Hong Kong
Government launches Green Bond Grant Scheme
It subsidises green bond issuers in obtaining certification.
Government launches Green Bond Grant Scheme
It subsidises green bond issuers in obtaining certification.
Hong Kong is the second largest offshore wealth center
It trails behind Switzerland after managing US$1.1t in offshore wealth.
Cyberattacks could cost Hong Kong nearly $250b annually
Mobile payment apps are expected to be the next high-value target.
Mainland online lender Lufax guns for US$2b fresh funding amidst IPO delay
It was originally planning to debut at the first half of 2018.
US biotech firm seeking larger valuations rush to Hong Kong
Sorrento Therapeutics is one such firm hoping to cash in on the trend.
Manufacturing industrial production index up 1.1% in Q1
Output volume from food, beverages and tobacco industry rose 2.4%.
Swire Properties to reportedly sell Cityplaza Three and Four for $14b
The buyer is Hengli Investment Holding Group.
US tightening buoys banking profitability
Funding costs are expected to stay low, boosting NIMs.
IPOs surge 33% to US$725m in H1 2018
A total of 53 companies went public in the first half of the year.
Chinese medical tourists are exhausting local HPV cancer drug supply
An estimated 2m Chinese have come to Hong Kong to receive the shot in past two years.
One in five employers to hire staff in 3Q18
There is shortage of employees in healthcare, construction, and transport.
A fifth of employees are unhappy with their jobs
About one in three believe that they are not well-trained for the digital economy.
Shun Tak snaps two Singapore prime properties for $3.49b
The aggressive bidding is expected to push property prices in Singapore's Orchard Road.
Civil service workers to enjoy pay rise for 2018-19
Employees in the upper band and directorate will enjoy 4.06% higher wages.
Hong Kong trails behind Singapore in asset management business
The city managed US$31.8b in private wealth compared to Singapore's US$53.4b.
Weakening dollar is making Hong Kong cheaper for expats
Tokyo, Seoul and Shanghai have overtaken the city in cost of living rankings.
Xiaomi hit by $8.58b loss in Q1 ahead of blockbuster IPO
However, Xiaomi is still on track as smartphone shipments ballooned 88%.
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