News
Hong Kong loses to Singapore in open banking readiness
Lack of clear guidelines from the central bank weighed on the city's competitiveness.
Virtual banks are no longer a thing of the future in Hong Kong
The central bank is aiming to award licenses towards the end of the year.
Hong Kong's land shortage is pushing local developers to China
The land shortage exceeded the government estimate of 1,200 hectares.
First time homebuyers rush to lock in home purchases before prices rise further
They snapped up to 90% of home sales in the first four months of 2018.
Stamp duty rebate extension fails to accelerate home upgrades
There was no significant increase in such transactions from 659 cases to 663 in February to April.
Government mulls tax exemption for select tech professionals in Mainland
This may cover professors working on the Mainland for more than 183 days a year.
Alibaba sells medical assets to Hong Kong arm for $10.6b
Alibaba Health Information Technology will control the Tmall and adult products business.
Employing expats in Hong Kong cost more than Singapore
A typical pay package is valued at US$268,514 versus Singapore’s US$223,095.
Exports up 8.1% to $330.2b in April
Trade volumes to traditional trade partners like Taiwan, Singapore, and China rose.
The search is on for Hong Kong's best companies at the Hong Kong Business Awards 2018
Only four weeks left til the deadline for nominations.
Construction costs in Hong Kong are Asia's most expensive
The city has been slow to integrate digital solutions which could bring costs down.
Government hesitant on levying vacant property tax
Vacancy rates fell to 3.7% in 2017, indicating little sign of idling private residential units.
Chinese drug developer Shenogen tapping banks for $300m IPO
The company is the latest to take advantage of relaxed listing rules.
Xiaomi guns for June 7 blockbuster IPO hearing
The much-anticipated public debut could raise as much as $10b.
Workers enjoy 5.7% higher salaries in 2018 but also suffer longer working hours
The financial sector continues to churn out generous compensation packages.
The world watches as China's payment giants barge into Hong Kong
Banks have reason to fear as Alipay and WeChat Pay continues to expand their foothold.
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