Hong Kong
Tourist arrivals up 12.8% to 4.74m in June
Rising number of Mainland visitors offset softening tourism from rest of Asia.
Tourist arrivals up 12.8% to 4.74m in June
Rising number of Mainland visitors offset softening tourism from rest of Asia.
Age matters: Nearly 9 in 10 employees prefer older managers
Workers believe managers treat colleagues from various ages differently.
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
IPO loans boost bank lending by 0.9% in June
IPO loans were estimated at $15.3b.
Will rents take charge of Hong Kong's property market as home prices slow?
Developers are switching unsold luxury flats from the sales to leasing market to escape the claws of vacancy tax.
Approved mortgage loans down 4.8% to $40.6b in June
However, the number of applications continued to rise to 14,579.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Rents for posh apartments slow to 1% in Q2
A number of job losses freed up home stock.
Hong Kong's asset and wealth management business hit $24.27t in 2017
The private banking unit and fund advisory business performed strongly.
Trade tensions could slash H2 commercial and industrial property deals by 12%
Mid-range industrial units worth $10m to $10m are likely casualties.
Cancer drug developer seeks $7b in secondary Hong Kong listing
BeiGene is offering 65.6 million shares at $94.9 to $111.6 apiece.
Citibank Hong Kong boosts API ecosystem with three new partnerships
Watsons, EGL Tours and Fortress will integrate Citi Pay with Points API into their platforms.
Over 60 applicants scramble for a Hong Kong virtual banking license
This includes Standard Chartered Bank and online loan platform WeLab.
Exchange Fund income plunges 80% to $23.9b in H1 amidst trade worries
The fund’s total assets hit $4.1t.
Nearly half of students expect parents to pitch in for home purchases
However, this may still be insufficient to cover skyrocketing home costs.
Private flat supply pegged at 93,000 for the next four years
This is 3,000 less than the previous estimate.
Landing International Development's $1.5b casino project greenlit
It will be built in Entertainment City, Manila.
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