Hong Kong
Commercial property investments plunged 71% in H1
This marks the lowest for a six-month period since 2009.
FDA authorises marketing of IQOS as a modified risk tobacco product to help addicted smokers transition away from combustible cigarettes
This follows after the FDA authorised IQOS to be sold in the US in 2019.
HKMA sells $8.14b into market as currency hits strong end of trading band: report
The aggregate balance will increase to $146.93b ($18.96b) on 9 July.
Tsim Sha Tsui overtakes Causeway Bay as priciest retail district
The district’s diverse trade mix lends it to more sustainable rents.
Lands Department issues seven pre-sale consents in Q2
Four of these are phased developments, making up 818 residential units.
Foreign firms give up office spaces in Hong Kong
Foreign companies make up 61% of the total surrender of office stock in Q2.
Employment Support Scheme to disburse fifth batch of wage subsidies
This batch will receive an average wage subsidy of about $460,000.
Tech giants' China face-off risks sparking exodus from Hong Kong
Firms such as Microsoft and Zoom suspended data requests from the local government.
Structural changes underway for Hong Kong's retail sector
Landlords are still reluctant to substantially cut rents.
Hong Kong ranks 15 in real estate transparency index
The city could elevate to ‘highly transparent’ if its sustainability transparency improves.
Property sale and purchase deals down 24.7% in H1
The total consideration for these agreements also dipped 8.8% to $269.02b.
Cathay Pacific considers drier storage options for unused planes
It is examining plans to store more than 50 widebody aircraft out of 236 planes outside Hong Kong.
Hong Kong ranked as sixth priciest market for expats globally
Prices dropped amidst a double whammy of the political unrest and the pandemic.
6 out of 10 workers feel inadequately skilled for the future: survey
Almost half believe that their employers will re-skill and find them another position.
Local startup scene attracts overseas founders to set up in Hong Kong
Startups are getting a lot of opportunities from various subsidies and partnerships.
Hong Kong's IPO market reached $87.5b in H1 2020
This is a 22% increase from the same period in 2019.
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