Hong Kong
Bank lending slows to 9.5% in July amidst threats of higher borrowing costs
Bank lending slows to 9.5% in July amidst threats of higher borrowing costs
This represents the slowest pace of growth in over one and a half years.
Approved mortgage loans rally 9% to $44.3b in July
This comes from a mild 4.8% growth in June.
Government unveils ‘wish list' of in-demand workers
Naval architects are amongst those who may enjoy prioritised immigration treatment.
Retail sales growth slow to single-digits in July
Sentiment has soured amidst heating trade tensions.
Chinese payment service firm Yeepay eyes Hong Kong IPO
Its planned share sale could raise about US$200m.
Standard Chartered sets up new entity to support virtual bank ambitions
Deniz Güven has been appointed as its CEO.
Citi Hong Kong unveils senior appointments to consumer banking unit
The heads of insurance as well cards and unsecured business have been appointed.
Over 20,000 finance workers may ditch jobs in 2018
Companies need to improve retention initiatives like regular salary reviews.
Bank of East Asia's half-year profit surges 25.9% to $3.99b
Earnings were boosted by net fee and commission income growth.
Public housing rents set for three new estates
Nearly half of the available flats go for below $2,500 monthly.
Hong Kong urged to develop GBA blockchain and e-invoicing standard
This will enable faster cross-border fund transfers.
Government unveils extensive map and land survey platform
The Hong Kong Map Service 2.0 has digital versions of land survey records.
Has Meituan lured Tencent to its mega US$4b IPO?
The Chinese tech titan is said to be buying US$400m of stock.
Hong Kong unveils first unmanned warehouse at Science Park
RobEx offers express courier and self-service storage.
Over 3,000 nano flats to be completed until 2020 as residents squeeze into smaller homes
The nano flat supply is 35% higher than 2015-2017, indicating strong market takeup.
Exports recover after surging 10% to $359.1b in July
This comes from a mere 3.3% export growth in June.
Currency peg defense pushes aggregate balance down to $91b
The central bank is expected to make purchases that will drain liquidity further.
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