News
WeLab Bank rolls out in Hong Kong
Clients can open an account in five minutes.
Restaurant receipts down 25.9% to $21.2b in Q2
The declines narrowed from Q1 as social distancing measures eased.
Residential sales to drop as third COVID-19 wave persists
New residential projects scheduled for sale are also likely to be further postponed.
Mortgage applications slipped 7.9% in June
Despite a jump in approved loans, mortgage loans drawn down also rose 23.8%.
Lands Department awards Tai Po site tender to Wealth Honour
It spans about 22,608 sqm and is designated for private residential purposes.
Hong Kong's retail sales slip 24.8% in June
The decline softened as the local epidemic abated during the month.
GDP sinks 9% in Q2
Private consumption expenditure continues to counter the growing public consumption.
Exports down 1.3% in June
Exports to major markets outside Asia saw double-digit decline.
Hong Kong tension may hasten Daiwa's shift to Mainland
Daiwa had been planning to shift some operations from the city to the Mainland through a JV.
Hong Kong launches public consultation on additional spectrum in 4.9 GHz band
It also aims to discuss the spectrum utilisation fee for the provision of public mobile services.
Hong Kong recovery may take longer than expected, Chan says
He once again urged landlords to offer tenants rental concessions to ride out the impact.
Unemployment widens to 6.2% in Q2
Underemployment rate similarly inched up to 3.7%.
Luk Fook's same store sales plunged 71% in Q1
They are planning to close five shops in Hong Kong.
Inflation edged up 0.7% in June
The relaxed spike in June was due to the moderated price increases in pork.
28% of businesses expect worse business conditions in Q3
Real estate and professional services are some of the sectors projecting fewer sales output.
Exports down 6.7% in May
Double-digit declines were recorded for the total export volume to India and the US.
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