Hong Kong
Spot freight rates sail to record high of 7%, after Suez Canal blockage
Spot freight rates sail to record high of 7%, after Suez Canal blockage
The rates are expected to reach even greater heights in the near term.
Customs seizes $2.7m suspected fake goods
The haul of contraband included branded shoes, handbags and watches.
Retail sector drove a 22.6% property investment rebound in Q1
Retail-related property transactions worth at least $100m grew by 15.4% year-on-year.
More than 40% of restaurants saw higher revenue in Q1
This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.
Market Update: HSI up 0.47% amidst recoveries on industrial, healthcare firms
The Hang Seng Index (HSI) opened the trading week up by 136.44 points or 0.47% at 29,106.15, as industrial and healthcare firms rebounded amidst continued economic recovery.
HSI welcomes new real estate index
It will reflect stock movement of the 30 largest listed property management companies.
Hong Kong exports rose 37% in first two months
Total imports also increased 27.2% in the same period.
Citi to hire 300 new relationship managers for Hong Kong wealth arm
The bank has outlined bold plans to triple its client numbers and double assers under management by 2025.
Hong Kong imposes two-week ban on flights from Covid hot spots
Travellers from India, Pakistan, and the Philippines will be prohibited from entering the City.
Cathay Pacific's passenger traffic plunged 98%
Quarantine restrictions in Hong Kong reduced its capacity during the first quarter.
SIIC Environment signs water treatment projects in Yangtze River Delta
The projects total 160,000 tonnes.
Scoot, Vistara, Cathay Pacific flights suspended
More flights from Manila, Singapore and Mumbai have been suspended to prevent the spread of COVID-19.
Industrial property rebounds with 809 transactions in Q1
The majority of the transactions in Q1 were worth up to $10m.
ESR snaps up Blackstone's $3.91b Milestone Portfolio
The portfolio contains 45 industrial real estate assets in Australia.
Market Update: HSI ends week up by 0.61%
The Hang Seng Index (HSI) closed the week up by 176.57 points or 0.61% at 28,969.71. This was due to a strong growth in gross domestic product, which signals continued recovery for China’s economy.
Hong Kong's "very high net worth" population falls by 5.4%
The city is still amongst the top 10 territories with the wealthiest populations.
Online consumers are on the rise, but spending has dropped
The majority of consumers use online shopping to buy daily necessities, clothes and footwear.