Hong Kong
2017 GDP growth projections revised upward to 3-4%
Thanks to robust private consumption and investment.
Hong Kong's unemployment rate held still at 3.1%
Underemployment dipped to 1.1%.
Cathay Pacific just lost $2.1b in 1H17
No thanks to lower passenger count.
Mandatory Provident Fund plan to be finalised
It's planning to scrap the MPF offestting mechanism.
Cheung Sha Wan business site sold at $2.97b
Bonson Holdings bought the area.
Private home completions up 18% to 8,789 units in 1H17
Sales of small units are driving this growth.
Apple tightens online sales policy in Hong Kong
The company disallowed returns and exchanges of all products bought online.
Banks to have a 'very good' capital buffer for the next 12-18 months: Moody's
That is in response to the move towards more stringent regulatory requirements.
CLP Holdings' profits down 3.5% US$755m
No thanks to volatile energy prices in Australia.
Hong Kong Exchanges & Clearing's earnings up 14% to $1.77b in Q2
Net investment income also increased 190%.
Exchange Fund's foreign assets hit $3.3t in July
It registered an increase of $45b.
Wharf Holdings' core net profit up 22% to $7.2b
Driven largely by strong contributions from the property segment.
Hong Kong's economy grew 3.8% in 2Q17
Real GDP growth forecast for 2017 was revised upwards.
FTLife launches MediSave Medical Account
This is to keep pace with rising health care costs while growing wealth.
Digital marketing trends to watch in Hong Kong
The world of digital marketing never remains static. Technology is developing new and innovative ways to engage with audiences in the Hong Kong market. Any brand that wishes to maximize their success in the marketplace should be aware of these trends, to help ensure their digital marketing strategy doesn’t lag behind the competition.
Hong Kongers burdened by soaring home prices
Mortgage-payment-to-income ratio rose to 54.2%.