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Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Hong Kong Island's pricey office rents push cash-short tenants to Kowloon
Kowloon saw over 100 new leasing transactions in September.
Equities rout wiped out 7.38% from MPF in January-October
Citizens lost an average of $19,661 in the first ten months of 2018.
Office rents to fall 3.8% in 2019 as stock markets slump
The slowdown will break a four-year streak.
Do banks have reason to fear as Chinese lending accelerates?
Mainland Chinese exposure accounted for nearly a third of total assets.
Mid-price brands outdo luxury retailers in August expansion
Charles & Keith is opening another store in Parker House.
Restaurants continue to thrive as receipts hit $29.9b in Q3
Bars outperformed other food segments after receipts grew 10.1% in value.
Financial losses from cyber attacks skyrocketed 680% from 2012-2016
Banks are especially vulnerable to threats.
PMI hits 48.6 in October as Chinese demand falters
The decline in sales to Chinese markets was the highest in two years.
Bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
All roads point to a correction for Hong Kong's weakening property market
New-home sales in October fell to its lowest level in 16 months.
Asia's ultra wealthy stoke Hong Kong and Singapore's family office boom
The number of newly built offices may have grown 15% in first three quarters of 2018.
Blockchain-powered trade finance platform goes live
eTradeConnect will digitise the paper-intensive process.
Hong Kong unveils rules in bid to tame crypto assets
Fund managers will need to meet licensing conditions.
Retail sales grind to a halt at 2.4% to $36.6b in September
Trade tensions and typhoon Mangkhut were a double whammy.
Hong Kong is Asia's second most sustainable city
Growing air pollution and housing affordability, however, cloud its outlook.
Hong Kong still trails behind Singapore in ease of doing business
It ranks fourth whilst the Lion City nabbed second place.
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