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HSBC earmarks $3.9b in liquidity relief for local businesses
HSBC earmarks $3.9b in liquidity relief for local businesses
It is easing borrowing terms to aid companies affected by the coronavirus outbreak.
Total restaurant receipts down 5.9% to $112.5b in 2019
Q4 marked the largest fall since the outbreak of SARS in Q2 2003.
Credit Suisse calls off Hong Kong meet over coronavirus outbreak
The event was originally scheduled on 25-27 March.
Property sales crashed 32.4% in January
Residential units showed the greatest decline, with sales plunging by 39.2%.
Retail sales down 19.4% to $36.2b in December
Jewellery, watches and clocks, and valuable gifts continue to lead the decline.
Banks' profits threatened as nCov hits on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
Hong Kong crashes into recession in 2019
This was dragged by GDP contractions recorded in H2 2019.
Exports dipped 4.1% to $3.99t in 2019
This was attributed to a 15.7% rise in exports to Mainland China.
Financial firms undermanned amidst 2019-nCov spread
Expect more delays in the completion of equity sales and bond deals.
HKB Listed Companies Awards is now open for nominations
Deadline of entries for the 2020 edition is on 17 April, Friday.
Hong Kong unveils new advance funding arrangement for SMEs
This aims to encourage the private sector to conduct in-house R&D works.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
The search is on for HKB International Business Awards 2020
Deadline for nominations is on 17 April 2020, Friday.
Inflation up 2.9% in 2019
Mild price hikes on imports and economic conditions will contain inflation in the near-term.
Sluggish retail rents to spill over to 2020
Visitor arrivals were down by 51.5% in December.
37% of restaurants saw revenue growth in Q4 2019
However, only two in 10 businesses have reported profit growth.
Grade-A office vacancies in CBD hit 3.4% in 2019
Office decentralisation efforts prompted it to hit its highest level in five years.
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