Hong Kong
Retail sales plunged 23.6% in November
Sales of luxury goods fell 43.5% despite the Christmas season.
Retail sales plunged 23.6% in November
Sales of luxury goods fell 43.5% despite the Christmas season.
IPOs in Hong Kong could raise $260b in 2020: report
Reforms on weighted voting right is boosting diversification of the capital market.
Economic downturns threaten HSBC profits, restructuring: analysis
Low confidence levels could reduce demand for credit and lending and revenue growth.
Property deals down 5.5% to 74,804 units in 2019
December deals crashed 41.7% to 3,908.
It's the most wonderful time of the year!
We're taking the time off!
Hong Kong tipped to record 160 new listings in 2020
Alibaba’s HKEX debut may inspire US-listed Mainland firms to list in the city.
Airlines hit by job cuts and bankruptcies amidst unrest
Cathay Pacific Airways may have to cut as much as 1,000 jobs.
Hong Kong's global finance centre status weathers protests' effects
But its perception as a stable international hub is slowly deteriorating amongst foreigners.
Unemployment rate edged up to 3.2% in September-November
The unemployment rate in F&B service activities sector reached an eight-year high.
Poverty rate rises to 20.4% in 2019
This was blamed on the accelerating number of ageing citizens.
Investors' retirement savings withdrawal rate unsustainable: Schroders
The rate of 8.9% could deplete their savings in a decade.
Index of industrial production for manufacturing up 0.4% in Q3
This was driven by a rise in output volumes in the food, beverages, and tobacco industry.
Over half of residents not keen on buying a property in Q3
Six in 10 find it a bad time to purchase a home right now.
GDP down 0.5% in Q3
This amounts to $722.8b, whilst GNY fell to $764.1b.
Value of construction works down 3% to $58.4b in Q3
Value of work at public sector sites fell to $15.5b.
Rents for five new public housing blocks set at $85.5 psm
This meant that 36% of the flats can be rented below $2,500 monthly.
CityU, Deloitte and FORMS to develop blockchain-based credential ledger system
It can be used to verify the qualification of job candidates.
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