Hong Kong
SFC slaps Hang Seng Bank's investment arm with $3m fine
SFC slaps Hang Seng Bank's investment arm with $3m fine
The firm failed to comply with cash management guidelines involving SFC funds.
Retail sales up 12.3% to $39.5b in April as tourism strengthens
Tourist arrivals posted double digit growth after rising 11% in April.
Approved mortgage loans down 5.6% to $37.3b in April
However, the number of mortgage applications rose to 14,898.
Morris Cookies wins Made in Hong Kong Awards for Food
The company’s low-temperature baking method prevents harmful chemicals like Acrylamide from rising.
Binatone Electronics International Limited bags Designed in Hong Kong Awards for Electronics
The Halo+ baby monitoring system generates sleep insights to better understand babies' sleeping patterns.
MSENVY bags Designed in Hong Kong Awards for Apparel (Women)
The clothing firm's use of silk in its digitally printed collections continues to appeal to various ages.
BNET-Tech Company Limited bags Designed in Hong Kong Awards for Healthcare
The smart walking cane is simplified to overcome elderly people's aversion to electronic gadgets.
YULU International Limited bags Designed in Hong Kong Awards for Toys and Novelties
Operation: Escape delivers the escape room experience right into people’s living rooms.
Home prices up for 25th straight month in April
Secondary market home prices rose 1.84%.
Hong Kong loses to Singapore in open banking readiness
Lack of clear guidelines from the central bank weighed on the city's competitiveness.
Virtual banks are no longer a thing of the future in Hong Kong
The central bank is aiming to award licenses towards the end of the year.
Iceland biotech firm mulls US$350m pre-IPO fundraising
Alvotech’s potential IPO is another win for Hong Kong bourse which recently liberalised its listing regime.
Hong Kong's land shortage is pushing local developers to China
The land shortage exceeded the government estimate of 1,200 hectares.
First time homebuyers rush to lock in home purchases before prices rise further
They snapped up to 90% of home sales in the first four months of 2018.
Stamp duty rebate extension fails to accelerate home upgrades
There was no significant increase in such transactions from 659 cases to 663 in February to April.
Hong Kong dominates APAC commercial property market as transaction volumes hit $191.5b in Q1
The city was the only market that ranked in the top five across all five property sectors - office, industrial, retail, apartment and hotel.
Government mulls tax exemption for select tech professionals in Mainland
This may cover professors working on the Mainland for more than 183 days a year.
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