News

Government injects $10b to set up public healthcare stabilisation fund

The Hong Kong Genome Institute will also be established to promote the clinical application research on genomic medicine.

Which bank enjoys the highest customer satisfaction in Hong Kong?

This lender occupies the top spot for the second straight year.

Hong Kong's Finance Academy to open in mid-2019

It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.

GDP growth may moderate to 2.2% in 2019 amidst cautious business sentiment: analyst

Q4 2018’s slower GDP growth was mainly driven by a significant drop in fixed investment growth to -5.4% YoY.

BEA's profits crashed 30.4% to $6.5b in 2018

Weak investment activity hit its retail and private banking arm.

Hong Kong's 2018 budget surplus dropped 57% to $58.7b

This was partly blamed to weakened revenues of land premium and stamp duties.

Poll: 67% of Hong Kong and Singapore investors plan to invest in Chinese onshore bonds in 2019

Sentiment was driven by the upcoming Bloomberg Barclays Global Aggregate Index inclusion in April 2019.

Healthcare spending may double to $315b by 2033

Hospital-based care accounted for total health expenditure of $75.1b in 2018.

Chinese TMT IPO proceeds triples to $264.9b in 2018

China Tower Corp, Xiaomi Corp and Meituan Dianping had the largest IPOs in H2 2018.

HKEX acquires Shenzen-based tech company

The firm plans to buy a 51% equity interest.

Tourist arrivals surge 17.9% to 6.59 million in December

There were over 5.12 million tourists from the Mainland.

Hong Kong's residential rents may be bottoming out

The rental decline narrowed to 0.3% in January.