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Central bank buys $2.355b to defend weakening currency peg
The HKD fell as the greenback gained strength after Turkey’s market turmoil.
Central bank buys $2.355b to defend weakening currency peg
The HKD fell as the greenback gained strength after Turkey’s market turmoil.
Only a third of startups embrace accelerators
Firms may be failing to exhaust all available support options.
Coworking operator UCommune eyes Hong Kong IPO to outbid US rival
It’s also planning to raise around US$200m in its series D round.
Hong Kong mid-year population up 0.8% to 7.45 million
Birth numbers (55,000) outweighed mortality rates (47,300).
Hong Kong is more liveable than Singapore
The SAR is at 35th place whilst the Lion City is at 37th.
Hong Kong is the fifth most preferred place for Australian expats
There are around 35,000 Australian expats in the SAR.
Waiting time for public housing hits 18-year high
It takes residents five years and three months to be allocated a flat.
Tight squeeze: Demand for nano flats doubles in first eight months of 2018
Units no larger than 300 sqft compose 12.4% total apartment sales in the city.
Developers deploy discounts to offset mortgage rate hikes
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Life annuity scheme subscription hits $4.94b out of $10b limit
Average subscription amount was at $525,000.
GDP growth slows to 3.5% in Q2 as trade war eats into exports
Around $136b of total exports stand at risk.
Two more Chinese firms jump in on biotech listing fever
Kintor and Frontier are amongst those eyeing floats.
Sought-after bank relationship managers demand 30% wage hike
The Greater Bay Area project has fuelled demand for such candidates.
Developers bear the fallout of crippling vacancy tax
Swire Properties could incur extra costs after a possible misstep.
Exports grind to a halt at 0.7% growth in June
The fall comes from a 12.9% expansion in May.
Homeowners to feel pinch as banks hike mortgage rates
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Singapore nabbed Asia's fintech crown from Hong Kong in 2017
Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.
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