Hong Kong
Hong Kong unveils first unmanned warehouse at Science Park
RobEx offers express courier and self-service storage.
Hong Kong unveils first unmanned warehouse at Science Park
RobEx offers express courier and self-service storage.
Over 3,000 nano flats to be completed until 2020 as residents squeeze into smaller homes
The nano flat supply is 35% higher than 2015-2017, indicating strong market takeup.
Exports recover after surging 10% to $359.1b in July
This comes from a mere 3.3% export growth in June.
Currency peg defense pushes aggregate balance down to $91b
The central bank is expected to make purchases that will drain liquidity further.
HKIA passenger traffic soars for sixth straight month at 6.7 million in July
Local resident travel boosted monthly air passenger volumes.
Soaring home prices push millennials to illegally settle in industrial buildings
An estimated 12,000 residents lived in such buildings in 2016.
Crypto mining firms test their sustainability in Hong Kong IPOs
Bitmain, Canaan and Ebang’s flotations will determine the sustainability of their tech.
Hong Kong inks 15 agreements with Shanghai to boost growth
The deals aim to spur cooperation in legal, cultural, tech, education and finance.
Hong Kong-Shanghai bond connect implements delivery versus payment system
Bond payments are due at the time of delivery.
Shopping mall supply to hit 13-year high in 2019
There are nearly 2 million sqft in the pipeline.
Over 3,000 students to receive up to $72,800 in educational subsidies
It's part of the Study Subsidy Scheme for Designated Professions/Sectors.
SFC slaps $2m fine on HPI Forex Limited
The company used client money to conduct proprietary transactions.
16 building plans approved in June
Apartment developments dominated last month’s construction plans.
Close Chinese ties raise Hong Kong banks' compliance risk
The SAR already faces medium-high money laundering risk.
Hong Kong Island office decentralisation gains ground in July
Tenants, however, still prefer being as close to the CBD as possible.
Local retail scene thrives on Mainland health scandals
Personal care stores are cashing in on the influx of troubled Mainlanders.
Home sales down 9% to 6,093 units in July
Buyers held back purchases to see the impact of new housing policies.
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