News
Unemployment rate steady at 2.8% in May-July
Unemployment rate steady at 2.8% in May-July
This translates to around 114,700 unemployed Hong Kongers.
Can China's payment titans crack Hong Kong's mobile wallet market?
AlipayHK users have doubled to 1.5 million since March.
Alibaba-backed e-parenting firm eyes $1b Hong Kong IPO
Babytree is targeting a valuation of up to US$5b.
Beijing to launch smart cards for Mainland-based Hong Kongers in GBA push
Cardholders will enjoy same access to public services as Mainland counterparts.
California embraces Hong Kong market as trade war squeezes export options
US cherries sold in the SAR in August were around 10% cheaper than last summer.
Peg defense boosts interbank borrowing costs to two-month peak
The HIBOR for a one-month interest period hit 1.38%.
Goldman-backed heart valve startup eyes Hong Kong IPO
Venus MedTech is said to be aiming to raise up to US$500m.
Residents expect to fall short of $5m life savings target
They expect they can set aside only $3.15m after retirement.
Beijing pitches in for Hong Kong's IT sector upgrade
Two state-backed laboratories will be built in the SAR’s science park.
Central bank buys $2.355b to defend weakening currency peg
The HKD fell as the greenback gained strength after Turkey’s market turmoil.
Only a third of startups embrace accelerators
Firms may be failing to exhaust all available support options.
Coworking operator UCommune eyes Hong Kong IPO to outbid US rival
It’s also planning to raise around US$200m in its series D round.
Hong Kong mid-year population up 0.8% to 7.45 million
Birth numbers (55,000) outweighed mortality rates (47,300).
Hong Kong is more liveable than Singapore
The SAR is at 35th place whilst the Lion City is at 37th.
Hong Kong is the fifth most preferred place for Australian expats
There are around 35,000 Australian expats in the SAR.
Waiting time for public housing hits 18-year high
It takes residents five years and three months to be allocated a flat.
Tight squeeze: Demand for nano flats doubles in first eight months of 2018
Units no larger than 300 sqft compose 12.4% total apartment sales in the city.
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