News
Luk Fook's same store sales plunged 71% in Q1
They are planning to close five shops in Hong Kong.
Inflation edged up 0.7% in June
The relaxed spike in June was due to the moderated price increases in pork.
28% of businesses expect worse business conditions in Q3
Real estate and professional services are some of the sectors projecting fewer sales output.
Exports down 6.7% in May
Double-digit declines were recorded for the total export volume to India and the US.
Tech firms begin to abandon Hong Kong amidst Security Law
Many are making contingency plans and restructuring their operations away from the market.
Cathay Pacific warns of $9.9b H1 net loss
The airline and its Cathay Dragon unit flew 27,106 passengers in June, down 99.1% from June 2019.
Hong Kong-based wealth clients probed for pro-democracy ties
"Politically exposed persons" can have a hard time accessing banking services.
Hong Kong amongst top four Tier-1 data centre markets
It has 4 million sqft of space either being leased or transacted.
Commercial property market to see green shoots in the medium term: JLL
Capital values of mass residential remain resilient in H1.
Grade A office rents shrink 3.8% in Q2
This contraction marks the fourth consecutive quarter of decline with average vacancy rate hitting nearly 6%.
Over a quarter of Hong Kong employees experienced 30% pay cut
Enterprises have been forced to reduce wage expenses to maintain financial health.
HSBC, StanChart push remote work as COVID cases rise anew
City officials have detected 40 local cases on 14 July.
Luxury home transaction volume rebounded in Q2
The super-luxury segment also saw its volumes spike in the same quarter.
No.16 and No.18 Gage Street in Central sold for $332m
The building comprises six storeys with street-level shops.
Hong Kong to drive GBA's second stage of growth
It will provide a gateway to global capital markets for mainland Chinese firms in the region.
Highways Department signs contract for CKR works
This comprises the construction of buildings and is expected to cost about $5.67b.
Government rolls out subsidy for precious metals trading industry
This is said to provide relief to members and practitioners registered with CGSE.
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