Hong Kong
Inflation down 2.3% in July
Inflation down 2.3% in July
The government’s payment of public housing rentals dragged it down.
Deadline of FRT concession arrangement for EVs extended
It was originally set for 31 March 2021.
China vows to support Hong Kong as a financial hub
The CBIRC assures that Hong Kong’s standing will not weaken.
Almost 82% Hong Kong businesses plan to keep remote working post-COVID-19
Companies are also allowing employees to use personal devices to conduct company work.
What Facets of Technology Have Powered Businesses During the Pandemic?
The coronavirus pandemic has vastly altered the way businesses operate. From physical meetings and seamless access to company servers, businesses worldwide have been forced to shift to virtual and remote working models. This paradigm shift has changed how people work, collaborate, access data and view work-life balance. Hong Kong was amongst the first cities in the world to enforce social distancing measures and many organisations were left scrambling to enable remote working to minimise operational disruption.
Jobless rate dipped to 6.1% in May-July
It eased in the information and communication, professional and business services sector.
HKMA relaxes mortgage loan measures on non-residential properties
The adjustment takes effect from 20 August.
Credit card receivables up 0.2% in Q2
The combined delinquent and rescheduled ratio rose slightly to 0.47%.
HKB Management Excellence Awards 2020 is now open for nominations
Entries will be accepted until 16 October 2020.
GDP shrinks 9% in Q2
Private consumption expenditure fell 14.2% during the period.
SHINEWING (HK) CPA Limited's Andy Wong talks about Hong Kong as a financial hub
Andy believes that Hong Kong will serve as a gateway for businesses to tap into the global capital market.
Export volume down 6.2% in H1
Total exports continued to decline for the fourth-straight month in June.
Cathay Pacific records $9.87b loss for H1
The airlines’ passenger business does not expect to make a recovery for some time.
Chinese renewable firms move away from Hong Kong bourse
Relisting in China could allow a better mix of debt and equity funding.
95% of new office lettings in June occurred outside Central area
International brands, such as IWG and MUJI, are increasingly flocking to new areas.
InvestHK floats fast-track fintech programme
Up to 90 firms could get funding and partnership opportunities with large corporates and investors.
Hong Kong crisis deals $59.68b blow to property tycoons
CK Asset, Wharf and Sun Hung Kai are some of the property firms that took a big hit.