News
Bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Hong Kong's land tender fails to sell in property market setback
All four offers on the former Kai Tak airport site failed to meet the reserve price.
Less than 20% ‘understand' fintech apps: survey
The majority of Hong Kong use such apps for personal finance.
Over 3,850 applications approved for property management sector subsidy
This will involve more than $140m and benefit 22,000 building blocks.
Regulations to quell slight uptick in banks' credit losses
Credit losses will notably decline in 2021.
Luxury home values dropped 8.6% in Q2
More homeowners offer discounts to offload properties as market sentiment weakens.
HSBC to put Singapore trader Zenrock under judicial management
Last month, the trader assured that it was not under financial stress.
Retail sales crashed 42% to $23b in March
Jewellry, watches and clocks and valuable gifts saw the sharpest decline.
Local household spending to shrink 5.2% in 2020
Some food service chains have reduced operating hours.
GDP growth drops 8.9% YoY in Q1
This is due to the weak performance in both domestic and external demand.
Mid-sized banks most vulnerable to loan losses if pandemic persists: Moody's
Their exposure to SMEs and unsecured loans heightens the risks.
JD reportedly filing for second Hong Kong listing
The listing could occur on H2 2020.
Government to roll out subsidies for some leisure firms in May
One-off tiered subsidies will be provided to parlours, massage establishments, and party rooms.
Exports down 5.8% to $323.6b in March
Exports to India, Thailand and Singapore posted double-digit declines.
Hong Kong hotels on cliff edge from protest, pandemic pain
The industry posted an overall occupancy rate of 29% in February.
Air trade on Q2 projected to worsen
Air exports and imports record a downward trend due to decline in demand. Overall air trade outlook of companies that focus on in- or out-bound air trading dropped to 23.7 in Q2 2020, according to DHL Hong Kong Air Trade Leading Index. This is 5.5 points lower than 29.2 in Q1 and the lowest reading since 2014.
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