News
Local finance firms lead in AI but regulations hinder growth
58% of financial firms in the city will utilise AI next year.
Cathay Pacific's merger hits roadblock from aviation regulator: report
This comes after some of its staff attended the anti-government protests in Hong Kong.
Inflation eases to 1.9% in April
This was partly attributed to a smaller climb in private house rents.
Nearly half of employees actively looking for a new job
This is despite 86% of employees concerned about job security.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
Office leasing demand still slow despite stabilising environment
Rents across all major submarkets slipped 3% MoM.
Over half feel indifferent in owning a home amidst pandemic
Only 1 in 10 locals thinks it is a good time to buy a home.
Fraud suspected in sudden sales spike of $10m Hong Kong flats
Regulators loosened mortgage rules in October, which is only enough for small-to-medium flats.
Average salary increment stood at 1.3% in Q1
Around three quarters of job seekers are considering a career change.
7 out of 10 office workers prioritise health as primary life goal
Working from home arrangement found by most employees as flexible.
Unemployment rate widens to 5.2% in February-April
This is the highest figure recorded in over a decade.
COVID-19 to drive digital payments take-up in Hong Kong
E-payments firm Octopus said that mobile wallet usage rose 30% in February.
Hang Seng benchmark paves way to include Alibaba: report
The index includes companies from the Mainland with a secondary listing in Hong Kong.
Over 15,000 shops may close without rent relief
Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.
Export volumes down 9.1% in Q1
Volumes to the US led the decline.
Cathay Pacific's passenger volume plummets 99.6% in April
It expects daily passenger volume to remain low in May.
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