Hong Kong
Kai Tak home plot's floor price sinks 18% to $8.33b
Kai Tak home plot's floor price sinks 18% to $8.33b
This is compared to a record-sale in the same area six months ago.
Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Five practices to help strengthen online security
E-commerce is Hong Kong’s number one side hustle pursuit, according to GoDaddy’s Gig Economy Survey in 2017, highlighting the city’s enduring entrepreneurial spirit. The growing numbers of Hongkongers involved in sideline businesses or side hustles can thank the proliferation of cloud technology, which is empowering people to put their ideas quickly, efficiently, and affordably online, as they look to acquire new customers and grow their ventures.
Hong Kong's 28-month home price uptrend collapses in August
The two-year streak was broken after residential property prices fell 0.1%.
Hong Kong Island's pricey office rents push cash-short tenants to Kowloon
Kowloon saw over 100 new leasing transactions in September.
Equities rout wiped out 7.38% from MPF in January-October
Citizens lost an average of $19,661 in the first ten months of 2018.
Office rents to fall 3.8% in 2019 as stock markets slump
The slowdown will break a four-year streak.
Do banks have reason to fear as Chinese lending accelerates?
Mainland Chinese exposure accounted for nearly a third of total assets.
Capco mulls sale of West London estate to CK Asset Holdings
The owner of Earls Court estate is demerging its business.
Mid-price brands outdo luxury retailers in August expansion
Charles & Keith is opening another store in Parker House.
Restaurants continue to thrive as receipts hit $29.9b in Q3
Bars outperformed other food segments after receipts grew 10.1% in value.
Financial losses from cyber attacks skyrocketed 680% from 2012-2016
Banks are especially vulnerable to threats.
PMI hits 48.6 in October as Chinese demand falters
The decline in sales to Chinese markets was the highest in two years.
Bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
All roads point to a correction for Hong Kong's weakening property market
New-home sales in October fell to its lowest level in 16 months.
Asia's ultra wealthy stoke Hong Kong and Singapore's family office boom
The number of newly built offices may have grown 15% in first three quarters of 2018.
Blockchain-powered trade finance platform goes live
eTradeConnect will digitise the paper-intensive process.