News
Trading quota between Hong Kong and Mainland expanded fourfold from $13b to $52.54
This will kick into effect on May 1.
Trading quota between Hong Kong and Mainland expanded fourfold from $13b to $52.54
This will kick into effect on May 1.
Hong Kong dollar plunges to record low at $7.85
This marks the first breach since the range was imposed in 2005.
Hong Kong to link central bank system with Japan for faster cross-border transactions
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
PMI falls to 50.6 in March amidst slowing factory output
This was the weakest showing in five months.
US-China trade war could hammer export-dependent Hong Kong hard
Merchandise trade accounted for 157.4% of 2017 GDP.
Hong Kong soars to the top of air cargo hub rankings
It has handled over 5m metric tonnes in 2017.
Hong Kong beats Singapore as APAC's easiest city for financial compliance
It remains one of the easiest locations to do business globally.
Office net absorption hits 160,900 sq ft in February
Hong Kong East is emerging as a preferred destination with rents rising the fastest at 0.5%.
Employees call for more government upskilling incentives
These could take the form of tax rebates or subsidies.
Property sales down 15.6% in March
Total consideration for sales and purchase agreements fell to $50.5b.
Loan growth poised to crash as home prices falter
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
New consumer tech launches fail to gain ground in Hong Kong
Ownership of wearable tech only stands at a dismal 9%.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Retail sales surge 29.8% to $45.2b in February
Consumer spending hit a seasonal high before the Chinese New Year Festival.
US-China trade war could cost one in 5 Hong Kong jobs: FS Chan
The trading and logistics industry, which employs over 700,00 people, remains highly vulnerable.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Housing Authority transfers rates concession to tenants
Maximum total amount is estimated at $2.45b and $50m for domestic and non-domestic licensees.
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