Hong Kong

Hong Kong's economic crisis spills over to venture capital activity

Hong Kong's economic crisis spills over to venture capital activity

VC investors have yet to see the end of their woes, even as domestic volatility has already dragged investment down.

108 startups graduate from HKSTP's incubation programmes

The ceremony gathered 78 incubation and 30 pre-incubation STEP start-up graduates.

Rich Chinese shun Hong Kong to seek asset safety elsewhere

Some are looking to move their offshore wealth base to Singapore and Switzerland.

NordVPN: Enhanced online security arsenal for SMEs and remote workforce

The company offers next-gen encryption, strict no-logs policy, as well as advanced privacy features.

Housing prices slid 3% YoY in Q1

Residential prices are supported by solid housing demand.

Local finance firms lead in AI but regulations hinder growth

58% of financial firms in the city will utilise AI next year.

Inflation eases to 1.9% in April

This was partly attributed to a smaller climb in private house rents.

HSBC sees significant growth in new APAC wealth arm

Double-digit growth is on the horizon over the next three years.

Exports down 3.7% in April

Exports in non-metallic mineral manufactures led the decline.

Over half feel indifferent in owning a home amidst pandemic

Only 1 in 10 locals thinks it is a good time to buy a home.

PayPal pilots QR codes for in-person transactions

They are waiving seller transaction fees until 10 August.

Average salary increment stood at 1.3% in Q1

Around three quarters of job seekers are considering a career change.

7 out of 10 office workers prioritise health as primary life goal

Working from home arrangement found by most employees as flexible.

Unemployment rate widens to 5.2% in February-April

This is the highest figure recorded in over a decade.

COVID-19 to drive digital payments take-up in Hong Kong

E-payments firm Octopus said that mobile wallet usage rose 30% in February.

HSBC Life pilots new health insurance plan

It also combines business talent retention with wealth growth. HSBC Life has launched a new whole-of-life insurance plan for its commercial clients that will combine keyman protection and talent retention with wealth growth.