Hong Kong
Hang Seng benchmark paves way to include Alibaba: report
Hang Seng benchmark paves way to include Alibaba: report
The index includes companies from the Mainland with a secondary listing in Hong Kong.
Over 15,000 shops may close without rent relief
Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.
Export volumes down 9.1% in Q1
Volumes to the US led the decline.
Deliveroo posts 104% jump in vegan orders in 2020 YTD
An increase in the number of vegan restaurant partners has also been seen.
Cathay Pacific's passenger volume plummets 99.6% in April
It expects daily passenger volume to remain low in May.
GDP contraction widens to 8.9% YoY in Q1
The decline is said to be the worst drop on record.
Hong Kong banks' asset quality battered by COVID-19 and protests
Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.
Bankers face ‘new normal' as they return to offices
Despite the measures, some have expressed relief at physically seeing their colleagues again.
Hong Kong's land tender fails to sell in property market setback
All four offers on the former Kai Tak airport site failed to meet the reserve price.
Less than 20% ‘understand' fintech apps: survey
The majority of Hong Kong use such apps for personal finance.
Hong Kong amongst the last to recover from COVID-19: analyst
The region will likely go back to its pre-COVID levels by Q1 2021.
HKEx chief Charles Li will not seek reappointment
His current contract will end in October 2021.
Over 3,850 applications approved for property management sector subsidy
This will involve more than $140m and benefit 22,000 building blocks.
Regulations to quell slight uptick in banks' credit losses
Credit losses will notably decline in 2021.
Manulife's Q1 core earnings climbed 10% to $1.4b
In-force business growth and higher sales spurred the growth.
AIA launches first robotic investment choice service
This will help clients purchasing new ILAS policies to build their investments.
Luxury home values dropped 8.6% in Q2
More homeowners offer discounts to offload properties as market sentiment weakens.
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