News
Exchange Fund assets up to $4.14t in July
Both foreign currency and Hong Kong dollar assets rose.
Hong Kong and Singapore private banks wage war for wealth managers to lure Asia's crazy rich
Banks are willing to offer pay hikes between 30-45% to secure the best talent.
Hong Kong's aggregate balance expected to hold above $50b in end-September
The HKMA drained further liquidity after buying $14.57b last week.
Tourist arrivals up 5.7% to 5.46 million in July but shows sign of slowing
There was a notable decline in Asian tourist volume particularly in Indonesia and Philippines.
What are the key risks to buoyant Hong Kong banks?
Intricate Mainland ties are both boon and bane.
Will investors embrace lower grade offices as price gap widens?
The gap in central for Grade A and B offices is at least $15,000.
Government moves to incentivise elderly and PWD hiring
Bosses hiring those aged 60 or above can get monthly allowance of up to $4,000 per employee.
Bank lending slows to 9.5% in July amidst threats of higher borrowing costs
This represents the slowest pace of growth in over one and a half years.
Approved mortgage loans rally 9% to $44.3b in July
This comes from a mild 4.8% growth in June.
Government unveils ‘wish list' of in-demand workers
Naval architects are amongst those who may enjoy prioritised immigration treatment.
Retail sales growth slow to single-digits in July
Sentiment has soured amidst heating trade tensions.
Standard Chartered sets up new entity to support virtual bank ambitions
Deniz Güven has been appointed as its CEO.
Over 20,000 finance workers may ditch jobs in 2018
Companies need to improve retention initiatives like regular salary reviews.
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Earnings were boosted by net fee and commission income growth.
Hong Kong urged to develop GBA blockchain and e-invoicing standard
This will enable faster cross-border fund transfers.
Government unveils extensive map and land survey platform
The Hong Kong Map Service 2.0 has digital versions of land survey records.
Has Meituan lured Tencent to its mega US$4b IPO?
The Chinese tech titan is said to be buying US$400m of stock.
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