News

ZA Bank offers 6% introductory rate for deposits: report

ZA Bank offers 6% introductory rate for deposits: report

The virtual bank’s rate is said to have outpaced the big traditional players’ offers.

How Neufast takes the hiring blues away

The platform uses a neural network in scanning CVs.

Retail sales plunged 23.6% in November

Sales of luxury goods fell 43.5% despite the Christmas season.

IPOs in Hong Kong could raise $260b in 2020: report

Reforms on weighted voting right is boosting diversification of the capital market.

Economic downturns threaten HSBC profits, restructuring: analysis

Low confidence levels could reduce demand for credit and lending and revenue growth.

Hong Kong tipped to record 160 new listings in 2020

Alibaba’s HKEX debut may inspire US-listed Mainland firms to list in the city.

Airlines hit by job cuts and bankruptcies amidst unrest

Cathay Pacific Airways may have to cut as much as 1,000 jobs.

Hong Kong's global finance centre status weathers protests' effects

But its perception as a stable international hub is slowly deteriorating amongst foreigners.

Poverty rate rises to 20.4% in 2019

This was blamed on the accelerating number of ageing citizens.

Investors' retirement savings withdrawal rate unsustainable: Schroders

The rate of 8.9% could deplete their savings in a decade.

Index of industrial production for manufacturing up 0.4% in Q3

This was driven by a rise in output volumes in the food, beverages, and tobacco industry.

Over half of residents not keen on buying a property in Q3

Six in 10 find it a bad time to purchase a home right now.

GDP down 0.5% in Q3

This amounts to $722.8b, whilst GNY fell to $764.1b.

Value of construction works down 3% to $58.4b in Q3

Value of work at public sector sites fell to $15.5b.

Rents for five new public housing blocks set at $85.5 psm

This meant that 36% of the flats can be rented below $2,500 monthly.