News

HKIA passenger traffic up 6% to 5.82m in February amidst CNY break

Travellers from the Mainland and Japan took advantage of the long vacation.

HKIA passenger traffic up 6% to 5.82m in February amidst CNY break

Travellers from the Mainland and Japan took advantage of the long vacation.

Exports up 1.7% to $245.7b in February

Trade outflows to Malaysia and Philippines buoyed monthly figures.

Workers rejoice: average wage rate rose 2.1% in December

Payroll per person also increased 2.6% in Q4.

Check out which sector dominated Hong Kong's IPO charge in Q1

This sector snapped a third of the city’s public offerings.

Chinese developers slow down property acquisition spree

Local developers bid more aggressively as Chinachem and The Wharf snatched two GLS sites.

Tencent-backed food delivery startup seeks Hong Kong IPO

Meituan Dianping is reportedly mulling a valuation of at least $60b.

Small business optimism hits six year high as technology accelerates growth prospects

Almost half (48%) admitted that technological investment boosted company profits.

F&B sector hit by highest vacancy rates in December

The industry had roughly 12,120 vacancies.

Unemployment flat at 2.9% in December-February

This is equivalent to 3.98m unemployed persons.

Inflation levels extend climb after rising 3.1% in Feburary

The price of basic utilities rose for the second consecutive month.

Hong Kong's richest woman loses US$6b as casino firm crashes

The losses began after authorities warned that the shares were concentrated amongst a small stockholder group.

Prime office rents extend run after rising 5.2% in Q4

Admiralty and Sheung Wan led the charge after rising 11% and 9% respectively.

Homebuyer subsidy not feasible: Financial Secretary

If interest rates rise, lower property prices may only hurt mortgage payers.

Hong Kong-Singapore rivalry gets heated as regulators exchange barbs

SFC decried allegations that Beijing exercises clout over the regulator.

Central office tower loan may balloon as lead investor ditches sale

After China Energy withdrew, the $16.08b loan pricing rose 10bps.

Cathay Pacific bounces back from fuel-hedging hit with surprise H2 profit

This narrowed the full-year net loss to $1.26b, below analysts expectation of $2.26b.

Hong Kong banks can withstand another housing crash: S&P

They can maintain their credit profiles even if prices were to plunge by 30%.