Hong Kong
HKIA passenger traffic soars for sixth straight month at 6.7 million in July
HKIA passenger traffic soars for sixth straight month at 6.7 million in July
Local resident travel boosted monthly air passenger volumes.
Soaring home prices push millennials to illegally settle in industrial buildings
An estimated 12,000 residents lived in such buildings in 2016.
Crypto mining firms test their sustainability in Hong Kong IPOs
Bitmain, Canaan and Ebang’s flotations will determine the sustainability of their tech.
Hong Kong inks 15 agreements with Shanghai to boost growth
The deals aim to spur cooperation in legal, cultural, tech, education and finance.
Hong Kong-Shanghai bond connect implements delivery versus payment system
Bond payments are due at the time of delivery.
Shopping mall supply to hit 13-year high in 2019
There are nearly 2 million sqft in the pipeline.
Over 3,000 students to receive up to $72,800 in educational subsidies
It's part of the Study Subsidy Scheme for Designated Professions/Sectors.
SFC slaps $2m fine on HPI Forex Limited
The company used client money to conduct proprietary transactions.
16 building plans approved in June
Apartment developments dominated last month’s construction plans.
Close Chinese ties raise Hong Kong banks' compliance risk
The SAR already faces medium-high money laundering risk.
Hong Kong Island office decentralisation gains ground in July
Tenants, however, still prefer being as close to the CBD as possible.
Local retail scene thrives on Mainland health scandals
Personal care stores are cashing in on the influx of troubled Mainlanders.
Home sales down 9% to 6,093 units in July
Buyers held back purchases to see the impact of new housing policies.
Finance workers more willing to quit unsatisfying jobs
They have a higher number of counteroffers to choose from.
Hong Kong beats Singapore for global public transport crown
The SAR beats Paris, Seoul and London in public transport safety.
Hong Kong internet traders: Invest in cybersecurity or risk losing business
According to the Global Financial Centre Index, Hong Kong ranks as the third leading global financial centre after London and New York. In 2017, the number of transactions reached 610 million in the local securities market, with stock connects to Shanghai and Shenzhen bourses bringing in even more business. This is one reason why the Hong Kong financial services industry remains a favourite target for cyberattacks.
Housing space could be unlocked by relocating Kwai Tsing port and Fanling golf course to artificial island
A think tank has proposed that this could free up space to house 830,000 residents.