News
China's Xinyi Energy raises US$465m in Hong Kong's second largest IPO so far
China's Xinyi Energy raises US$465m in Hong Kong's second largest IPO so far
The float could mark the start of more active share sale activity after a sluggish start.
Commercial property sales crashed 47% YoY to $34.54b in Q1
Buyers’ sentiment was hit by domestic monetary tightening and US-China trade tensions.
Jobless rate still flat at 2.8% in February-April
This translates to 112,300 unemployed persons.
Grade A office net absorption falls to 14,500 sqft in April as demand weakens
Tenants moving out of Central also contributed to the decline.
Revitalisation scheme relaunch could drive industrial property values by up to 149%
Opportunities for redevelopment abound at Kwun Tong, San Po Kong and Kwai Chung.
Hong Kong exports down 3% in March
Double digit export volume declines were recorded to mainland China and India.
Industrial property transactions slow in March
Much of the leasing activity focused on relocations.
Home sales soared 50% to 7,822 units in March
Centra Horizon in Pak Shek Kok sold 70% of its 295 units on the first day of its launch.
Hong Kong grants four more virtual banking licenses with Ant Financial and Tencent entering fray
A unit backed by Chinese insurer Ping An also scored a license.
Eldercare costs in Hong Kong hit $38.8b annually: study
Businesses are also bearing the cost as the indirect cost of eldercare to employers hit $1.8b.
Viva Biotech Holdings raises US$194m in Hong Kong's hottest biotech float
The drug discovery platform attracted retail orders for about 107 times the shares initially available.
Chinese AI startup Megvii Technology clinches US$750m ahead of Hong Kong IPO
The latest funding round puts the value of the company at around US$4b.
Is Hong Kong ready to embrace AI?
Its lack of investments in an AI-enabled workforce and analytics infrastructure is weighing on its ambitions.
Hong Kong remains the priciest Asian city to build in: study
Its low technology adoption rate is driving up construction costs.
Urban Renewal Authority unveils building rehabilitation platform
It will provide information and technical support on redeveloping sites to building owners.
3 in 5 Hong Kongers prioritise data security over fast banking
Only 47% cited quick and easy banking as their top priority.
Restaurant receipts rose 3% to $31.5b in Q1
Non-Chinese restaurants saw $9.58m in receipts.
Read Here
Advertise
Sign Up
