News
Banks expected to report stable profits in 2017
Fee income will improve in the next 12-18 months.
Hong Kong investors shelled out US$4.9b for cross-border assets
They're the second biggest spenders in Asia.
1 in 2 Hong Kong travellers go solo: survey
28% said they needed to be alone.
Here's why it's harder to retain and attract younger bankers in Hong Kong
Recruitment strategies must now take into account these industry changes.
Cathay's overseas operation to be affected by workforce review
It recently cut 600 jobs.
Property sales drop 31% in July
There were 5,461 agreements signed.
Hong Kong's retail sales value up 0.1% to $33.7b
Sales of jewellery and valuable gifts inched up 0.8%.
Hong Kong gender pay gap widens to 22.2%
It topped Singapore's pay gap by 10ppt.
Investments in en-bloc residential buildings hit $4b
Mainland developers are gaining interest in such projects.
Home buyers face skyrocketing management fees
Labour costs account up to 40% of these fees.
Banks' problem loan ratio to remain stable over the next 18 months
The banks' asset quality is expected to be resilient.
Hong Kong's RMB deposits up 0.2%
Overall foreign-currency deposits inched up 0.4%.
Government surplus hit $40.1b in June
Expenditure reached $40.6b during the month.
Mortgage loans up 5.6% to $44b
Primary market transactions rose 19.2%.
These factors are weighing on Hong Kong banks' credit profiles
Rising private sector debt is one key risk.
Hong Kong recruits more part-time doctors amidst manpower shortage
Over 300 doctors are now part-timers at public hospitals.
Exchange Fund gains $126.5b in 1H17
Total assets now stand at $3.9t.
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