News
Hong Kong's asset and wealth management business hit $24.27t in 2017
The private banking unit and fund advisory business performed strongly.
Trade tensions could slash H2 commercial and industrial property deals by 12%
Mid-range industrial units worth $10m to $10m are likely casualties.
Over 60 applicants scramble for a Hong Kong virtual banking license
This includes Standard Chartered Bank and online loan platform WeLab.
Exchange Fund income plunges 80% to $23.9b in H1 amidst trade worries
The fund’s total assets hit $4.1t.
Nearly half of students expect parents to pitch in for home purchases
However, this may still be insufficient to cover skyrocketing home costs.
Private flat supply pegged at 93,000 for the next four years
This is 3,000 less than the previous estimate.
Investment returns in Hong Kong offices plunge to thirty year low
It’s the only major market where returns are lower than a 10-year US Treasury Bond.
No such thing as home sweet home: Half of residents uninterested in buying property
Nearly 70% believe that home prices will climb in the next year.
Trade jitters dampen export growth to 3.3% in June
This comes from 12.9% expansion in May.
Hong Kong clinics brace for heated Chinese infant vaccine demand
The moves come after a Mainland biotech firm falsified data for its shots.
Trade tensions fail to rattle Hong Kong SMEs in Q3
SME sentiment tracker remained at 49.7.
The search is on for Hong Kong's leading technology innovators
Nomination is open until November 9.
Government unveils transport app in Smart Nation push
The app provides real-time traffic news and parking information.
Hong Kong's thriving IPO scene threatened as retail investors pull out
Retail-book ratio plunged to a two-year low.
Hong Kong is the most open to flexi work in APAC
Women are more open to the setup than men.
Hong Kongers flew internationally five times in past two years
This is double the global average of 2.5 trips in the past 24 months.
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