Hong Kong
Developers deploy discounts to offset mortgage rate hikes
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Developers deploy discounts to offset mortgage rate hikes
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Hong Kong-New Zealand tax treaty protocol kicks into effect
It implements the automatic exchange of information in tax matters on a bilateral basis.
Life annuity scheme subscription hits $4.94b out of $10b limit
Average subscription amount was at $525,000.
Bank of East Asia unveils centralised e-payment platform for merchants
BEA’s ‘i-Payment hub’ can process different payment types in a single device.
GDP growth slows to 3.5% in Q2 as trade war eats into exports
Around $136b of total exports stand at risk.
Two more Chinese firms jump in on biotech listing fever
Kintor and Frontier are amongst those eyeing floats.
Sought-after bank relationship managers demand 30% wage hike
The Greater Bay Area project has fuelled demand for such candidates.
Developers bear the fallout of crippling vacancy tax
Swire Properties could incur extra costs after a possible misstep.
Exports grind to a halt at 0.7% growth in June
The fall comes from a 12.9% expansion in May.
Homeowners to feel pinch as banks hike mortgage rates
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Singapore nabbed Asia's fintech crown from Hong Kong in 2017
Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.
Residential broadband provider HKBN to buy WTT HK in $10.5b deal
The private equity firms that own WTT would own around 11.66% stake each in HKBN.
Philippines to scrap Landing International Development's US$1.5b Manila casino project
The move comes mere minutes after the firm broke ground.
Hong Kong stock exchange operator profit surges 44% to $5.04b in H1
Record revenues from trading and jumbo listings boosted HKEX half-year earnings.
Chinese tech firm Bytedance eyes US$3b in funding before jumbo Hong Kong IPO
It would put the firm in prime position to be the world's second largest unicorn.
Asian fintech funding skyrocketed 740% to US$16.8b in H1
Thanks to the US$14b funding round by China's Ant Financial.
HKIA passenger traffic up 5.2% to 6.21 million in June
This represents the fifth consecutive month of growth.
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