Hong Kong
Inflation extends steep climb after rising 2.1% in May
Prices for food and basic utilities rose steeply at 4.7% and 3.4%.
Inflation extends steep climb after rising 2.1% in May
Prices for food and basic utilities rose steeply at 4.7% and 3.4%.
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Workers are more inclined to stay amidst hefty paychecks.
Flexible workspaces represent 1.2% of Hong Kong's office space
This marks one of the least penetration rates in APAC.
BOC (Hong Kong) to beef up private banking business by at least 20%
Given enough available talent, the bank aims to double the number of its relationship managers.
Government caps import and export declaration charge at $200
The move can save as much as $458m annually.
Xiaomi lays down terms for blockbuster IPO
The smartphone maker is said to offer 2.18 billion shares at $17 to $22 apiece.
Hong Kong wide open to a financial crisis over the next three years
Worsening credit-to-GDP gaps are putting the city in danger territory.
Half of exporters remain bullish despite trade tensions
They believe US-China trade tensions will have little to no impact on export activity.
Hang Seng Bank onboards SWIFT platform for faster cross-border payments
Payments can be credited within minutes.
Hong Kong can expect at least 15 more blockbuster IPOs in second half of the year
Around 10 unicorns or startups valued over US$1b are expected to debut in the city.
Xiaomi reportedly lowers valuation after delaying Mainland offering
The likely valuation of the smartphone maker is now between US$55b to US$70b.
Unemployment flat at 2.8% in March-May
This translates to 112,300 unemployed persons.
Mobile to snap third of internet ad revenues by 2022
The segment is expected to bring in US$285m in four years time.
Banks to hike prime rates by end-June
Tighter liquidity from mega IPOs will leave lenders with no other option.
HKIA passenger volume hits 6.04m in May
The number of visitors from Japan and the Mainland surged.
Xiaomi to postpone Mainland share offering
The company may be aiming to complete its Hong Kong listing first.
Mainland lender Jiangxi Bank eyes $7.79b Hong Kong IPO
Citic Guoan Group and Dianrong are cornerstone investors.
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