News

Jobless rate flat at 2.8% in September-November

This translates to 110,800 unemployed persons.

Hong Kong banking industry needs to amp up skills on fintech and cybersecurity: study

Only 2 in 5 industry professionals have gone through fintech training courses.

More than half of Hong Kong banking professionals willing to work in GBA cities

Those employed in senior management positions are the most willing to transfer.

Hong Kong's property prices may continue to fall in 2019

Slowing Chinese buyer demand and rising mortgage rates will drive down prices.

Hong Kong investors expect 1.9% lower returns compared to Asian peers

Expectations amidst investors were still 0.3% higher than the 9% forecast in 2017.

A third of Hong Kong workers go through mental health problems during employment

The impact is largely seen in junior employees who have just jumpstarted on their careers.

Construction output dips 1.1% to $60.3b in Q3 as residential projects slow

Building works for residential projects dropped 6.5% to $15.2b.

Investment product sales surged 34% to $508b in 2017

The double-digit growth came as Mainland firms beefed up their wealth businesses.

Half of Hong Kong companies lost new recruits amidst poor onboarding

A third of firms had employees resign in their first month.

Grade A office capital values may drop 10% in 2019

Central and Kowloon East are forecasted to post the slowest growth.

Hong Kong inches closer to Singapore in digital transformation: study

7 in 10 of the SAR's population have access to superfast internet connectivity.

HKMA cuts down a third of virtual banking applicants

They failed to submit sufficient information on authorisation criteria.

Hong Kong's open banking movement lures interest beyond retail clients

SMEs and corporates also acknowledge the merits of the pivot.

Total port cargo throughput down 13% to 61.7 million tonnes in Q3

Inward port cargo tonnage crashed in US, Japan and Korea.

Cathay Pacific hikes staff wages despite $263m loss in H1

Around 14,600 eligible employees can expect a 3-8% increase in wages.

HSBC installs ‘dementia' specialist staff in Hong Kong

They will assist the elderly with their finances.