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Hang Seng Bank to reopen nine branches
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
WeDoctor eyes $1b Hong Kong IPO
It has invited pitches from investment banks to lead the platform’s listing.
Total cargo up 1.8% to 263.3 million tonnes in 2019
But exports dropped 24% to 6.3 million in Q4 2019.
Nearly 3 in 5 firms fear virus crisis could spur restructuring
But for now, hiring continues for 63% of companies.
Bank of East Asia Foundation ups COVID relief to $3m
Partner NGOs will distribute sanitary packs and necessities in Hong Kong.
PMI sinks to lowest since 1998
GDP is expected to contract at an annual rate of nearly 5%.
Standard Chartered consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
Only 1 in 10 bosses bullish on global growth: survey
About 79% cited changing consumer behaviour as the top threat to their businesses’ growth.
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Apex Motors to launch $1.5m electric supercar
The car is priced to compete with Tesla’s Roadster.
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
HKMA cuts benchmark interest rate to 1.5%
It was in line with the US Fed’s cuts in response to the virus outbreak.
January retail sales remain severe amidst COVID-19 outbreak
Value of sales dropped 21.4% to $37.8b compared to a year earlier.
Finance chief sees property holding up despite turmoil
Paul Chan stated that there is no risk of “an off-the-grid type of downfall”.
18 projects unveiled in new land sale programme
The residential sites will provide an estimated 15,730 units in 2020-2021.
Shoppers shun online shopping apps: study
Consumers prefer to pick up an item in-store after purchasing it online.
HKMC to launch mortgage loan pilot scheme
It has interest rates of 2.75%, 2.85%, and 2.95% per annum for periods of 10, 15 and 20 years, respectively.
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