Hong Kong

PMI further contracted to 44.5 in July: IHS Markit

New orders, input prices and business confidence deteriorated at a quicker rate.

WeLab Bank rolls out in Hong Kong

Clients can open an account in five minutes.

Restaurant receipts down 25.9% to $21.2b in Q2

The declines narrowed from Q1 as social distancing measures eased.

Residential sales to drop as third COVID-19 wave persists

New residential projects scheduled for sale are also likely to be further postponed.

Mortgage applications slipped 7.9% in June

Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.

Lands Department awards Tai Po site tender to Wealth Honour

It spans about 22,608 sqm and is designated for private residential purposes.

Hong Kong's retail sales slip 24.8% in June

The decline softened as the local epidemic abated during the month.

How to win in the big wave of online events

We have no idea of when the COVID-19 will end. People called it the third wave. Given COVID-19’s ferocity, rampant speed and potential to return, Hong Kong enterprises should be extremely agile and explore new ways to continue running the businesses. Fluid as the situation is, traditional businesses might not survive if they do nothing but merely wait for economic recovery.

HSBC, Microsoft Hong Kong to boost SMEs' organisational efforts

SME clients will receive free devices and cloud solutions.

Deliveroo rolls out breakfast service

People may now order food beginning 7:45AM on weekdays.

Exports down 1.3% in June

Exports to major markets outside Asia saw double-digit decline.

Hong Kong tension may hasten Daiwa's shift to Mainland

Daiwa had been planning to shift some operations from the city to the Mainland through a JV.

Hong Kong launches public consultation on additional spectrum in 4.9 GHz band

It also aims to discuss the spectrum utilisation fee for the provision of public mobile services.

Hong Kong recovery may take longer than expected, Chan says

He once again urged landlords to offer tenants rental concessions to ride out the impact.