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Acquisition of Central skyscraper may post the largest property loan at $33b since 2015
A Chinese-led consortium is seeking to acquire billionaire Li Ka-shing’s The Center.
Acquisition of Central skyscraper may post the largest property loan at $33b since 2015
A Chinese-led consortium is seeking to acquire billionaire Li Ka-shing’s The Center.
Government urged to offer profits tax concession to qualified startups and tax relief to angel investors
The move is sure to encourage increased levels of private investment, said EY.
PMI down to 51.1 in January amidst rising backlogs and lower employment
Firms also had to grapple with higher raw material prices which may have led to some layoffs.
3 in 5 companies willing to hire overseas to plug skill shortage
Most employers believe that skill shortages will hamper their daily operations in 2018.
Stamp duty rebate extension opens residential sales market to more players
As a result, more secondary homes may be put up for sale.
What are the key priorities for Hong Kong's financial institutions this year?
Battling anti-money laundering remains high on their agenda.
Shanghai Henlius Biotech eyes Hong Kong IPO
This comes amidst the bourse reform plan allowing the listing of pre-profit biotech companies.
Year-end home prices up for 14th month in a row
And it’s poised to rise by as much as 10% in 2018.
Hong Kong beats Singapore as world's freest economy
It has occupied the top spot for the 24th consecutive year.
Should the government provide refundable R&D credits to stimulate private investment?
However, the administration must first clarify its definition of R&D activities and expenditures, PwC said.
Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018
PwC forecasts that high profits from land sales, tax and stamp duty would buoy fiscal revenue to over $620b.
Healthier tourist arrivals boosts struggling retail sector as sales hit $446.1b in 2017
However, if retailers want to stay afloat, they should look for revenue sources other than mainland tourism.
High retail deposit requirements may prompt small banks to hike rates
The NSFR implementation compels the reporting of figures falling below 100% to the HKMA.
Zero negative equity for homeowners for the first time in 16 years
Thanks to the ever rising value of residential properties.
Hong Kong is the world's fourth most secretive financial center
In its bid to attract more offshore financial services, it is ranked roughly on par with Panama.
Struggling tourism sector rebounds as visitor arrivals rise 3.2% in 2017
This is equivalent to over 58 million tourists.
Mortgage applications down 14.2% to 10,520 in December
The value of approved mortgage loans also decreased to $27.8b.
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