Hong Kong

HKMA cuts down a third of virtual banking applicants

They failed to submit sufficient information on authorisation criteria.

Hong Kong's open banking movement lures interest beyond retail clients

SMEs and corporates also acknowledge the merits of the pivot.

Total port cargo throughput down 13% to 61.7 million tonnes in Q3

Inward port cargo tonnage crashed in US, Japan and Korea.

Cathay Pacific hikes staff wages despite $263m loss in H1

Around 14,600 eligible employees can expect a 3-8% increase in wages.

HSBC installs ‘dementia' specialist staff in Hong Kong

They will assist the elderly with their finances.

Visitor arrivals rose 11.5% to 5.88m in October

Mainland tourists accounted for nearly 80% of monthly arrivals.

PMI down to 47.1 in November as Chinese business suffers deep losses

Exports to China fell at the fastest pace in three years.

Chantecaille Beaute Hong Kong Limited bags Team of the Year-Luxury Retail at the Hong Kong Business Management Excellence Awards 2018

The up and coming beauty brand's 2018 roadshow showcased it philanthropic positioning and exceeded sales targets.

Shanghai dethrones Hong Kong as most expensive city in Asia

Property prices in Hong Kong reached $424,042 psm.

Cancer testing startup Grail shies away from Hong Kong listing as it mulls US pivot

The weak performance of earlier biotech listings may be to blame.

Property sales plunge 48% in November

The total deal consideration was $43.3b.

Retail sales reverse September slowdown to hit $39.7b in October

The faster increase in visitor arrivals boosted purchases.