News
Zero negative equity for homeowners for the first time in 16 years
Thanks to the ever rising value of residential properties.
Zero negative equity for homeowners for the first time in 16 years
Thanks to the ever rising value of residential properties.
Hong Kong is the world's fourth most secretive financial center
In its bid to attract more offshore financial services, it is ranked roughly on par with Panama.
Struggling tourism sector rebounds as visitor arrivals rise 3.2% in 2017
This is equivalent to over 58 million tourists.
Mortgage applications down 14.2% to 10,520 in December
The value of approved mortgage loans also decreased to $27.8b.
Hong Kongers spend more than a fourth of their day online
It holds the second fastest global average internet connection speed at more than 140 mbps.
2 in 5 bosses did not offer performance-related bonuses in 2017
From this number, only 10% ensured that all their employees received their bonuses.
Imminent slowdown for Hang Seng Index looms despite present bull run
Morgan Stanley is eyeing a dip in the HSI within weeks.
Hong Kong's startup scene takes off amidst strong government support
AI, biomedicine and fintech are amongst key development areas in its bid to be the next Silicon Valley.
9 in 10 Hong Kongers willing to spend more on renewable energy
Over half of this population are willing to pay the equivalent of a 5% electricity bill hike.
Green Form Subsidised Home Ownership scheme to be regularised
The GSH pilot project in King Tai Court, San Po Kong proved the merits of the scheme.
7 in 10 executives believe Hong Kong is being outpaced by other smart cities
They believe that Hong Kong lags behind in fostering a technology and innovation culture.
Exchange Fund smashes records after investment income hits $252b in 2017
Total assets reached $4.02t which represents a $404.8b annual increase.
Poor IT education burdens half of Hong Kong's CIOs
The current IT pool is therefore not well-equipped to meet the demands of the workforce.
Hong Kong investors acquire Chinese bitcoin exchange BTCC
This comes amidst a crackdown on cryptocurrency trading by Chinese authorities.
Only 2 in 10 employers plan to offer substantial pay hikes in 2018
This is equivalent to a salary increase of more than 6%.
State-funded incubator boost startups in creative industries
The Design Incubation Programme supports ventures in fashion, interior design and media amongst other creative fields.
Pending housing supply slumps 33% to 17,000 units under construction in 2017
Analysts, however, believe this is no cause for alarm as staggered housing launches will still be sufficient.
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