Hong Kong
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
WeLab is backed by financial heavyweights like Alibaba and IFC.
Fintech loan platform pushes to be Hong Kong's first licensed virtual bank
WeLab is backed by financial heavyweights like Alibaba and IFC.
74,700 new public rental housing units to be launched in the next five years
Even with the steady supply, waiting time for housing applicants has increased.
Government eyes $36,000 tax break to incentivise retirement saving
It would apply to residents who voluntarily top up their MPF account.
HKIA passenger traffic up 0.8% to 6.32m passengers in April
Visitors to and from the Mainland and Japan buoyed monthly figures.
GDP growth hits seven year high as economy surges 4.7% in Q1
Strong private consumption levels and exports buoyed the domestic economy.
US biotech firm mulls Hong Kong IPO following bourse reform
Stealth BioTherapeutics is reportedly seeking around $200m for its public debut.
How 5G will keep Hong Kong connected
The beauty of living in a place where the history and geographic location fuels inventive minds is very apparent here in Hong Kong. The city’s landscape pushes builders to create the astonishing feats of engineering that are our bridges and tunnels. And the fast-paced economy has led to the world-renowned MTR public transportation system, that notably has strong cellular signals available underground, allowing passengers to remain connected whilst traveling on the train. Hong Kong’s history of being a hub for Asia-Pacific trade fuels the region’s desire to be connected via e-commerce.
What could possibly cost more than a flat in space-starved Hong Kong?
HSBC and Standard Chartered have even started offering mortgages for these products.
Goods export up 5.3% in March
Double digit growth was posted in export volume to the Mainland.
Hong Kong banks face heightened risks from close Chinese ties: Fitch
The credit rating agency noted that China's governance standards are lower than Hong Kong's.
Hong Kong economy to slow to 3.2% in 2019: IMF
The subdued growth forecast is tied to the slowdown in Mainland China.
Government to unveil nine city centres for nationwide smart ID replacement
It will be rolled out by the end of 2018.
Tech talent scheme to launch in June
It aims to accelerate the admission of overseas and Mainland R&D talent.
Central bank paves way for fintech application in lending
Instead of collecting income proof assessing creditworthiness, banks may use big data and other fintech.
Failure to plug talent shortage could cost Hong Kong $1.73t in lost potential revenue
The city’s competitiveness could be easily eroded within a decade if companies do not act soon.
Loan growth extends climb after rising 15% in March
This represents the fourteenth consecutive month of double-digit annual growth.
Ping An widely anticipated debut fails to live up to the hype
The company plummeted by as much as 11% to trade below the low end of the range.
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