Hong Kong

Q2 current account surplus more than doubled to $37.8b

This was due to a decline in the goods deficit and growth in the net inflow of primary income.

External debt hits $12.76t in Q2

However, the banking sector’s ED dipped.

Financial non-reserve assets hit $38.1b in Q2

External financial abilities and assets also stood at $42.96t.

TNG opens hub to nurture Hong Kong's fintech talent

Located at the heart of Hong Kong Island, the 25,800 sqft space aims to serve the thriving fintech community.

The changing role of the in-house legal team in Hong Kong

Today, most big businesses in Hong Kong will have some form of in-house legal function. In an environment where regulation and legislation are constantly changing and more companies are operating on a pan-Asian basis, it is essential.

Inflation hits 3.5% in August

Food prices soared 14.2% in August.

IWG makes Regus and Spaces brands available for franchising

It will provide infrastructure, training and tools for franchisees.

Ping An leads $117.4m investment in AI software firm

The company markets AI imaging software in hospitals.

Residential market sentiment deteriorates in August

Rental demand recorded its first negative reading in the survey's history.

Jobless rate unchanged at 2.9% in June-August

This translates to 120,000 unemployed individuals.

National income rises in Q2 as mainland investments flood Hong Kong

The total inflow of primary income recorded a 4.1% YoY rise to $478.2b during this period.

How power players are reducing reliance on coal

Through a joint venture, HK Electric and CLP Power are building an offshore LNG terminal as part of plans to import LNG for the first time.

Kowloon properties collectively sold for $2.14b

The transactions showed that developers are keen to buy and redevelop old buildings.

West Kowloon site up for sale

The public tender will open on 20 September.