News
Hong Kong trade deficit narrows to $244.2b for H1
Hong Kong trade deficit narrows to $244.2b for H1
Total trade exports and imports decreased by 3.6% and 4.5% in H1.
4,800 private flats completed in Q2
About 93,000 flats will be available in the next three to four years.
Hang Seng Bank adds forex functionality to AI-powered chatbot
Users can request data on current rates and detect nearby FX ATMs.
Skyrocketing rents hit Hong Kong retailers hard
Retailers are burdened by leasing costs as high as $20,864 annually.
Home sales crashed 44% to 4,627 in May amidst launch drought
A property at Mount Nicholson on the Peak changed hands for $916m.
Less Hong Kongers expecting home prices to rise
The number of respondents forecasting home prices to grow fell to 36% from 42%.
Inflation hits 3.3% in June
Surging pork prices drove inflation levels up.
Firms expect business situation to worsen in Q3: survey
Retail, accommodation and food services, and real estate sectors are bracing for the worse.
Cathay Pacific acquires Hong Kong Express Airways
HK Express will reportedly remain a low-cost carrier.
Jobless rate unchanged at 2.8% in Q2
About 1,600 workers joined the labour force.
Asian flight bookings to Hong Kong fell 5.4%
Recent protests deterred would-be visitors from other Asian markets.
Luxury apartment transactions fell by 24.8% in Q2
Residential demand may pull-back over the next three to six months.
Secondary listings by Mainland firms to weigh on liquidity
Large IPOs in the pipeline and reduced aggregate balance still make liquidity conditions volatile.
Commercial property deals dropped 6.2% to $2.1b in Q2
The office sector continued to drive property investments, accounting for 53% of the total transaction volume.
Industrial vacancies dropped to 1.7% amidst weaker leasing momentum in Q2
Warehouse rents edged up 0.5% QoQ despite the downbeat trading outlook.
Total export volume down 4% in May
Total export and import volumes went down as prices increased.
Non-residential property transactions nearly halved in H1 over weak investor sentiment
There were only 475 commercial transactions from January-April 2019.
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