News

Tech giants challenge HKEX reform provisions

The listing proposal is seen clashing with draft rules in the Mainland.

Tech giants challenge HKEX reform provisions

The listing proposal is seen clashing with draft rules in the Mainland.

Property sales rose 32.8% to 7,456 in February

Total consideration for the sale and purchase agreements hit $62.6b.

Retail sales up 4.1% to $44.9b in January

Consumer sentiment rose despite difference in the timing of the Chinese New Year.

Hong Kong opens up land bidding process but still lags on transparency

The government will provide data on all bids only after the winning transaction is sealed.

Amazon-backed cancer detection firm mulls Hong Kong IPO

Grail boasts of a wide range of blockbuster investors including Tencent and Bill Gates.

It's now cheaper to switch to an e-car in Hong Kong

Car owners can choose to switch to an e-vehicle to enjoy $250,000 tax concession.

Nearly $20b earmarked for education upgrades

This will translate to more scholarships and new public school lifts.

Government earmarks $50b to power IT sector

Almost half ($20b) is reserved for the Hong Kong-Shenzen Innovation and Technology Park.

Ocean Park propelled by $30m government boost as Disneyland flounders

Finance Secretary Paul Chan pledged the financial assistance to boost the city's tourism.

Chinese energy investor ditches Li-Ka Shing office tower sale

New investors Hui Wing Mau and Pollyanna Chu Yuet Wah will take 20% and 17% stake to fill in the vacuum.

Mega transport projects accelerate Hong Kong's construction boom

It’s expected to grow 1.8% annually between 2018 and 2022.

Exports rose 18.1% to $350b in January

Significant trade increases were registered in Taiwan, the Mainland and Vietnam.

Hong Kong bosses prefer to upskill than hire to combat market disruption

31% aim to leverage the expertise of other businesses by partnering with digital agencies.

Nearly half of employees expect to ditch their jobs in 2018

49% have expressed dissatisfaction with their compensation package.

Secondary home sales up 21% to 1,725 in first half of February

This is partly due to stamp duty amendments encouraging home upgrades.

Hong Kong offers better jobs than Singapore, say expats

They also receive more competitive salaries at USD148,410 than Singapore expats at USD117,904.