News

Hong Kong is home to seven in 50 of Asia's multi-millionaires

There are 5,140 individuals in Hong Kong and China worth over US$50m.

Hong Kong is home to seven in 50 of Asia's multi-millionaires

There are 5,140 individuals in Hong Kong and China worth over US$50m.

Hong Kong emerges as top contender for world's potentially largest IPO

A New York or a London listing is unlikely as Riyadh eyes closer Asian ties.

HKC files protest over 23.6% steel and aluminum tariff hike

It fears that a hefty tariff might prompt a trade war later on.

HKMA may offer extra Exchange Fund Bills to halt dollar decline

The currency plummeted to a thirty-year low at $7.83 level on Tuesday.

Singapore hires more expats than Hong Kong

Almost a fifth of expats are employed in the lion city compared to 14% in Hong Kong.

Total port cargo throughput up 9.7% to 281.5m tonnes in 2017

Inward load from Mainland China, Malaysia and Singapore boosted year-end figures.

Economic growth slows to 2.7% as Shenzen claims dominance over Greater Bay Area

The former fishing village surpassed Hong Kong after its GDP hit $2.72t in 2017.

Budget 2018 mum on addressing housing woes: Natixis

The administration's focus on education and IT is drawing attention away from the more pressing housing issue.

Cathay Pacific hit by massive $6.45b fuel hedging loss in 2017

The airline deep dives into the red after posting its fourth straight year of deficits.

Tencent CEO calls for ID link between Hong Kong and Chinese citizens

Ma Huateng believes it will enhance trade in the region.

Flexible workspace take-up hits 350,000 sq ft in 2017 despite stiff landlord stance

Operators had trouble accessing Grade A buildings and instead redeveloped Grade B properties.

7 in 10 employees expect a year-end raise for 2018

More male employees are optimistic about a wage hike.

Tech giants challenge HKEX reform provisions

The listing proposal is seen clashing with draft rules in the Mainland.

Property sales rose 32.8% to 7,456 in February

Total consideration for the sale and purchase agreements hit $62.6b.

Retail sales up 4.1% to $44.9b in January

Consumer sentiment rose despite difference in the timing of the Chinese New Year.

Hong Kong opens up land bidding process but still lags on transparency

The government will provide data on all bids only after the winning transaction is sealed.