Hong Kong
Hong Kong to further tighten border control measures
This will take effect on 9 August.
Li Auto estimates $14.7b net proceeds in global offering
The bulk of the proceeds will be used to fund R&D initiatives.
Hang Seng Bank profit drops 4% to $8.76b in H1
The bank linked this to macroeconomic conditions that put pressure on its net interest margin.
Applications for overseas studies open
Scholars and fellows could receive up to $300,000 per year.
Retail sales up 5.8% in June but below expectations
This was likely driven by continuing social distancing measures.
No 'undue stress' despite concern over China’s oversight of private sector
China’s oversight of the private sector in the past weeks has raised concerns and panic.
Hong Kong’s economic growth slows down as border control remains
The city’s GDP expanded by 7.5% in the second quarter from 7.9% previously.
Total loans rise 4% in June: HKMA
This was partially due to IPOs during the month.
Mortgage applications dip 3.6% in June
But loans approved increased 3%.
4 in 5 will likely top up their $5,000 vouchers
The majority of whom will likely use their credit cards to top up.
International Housewares net profit rose 68.9% YoY
It also reached a “historical high” revenue of HK$2.7b.
More SMEs find credit approval eased in Q2: Survey
Some 72% of SMEs perceived banks’ credit approval stance as easier.
Over 50% see home prices to climb in coming year
The growing confidence could be triggered by the improving pandemic situation.
Budweiser APAC profit soars to $518m in H1
This is up from $196m in 2020.
Hang Lung Properties profit rebounds to $2.2b in H1 2021
This is compared to a net loss of $2.53b in the same period last year.
HR Briefing: Retaining talent in the time of COVID
There seems to be a trend amongst workers looking to switch employers.
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