Hong Kong
Widening fiscal deficit could spill over to 2021
Widening fiscal deficit could spill over to 2021
The government is urged to inject more cash into the retail, tourism, and F&B sectors.
Hong Kong companies have no safety net in fight for survival
The region does not have recourse to any corporate rescue procedure in times of difficulties.
HSBC Life floats new QDAP mobile app
The app will help clients on early retirement and tax savings.
Hong Kong's fintech investments hit $2.92b in 2019
WeLab $1.21b funding round was the largest fintech deal for the year.
Singapore, New Zealand beat Hong Kong in ease of doing business
But Hong Kong is still the best for dealing with construction permits.
Bank of East Asia's profit plunges 49.9% to $3.2b in 2019
The decline was attributed to an increase in impairment losses in Mainland China.
HSBC staff have qualms over bank's revamp
The bank’s commitment to the overhaul was questioned due to Quinn’s interim status.
HSBC profits crash 53% to $46.64b in FY2019
A goodwill impairment of $56.74 (US$7.3b) dragged down their profits.
Can Ping An Bank weather weakening interest rates?
Its retail lending clients are less sensitive to borrowing rates..
Hong Kong gears towards back-to-back recessions: report
Economists forecast that GDP will contract by more than 1% in 2020.
Total exports up 3.8% in December 2019
This was led by the 15.2% growth recorded in exports to the Mainland.
Jobless rate up 3.4% in November-January
Unemployment in the construction sector has hit a six-year high.
Apartment rents dropped to two-year low in February
Some landlords would offer discounts as steep as 12%.
Hang Seng Indexes launches two indices for Mainland stocks
They will track the performance of high-yield securities and tech firms.
HSBC to shed $100b in assets in massive revamp
About 35,000 jobs may be axed over the next three years.
Cathay Pacific's passenger load factor fell 1.3% in January
Performance slid due to booking cancellations amidst COVID-19.
Government injects $25b to help businesses weather COVID-19
It took into account feedback from the public, various sectors and Legislative Council members.
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