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PMI plunges to 47.8 in May as orders dry up and costs mount
Companies turned to price discounts to offset sluggish sales.
PMI plunges to 47.8 in May as orders dry up and costs mount
Companies turned to price discounts to offset sluggish sales.
Hong Kong's gender pay gap gets worse with age
Women in their 30s earn 11% less whilst those in their 50s earn 25% less than men.
Hong Kong trails behind Singapore in technological readiness
Poor R&D dragged the city to 10th place whilst Singapore snagged the crown.
Alibaba's Cainiao to invest US$1.53b in Hong Kong logistics center
Cainiao Smart Logistics Network will hold 51% stake in the joint venture.
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
The bulk of PRC lending is geared towards lower credit quality firms like SMEs.
Tencent unveils plan to ease Greater Bay Area travel through WeChat
Travel permits and IDs would be linked to the app to facilitate border crossing.
Thriving IPO scene under threat as the Mainland eyes similar bourse reforms
China is reportedly mulling lower thresholds for biotech firms to list.
Total port cargo throughput down 0.7% to 65.7m tonnes in Q1
Tonnage of inward port cargo plunged in Singapore, Korea, Japan and Vietnam.
Sunny Optical stock rallies by a whopping 9,500%
The Mainland lens producer is now worth $22b.
Three out of five jobseekers hunt through mobile phones
Job applications should also be mobile friendly.
Xiaomi reportedly plans $3b Chinese Depository Receipts in mega IPO
It may raise 30% of shares in the Mainland and the rest in Hong Kong.
Property sales down 10.9% to $63.5b in May
Skyrocketing property prices may have finally dampened demand.
Blockbuster IPOs buoy Hong Kong loans 17.1% in April
The city is hosting the back-to-back flotations of Xiaomi and China Tower.
Residents embrace shipping container homes amidst public housing holdup
Hong Kong's housing shortage has bred several creative residential solutions.
SFC slaps Hang Seng Bank's investment arm with $3m fine
The firm failed to comply with cash management guidelines involving SFC funds.
Retail sales up 12.3% to $39.5b in April as tourism strengthens
Tourist arrivals posted double digit growth after rising 11% in April.
Approved mortgage loans down 5.6% to $37.3b in April
However, the number of mortgage applications rose to 14,898.
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