Hong Kong
Regulators calls on Chinese banks to review opaque lending rules
Regulators calls on Chinese banks to review opaque lending rules
It singled out an unnamed Chinese lender that engaged in share pledging.
Hong Kong ranks as 28th best startup ecosystem
Its open approach to the Internet and entrepreneurship makes it an asset for the Chinese ecosystem.
Hong Kong keeps hiring grip on bankers despite rising costs
Hiring mandates for private equity, property, and venture capital rose 40%.
Hong Kong Airlines slapped with court orders over mismanagement woes
Concerns over the airlines’ financial health are growing.
Unemployment rate remained flat at 2.8% in January-March
The retail, accommodation, and food services sectors saw improved employment situations.
Inflation up 2.1% in March
Consumer prices for food, housing, and alcohol rose and offset declines in utilities.
Luxury projects in Sai Kung and Yau Yat Chuen up for tender
The developments are priced at $480m and $510m, respectively.
No recovery in sight for property market in Q1
Discounts up to 10-20% are slapped on homes as developers feel the squeeze.
Hong Kong retains crown as most expensive location in Asia for business travel
This was based on the region’s high cost of goods and services, and expensive hotel prices.
Industrial property investment ballooned 76% in Q1 2019
1 in 3 deals focused on purchasing old industrial buildings for redevelopment.
Food spending to hit $291.6b by 2023
Its annual growth rate would moderate from 6% to 5.5% by 2023.
Retail sales dipped 1.6% in January-February
Customers chose to spend their dollars abroad than locally.
Grade A office net absorption slumps to 167,100 sqft in Q1
Banks and co-working facilities hit the brakes on their expansion plans.
Hong Kong Business welcomes nominations for the National Business Awards 2019
Deadline for entries is on 12 July 2019.
New office lettings crashed 30% in March
Net take-up fell into negative territory at 95,700 sqft.
Hopewell Holdings to delist from Hong Kong bourse
It will be removed after market close on 17 April.
Check out Hong Kong's top-paying finance roles in 2019
Finance managers can earn as much as $720,000.
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