Hong Kong
Government unveils new initiatives to ease housing crunch
Government unveils new initiatives to ease housing crunch
Homes under the HOS will now be based on a median monthly income of $39,500.
Tourism zooms into recovery after arrivals rose 8% to 4.95 million visitors in May
Visitors from the Mainland hit 3.82 million.
Government to launch Starter Homes pilot project on Ma Tau Wai Road
The venture redevelopment can provide 450 units.
Hong Kong Exchange cracks down on backdoor listings
HKEX is also targeting companies that remain listed but do very little business.
Vacancy tax may not dampen Hong Kong's runaway home prices
It will not trigger the expected price fall but will only slow the fast pace of growth.
Banks may lose $14.68m in net assets following HKFRS 9
Replacing the expected credit loss model is likely to shed off around 1% of net assets.
Nearly a fourth of bosses believe the Belt & Road Initiative would raise finance salaries
Several large-scale infra projects will drive up demand for such talent.
Hong Kong's blockbuster IPO year at risk from heating trade tensions
A liquidity crunch may force smaller firms to rake in less cash.
Hong Kong inks free trade agreement with Georgia
Georgia will eliminate import tariffs on 96.6% of its tariff lines for Hong Kong products.
Investment holding firm DBA convicted of issuing misleading statement
The SFC claims that DBA's financial statement for the year ended 2012 did not follow listing rules.
Banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% in 2017.
Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of closer ties.
Exports up 15.9% to $351.4b in May
Trade volumes to Singapore and Malaysia surged 43%.
Workers rejoice: average wage rate up 1.2% in March
Payroll per person also inched up 1.3%.
Insurer FWD mulls Hong Kong IPO
Strategic acquisitions in the past five years have strengthened FWD’s foothold.
Singapore is cheaper for expats than Hong Kong
A liter of gasoline, unleaded 95 octane costs the most in Hong Kong at $15 (US$2).
Citi joins Hong Kong's chatbot race with planned Facebook Messenger chatbot
Customers will soon be able to check account balance via the messaging app.
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