News

Prime rate hike likely to take effect in Q4

Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.

Prime rate hike likely to take effect in Q4

Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.

Close Chinese financial ties are both boon and bane for Hong Kong banks

The Mainland’s deleveraging programme will drive cross-border loan activity but pose risks to LGFVs.

SFC slaps Deutsche Bank with $8.3m fine

It violated short position reporting and made unlicensed regulated activities.

HKEX ties up with MSCI to launch new Asian futures offerings

The move aims to boost its derivative business which accounts for 18% of HKEX revenue in 2017.

New auto sales growth to slow down to 4.3% to 41,000 units

Rising borrowing costs is pushing the brakes on passenger car sales.

Residential projects dominate construction works in 2017

The gross value of home projects rose 1.4% in nominal terms to $66.1b.

Secondary home prices extend steep climb after rising 15.4% in January

Market prices increased for the 15th consecutive month but a slowdown may be looming.

Housing market defies cooling measures amidst aggressive market takeup

Wheelock & Co. sold all 750 apartments amidst a slew of 9,800 applications.

Smart card Octopus' dominance dampens Hong Kong's mobile payments growth

Smaller e-payments players are finding it hard to gain traction against the ubiquitous card.

Hua Medicine targets IPO amidst wider market access for biotech firms

The deal for the Shanghai-based diabetes drug developer could raise as much $300m.

Public healthcare system thrives amidst staggering surplus

Recurrent expenditure on healthcare grew by an average of 7% over the past decade.

Chinese fashion retailer GXG mulls $300m Hong Kong IPO

The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.

Lady boss: Hong Kong trails developed countries in female c-level representation

The number of women on HSI boards rose to 13.8% but Canada and US boards are over 20% female.

Nearly half of women bemoan insufficient gender diversity work policies

They believe greater transparency can help address this.

Dollar depreciation may trigger slowdown in housing market

The ratio of HIBOR-linked new mortgage loans on floating rates has dipped to 86.2% in January.