News
Hong Kong raises record US$19.2b in summer IPO haul
Trading volume smashed previous record in 2010.
Health department falls victim to cyberattack
Computers were encrypted by ransomware, leaving some data inaccessible.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
Restaurant activity picks up as total receipts hit $28.8b in Q2
The total value of bar sales outpaced that of Chinese restaurants.
Hong Kong insurance sector taps on rattled Chinese market
New business premiums from Mainland clients hit $11.8b in Q1.
PMI hits 48.2 in July as trade jitters shake markets
Business sentiment plunged to a near two-year low.
Ocean Park hotel set for October launch as part of tourism drive
A water park will also be completed by the end of the year.
Hong Kong eyes tie-up with Guangdong and Macau to sustain tourism recovery
The move comes amidst threats of the falling yuan and heating trade tensions.
Hong Kong beats US and UK as top destination for Chinese property capital
Transaction volume surged 155% to US$3.4b in April-June.
China Tower raises US$6.9b in another lacklustre debut
It sold 43.1 billion shares after pricing its IPO at the low end.
Retail sales hit double digit growth for fifth straight month in June
Sales rose 12% to $37.8b.
Tourist arrivals up 12.8% to 4.74m in June
Rising number of Mainland visitors offset softening tourism from rest of Asia.
Hong Kong trails behind Singapore in ease of bank account opening for non locals
Startups, SMEs and foreign nationals lament the inefficiency.
IPO loans boost bank lending by 0.9% in June
IPO loans were estimated at $15.3b.
Approved mortgage loans down 4.8% to $40.6b in June
However, the number of applications continued to rise to 14,579.
Home prices up for 27th consecutive month in June but growth slows
A secondary-market home price index rose 1.644% in June.
Read Here
Advertise
Sign Up
