global banks over IPO sponsor failures
UBS faces the highest fine of $47.77m.
Hong Kong is Asia's priciest rental haven for expats
Rental hikes will also be observed in outlying neighbourhoods as firms eye for more affordable places outside the central area.
2 in 5 professionals expect to change employers in the year: report
Close to three in 10 are actively seeking new positions.
Nine in 10 employees expect a bonus in 2019
A majority or 73% anticipate an annual bonus of up to two months.
Insurers gear for Hong Kong's $1.27b national health insurance programme
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Housing Society trials public housing scheme for the elderly: report
It could cost around $80m and is expected to be completed by 2020.
Almost half of Hong Kong SMEs have no desire to internationalise
Three in five SMEs operate in Hong Kong only.
Tourist arrivals up 27.2% to 6.8 million in January
There were 5.54 million Mainland visitors.
Retail sales reverse slowdown with 7.1% gain in January
The earlier arrival of the Lunar New year boosted sales growth.
PMI hits 48.4 in February as demand and output sink
Output dropped for the eleventh straight month.
65% of employees think companies lack transparency on pay levels: survey
But 64% also claim to be satisfied about their salaries.
Private home supply for 2019 falls 39% to 15,540 units
The new supply is concentrated in Kai Tak.
A fourth of Hong Kong firms invested over US$1m in digital transformation in 2018: research
Over a third said total spending on technology may grow more than 10% in the next three years.
Government splashes out $16.1b to improve public hospitals
Approximately $700m will go to doctors, nurses and the Hospital Authority’s supporting staff.
UK data centre operator Global Switch mulls Hong Kong IPO
It chose CLSA, Goldman Sachs, JPMorgan Chase & Co., and Morgan Stanley to be the arrangers.
Only 2% of senior executives have a concrete plan to address skill shortages: survey
Information security, big data analytics and digital product development were cited as the most critical roles.
Hang Seng Bank's profits up of 21% to $24.2b in FY2018
Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.
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