News
SFC to issue virtual asset trading license
SFC to issue virtual asset trading license
The regulator has published a set of standards comparable to licensed securities and trading brokers.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Property sales down for fifth straight month in October
But total sales consideration soared 44% to $65.6b.
Restaurant receipts down 11.7% to $26.4b in Q3
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.
Hong Kong is the 7th costliest office fit-out market in APAC
Soaring AV/IT costs add to the expensive builders’ works.
Developers to shift away from nano flats
The supply of nano flats will shrink starting 2022.
Hong Kong sinks into recession
GDP slumped 3.2% into region’s worst performance since the 2009 global financial crisis.
Hong Kong economic growth may plunge into negative territory by end-2019
Both domestic and external demand remained weak.
Bank of East Asia forges digital banking partnership with five firms
Customers can apply for loans and purchase products online in these platforms.
Hong Kong urged to boost $2b economic stimulus
Some subsidies may drive consumption overseas or remain useless amidst the protests, argued Natixis.
Air transport body calls on HKA to fix financial situation
The authority warned to take action unless the situation improves.
Luxury condo prices down 1.7% in Q3 as the rich rein in spending
Hong Kong Island’s luxury home sales crashed 90% to just 10 in September from 100 in April.
Exports down 7.3% to $347.7b in September
Total exports to Asia slipped 4.5% YoY.
Inflation slows to 3.2% in September
This was due to the effect of public housing rental adjustment dissipating in September.
China Mobile, HKT win 5G spectrum for $240m
The two have bid for 50MHz of the spectrum in the 4.9GHz band.
Long-term land investments gain ground amidst rising political action
Developers are looking to invest more in agricultural lands.
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