Hong Kong
Hang Seng Industry Classification System to revamp stock classification
Hang Seng Industry Classification System to revamp stock classification
It will sort stocks into 12 industries, 31 sectors, and 94 subsectors to reflect developments in Hong Kong and Chinese markets.
Developers eye home upgraders to boost unit sales
Developers, hit by a supply decline of 6% in the next three years, look for alternatives to make profits.
Hong Kong bank loans grow 3.03% in February
Trade finance loans fell for the sixth straight month to $477.7b.
Check out Hong Kong's first co-working tower by Spaces
The building consists of 130 private offices and 800 workstations.
Retail sales up 7.1% to $48.1m in January
Sales at department stores and F&B outlets rose 15.1% and 13% respectively.
Decentralisation underpinned 2.6% rise in Quarry Bay rents to $54.65 psf in February
Stocks of larger floor space are expected to be released in 2020 and 2021.
Home sales dropped 10% to 4,089 in February
Sales have weakened ever since prices started falling in July 2018.
Authorities remove nine categories from proposed extradition law
It will cut sections including bankruptcy, securities and futures, and intellectual property.
Hong Kong takes the world's 19th most powerful passport
Hong Kong’s passport holders have visa-free or visa-on-arrival access to 169 countries.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Cathay Pacific to acquire budget airline HK Express for $4.93b
If the acquisition goes through, Cathay Pacific would control three of Hong Kong’s four passenger airlines.
Hong Kong clinched $21.19b across 35 IPOs in Q1 2019
The industrials sector received the highest number of IPOs with seven deals with a total of US$263m.
New players enter scene but an iconic hotel exits
The Excelsior will be transformed into a mixed-use commercial building.
Spaces unveils sleek 20-storey co-working hub
A pristine view of Victoria Harbour can be viewed at its top floor.
Fitness app developer OliveX nabs US$1m funding
Fasting tracker Vora is part of the developer's offerings.
HKDecoman raises US$1.4m to revamp Hong Kong's home renovation industry
It offers a one-stop shop including a physical outlet stocked with tools and an online marketplace.
Crypto startup FinFabrik closes seed round from BitMEX Ventures
The startup digitises real-world assets.
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