News

HSBC sees significant growth in new APAC wealth arm

Double-digit growth is on the horizon over the next three years.

Over half feel indifferent in owning a home amidst pandemic

Only 1 in 10 locals thinks it is a good time to buy a home.

Fraud suspected in sudden sales spike of $10m Hong Kong flats

Regulators loosened mortgage rules in October, which is only enough for small-to-medium flats.

Average salary increment stood at 1.3% in Q1

Around three quarters of job seekers are considering a career change.

7 out of 10 office workers prioritise health as primary life goal

Working from home arrangement found by most employees as flexible.

Unemployment rate widens to 5.2% in February-April

This is the highest figure recorded in over a decade.

COVID-19 to drive digital payments take-up in Hong Kong

E-payments firm Octopus said that mobile wallet usage rose 30% in February.

Hang Seng benchmark paves way to include Alibaba: report

The index includes companies from the Mainland with a secondary listing in Hong Kong.

Over 15,000 shops may close without rent relief

Landlords are only willing to cut rents by 10-20% instead of the requested 50% by retailers.

Export volumes down 9.1% in Q1

Volumes to the US led the decline.

Cathay Pacific's passenger volume plummets 99.6% in April

It expects daily passenger volume to remain low in May.

GDP contraction widens to 8.9% YoY in Q1

The decline is said to be the worst drop on record.

Bankers face ‘new normal' as they return to offices

Despite the measures, some have expressed relief at physically seeing their colleagues again.

Hong Kong's land tender fails to sell in property market setback

All four offers on the former Kai Tak airport site failed to meet the reserve price.

Less than 20% ‘understand' fintech apps: survey

The majority of Hong Kong use such apps for personal finance.