News
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
Hong Kong bests New York and Shanghai as it tops IPO activity rankings in Q1
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
Posh home prices up for 20th consecutive month in February
A luxury apartment at the Peak sold for almost $130,000 per sq ft at $590.19m.
Government earmarked $50m for Technology Voucher Programme
It aims to subside the technological solutions of local, non-listed enterprises.
HKIA passenger traffic up 6% to 5.82m in February amidst CNY break
Travellers from the Mainland and Japan took advantage of the long vacation.
Exports up 1.7% to $245.7b in February
Trade outflows to Malaysia and Philippines buoyed monthly figures.
Workers rejoice: average wage rate rose 2.1% in December
Payroll per person also increased 2.6% in Q4.
Check out which sector dominated Hong Kong's IPO charge in Q1
This sector snapped a third of the city’s public offerings.
Chinese developers slow down property acquisition spree
Local developers bid more aggressively as Chinachem and The Wharf snatched two GLS sites.
Tencent-backed food delivery startup seeks Hong Kong IPO
Meituan Dianping is reportedly mulling a valuation of at least $60b.
Small business optimism hits six year high as technology accelerates growth prospects
Almost half (48%) admitted that technological investment boosted company profits.
F&B sector hit by highest vacancy rates in December
The industry had roughly 12,120 vacancies.
Unemployment flat at 2.9% in December-February
This is equivalent to 3.98m unemployed persons.
Inflation levels extend climb after rising 3.1% in Feburary
The price of basic utilities rose for the second consecutive month.
Hong Kong's richest woman loses US$6b as casino firm crashes
The losses began after authorities warned that the shares were concentrated amongst a small stockholder group.
Prime office rents extend run after rising 5.2% in Q4
Admiralty and Sheung Wan led the charge after rising 11% and 9% respectively.
Homebuyer subsidy not feasible: Financial Secretary
If interest rates rise, lower property prices may only hurt mortgage payers.
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