Hong Kong

HKMA capital injection fails to buoy local currency

The HKD is still traded at $7.85 against the USD.

Micro flats multiply as residents scramble for affordable housing alternatives

Flats of less than 20 square meters accounted for 4% of private homes completed in 2017.

Higher interest rates loom amidst weakening dollar: FS Chan

Consumers may shoulder higher mortgage repayments soon.

Lucrative digital jobs buoy Hong Kong's employment market in 2018

Professionals switching to digital jobs can expect as much as 25% salary increase.

SFC slaps Instinet Pacific with $17.3m fine

The electronic trading company’s algorithms generated false market orders thrice.

HKIA passenger traffic up 8.5% to 6.39m in March

The Easter travel peak resulted in higher passenger volumes.

HKMA purchased $3.26b in local currency to boost struggling dollar

This comes as the Hong Kong dollar plunged to a thirteen year low.

Hong Kong ramps up efforts to capture GBA's insurance market

A new licensing regime for the regulation of insurance intermediaries is in the works.

WeWork eyes naked Hub acquisition to capture Greater China market

Local media are reportedly valuing the deal at $400m.

Tsing Yi site sold for $867.3m

It was awarded to Wang On Properties subsidiary Newex Limited.

Hong Kong dollar plunges to record low at $7.85

This marks the first breach since the range was imposed in 2005.

Hong Kong to link central bank system with Japan for faster cross-border transactions

These will streamline transactions of Japanese government bonds and Hong Kong dollars.

Hong Kong signs customs deal with Korea

It enables Mainland cargoes shipped through Hong Kong eligible for preferential tariffs.

Chinese TMT companies zero in on Hong Kong for public debuts

Their combined IPO proceeds accounted for more than half of total proceeds at $32.11b.