Hong Kong

Hong Kong has the world's lowest prime logistics yield

The country’s prime yield stood at 3.4%, down 30 bps from 2017.

AXA Hong Kong launches Voluntary Health Insurance Scheme

The insurer will offer personal reimbursement for hospitalisation.

Facial recognition tech: running ahead of the game

The 2019 Standard Chartered Hong Kong Marathon saw a record number of participants take part in this annual race. After the event, social media feeds were flooded with posts from marathon-going friends and friends of friends; complete with high-quality photos from professional and amateur photographers.

Hang Seng Industry Classification System to revamp stock classification

It will sort stocks into 12 industries, 31 sectors, and 94 subsectors to reflect developments in Hong Kong and Chinese markets.

Developers eye home upgraders to boost unit sales

Developers, hit by a supply decline of 6% in the next three years, look for alternatives to make profits.

Hong Kong bank loans grow 3.03% in February

Trade finance loans fell for the sixth straight month to $477.7b.

Check out Hong Kong's first co-working tower by Spaces

The building consists of 130 private offices and 800 workstations.

Retail sales up 7.1% to $48.1m in January

Sales at department stores and F&B outlets rose 15.1% and 13% respectively.

Decentralisation underpinned 2.6% rise in Quarry Bay rents to $54.65 psf in February

Stocks of larger floor space are expected to be released in 2020 and 2021.

Home sales dropped 10% to 4,089 in February

Sales have weakened ever since prices started falling in July 2018.

Authorities remove nine categories from proposed extradition law

It will cut sections including bankruptcy, securities and futures, and intellectual property.

Hong Kong takes the world's 19th most powerful passport

Hong Kong’s passport holders have visa-free or visa-on-arrival access to 169 countries.

Hong Kong consumers more willing to share data than UK and Germany: survey

Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.

Cathay Pacific to acquire budget airline HK Express for $4.93b

If the acquisition goes through, Cathay Pacific would control three of Hong Kong’s four passenger airlines.

Hong Kong clinched $21.19b across 35 IPOs in Q1 2019

The industrials sector received the highest number of IPOs with seven deals with a total of US$263m.

New players enter scene but an iconic hotel exits

The Excelsior will be transformed into a mixed-use commercial building.