News

Flexible working spaces in Hong Kong doubled in past three years

There are more than 50 operators covering over 1m sq ft in land area.

Flexible working spaces in Hong Kong doubled in past three years

There are more than 50 operators covering over 1m sq ft in land area.

Insurance tax bill gazetted

It enables a tax deduction for residents buying health insurance under the VHIS.

Property developer to default on dollar bonds amidst rising borrowing costs

Hsin Chong Group’s inability to pay its debt mimics Noble Group's insolvency situation.

Citigroup fined $57m for IPO sponsor failures

The SFC slammed Citi’s ‘inadequate and substandard’ due diligence work on Real Gold’s flotation.

Will Hong Kong's shopping boom meet another devastating end?

The recent surge in retail sales may not even last for the second half of 2018.

Unemployment dips to 2.8% in February-April

Higher employment in the education sector kept the job market tight.

Seven in 10 Hong Kongers abandon dream jobs with drawn out applications

Almost 90% believe that a reasonable waiting period for feedback is up to one month.

Tax amendment bill passed

It aims to implement tax measures proposed in the 2018/19 budget speech.

HKMA purchases $9.5b in HKD to defend flailing currency peg

The central bank has spent a total of $62.41b to protect its currency system.

Can back-to-back blockbuster IPOs live up to the hype?

Despite being oversubscribed, shares of tech startups have struggled to deliver on their promise.

Sun Hung Kai Properties snaps up Kai Tak site for record $25.16b

The purchase represents the most expensive land sold by lump price.

Bitcoin mining hardware firm files for $1b IPO in Hong Kong's first cryptocurrency flotation

Canaan Inc accounts for about 15% of the global bitcoin mining chip market.

Hang Seng Bank rolls out AI chatbot for business banking

The virtual assistant BERI will be available on the bank’s website and mobile app.

Robust local consumption buoy retail capital values to 0.3% in Q1

The marginal growth represents the first quarterly expansion in four years.

China pledges funding for local sci-tech development

President Xi ordered state agencies to lend assistance to local scientists.

Can Hong Kong steal the wealth manager crown from Switzerland?

The banking secrecy capital's dominance has been on a steady decline since 2010.

Hong Kong to host another blockbuster IPO with China Tower's flotation

The mega offering comes recently after Xiaomi’s recent public debut.