News

Pacific Basin Shipping spot rates could take a breather: analyst

Jefferies Hong Kong downgrades the company’s recommendation to 'hold'.

Pacific Basin Shipping spot rates could take a breather: analyst

Jefferies Hong Kong downgrades the company’s recommendation to 'hold'.

HKU ranks 22nd among world's top universities

HKU also placed the highest out of seven other Hong Kong universities that made it in the list.

Gov't approves land exchange for harbourfront dev't project

The harbourfront project will replace the original plan to construct a 25-storey industrial building.

January retail sales drop 13.6%

Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.

Luxury home in Hong Kong leased for record-breaking $1.35m monthly rental fee

This is only one out of seven properties that Wharf Holdings Ltd. owns in 11 Plantation Road.

Powerlong Real Estate profit up 46.5% in 2020

The real estate firm’s profit amounted to $10.5b (RMB8.81b) in 2020, whilst its contracted sales amounted to $97.8b (RMB 81.55b).

Social distancing measures extended until 17 March

This is in light of the active silent transmission in the community, the Food and Health Bureau said.

Property sales up by 21.7% in February

Sales were up to 7,561 with total consideration amounting to $64.3b.

Lee & Man Chemicals net profit slips 28.3%

Disruptions in China’s manufacturing industry affected profits.

Hong Kong's ultra wealthy population breaches 5,000

The ultra wealthy population is expected to grow by another thousand by 2025.

38% of Hong Kong firms saw salary freeze in 2020

More than one in four firms offered no increases last year.

Social benefits seen among homeowners: study

Home ownership ratio in Hong Kong fell to 51.2% in late 2020, much lower than the 60% mark.

Australian firms may bank on Hong Kong's growth in GBA: government

The Greater Bay Area’s economy is seen to reach over US$4.7t by 2030.

Wing Tai, Champion REIT enter JV to buy London office

The acquisition of the office building at 66 Shoe Lane costs $2.76b or £255.

Cathay Pacific delivers Fosun Pharma/BioNTech vaccines to Hong Kong

This marks the first batch of 1m COVID-19 vaccines, developed by Fosun Pharma and BioNTech, delivered by the airline.

Alibaba Health, Longfor Group, Haidilao Int'l to join Hang Seng Index

This comes after the company concluded the review of the Hang Seng Family Indexes for 4Q 2020.

Hongkongers struggle to upskill amidst pandemic: survey

Meanwhile, 12% of local workers fear losing their jobs.