Hong Kong
Steady southbound inflows buffer HSI from market shocks and global bearishness
Stock purchases from Mainland investors were able to offset bourse losses following a US slump.
Steady southbound inflows buffer HSI from market shocks and global bearishness
Stock purchases from Mainland investors were able to offset bourse losses following a US slump.
Household debt weighs heavily on homeowners as home prices far exceed wage growth
The situation could only go worse if local interest rates rise.
Acquisition of Central skyscraper may post the largest property loan at $33b since 2015
A Chinese-led consortium is seeking to acquire billionaire Li Ka-shing’s The Center.
Homegrown startups raise record-high funding as total VC investment hits $425m in Q4
The $220m capital infusion for fintech startup WeLab was the ninth largest year-end deal in Asia.
Government urged to offer profits tax concession to qualified startups and tax relief to angel investors
The move is sure to encourage increased levels of private investment, said EY.
PMI down to 51.1 in January amidst rising backlogs and lower employment
Firms also had to grapple with higher raw material prices which may have led to some layoffs.
3 in 5 companies willing to hire overseas to plug skill shortage
Most employers believe that skill shortages will hamper their daily operations in 2018.
Total visitor arrivals up 4.7% to 5.59m in December
The influx of tourists from the Mainland contributed significantly to the year-end figures.
Stamp duty rebate extension opens residential sales market to more players
As a result, more secondary homes may be put up for sale.
What are the key priorities for Hong Kong's financial institutions this year?
Battling anti-money laundering remains high on their agenda.
Shanghai Henlius Biotech eyes Hong Kong IPO
This comes amidst the bourse reform plan allowing the listing of pre-profit biotech companies.
Number of building sale and purchase agreements hits 7,223 in January
The total consideration reached $68.5b.
Year-end home prices up for 14th month in a row
And it’s poised to rise by as much as 10% in 2018.
Hong Kong beats Singapore as world's freest economy
It has occupied the top spot for the 24th consecutive year.
Should the government provide refundable R&D credits to stimulate private investment?
However, the administration must first clarify its definition of R&D activities and expenditures, PwC said.
Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018
PwC forecasts that high profits from land sales, tax and stamp duty would buoy fiscal revenue to over $620b.
Healthier tourist arrivals boosts struggling retail sector as sales hit $446.1b in 2017
However, if retailers want to stay afloat, they should look for revenue sources other than mainland tourism.
Read Here
Advertise
Sign Up
