News

Close Chinese ties raise Hong Kong banks' compliance risk

The SAR already faces medium-high money laundering risk.

Hong Kong Island office decentralisation gains ground in July

Tenants, however, still prefer being as close to the CBD as possible.

Local retail scene thrives on Mainland health scandals

Personal care stores are cashing in on the influx of troubled Mainlanders.

Home sales down 9% to 6,093 units in July

Buyers held back purchases to see the impact of new housing policies.

Finance workers more willing to quit unsatisfying jobs

They have a higher number of counteroffers to choose from.

Hong Kong beats Singapore for global public transport crown

The SAR beats Paris, Seoul and London in public transport safety.

Housing space could be unlocked by relocating Kwai Tsing port and Fanling golf course to artificial island

A think tank has proposed that this could free up space to house 830,000 residents.

Is the Asian wealth race shifting away from Singapore and Hong Kong?

Wealth managers are shifting to cities like Jakarta, Shanghai and Manila.

Third-party logistics players ramp up expansion plans despite trade jitters

ATC Air Service and AK Logistics grew their Kwai Chung footholds in July.

Why are temps expecting 25% higher pay than regular workers?

Their belief in their niche expertise skills drives them to demand more.

Local hotel market boosted by 1,000 new rooms in H1

The completion delay of Ocean Park Marriott would've boosted supply figures more.

Office vacancy rates tighten to 3.9% in July

Hong Kong East dislodged Central as the district with the lowest vacancy rate at 1.4%.

Hong Kong has slower fixed broadband speed than Singapore

The SAR fell to second place with a speed of 145.65 Mbps.

HKMA slaps $5m fine on Shanghai Commercial Bank over money laundering breaches

SCOM failed to monitor its relationship with 33 customers with suspicious transactions.