News
Developers deploy discounts to offset mortgage rate hikes
Developers deploy discounts to offset mortgage rate hikes
Sun Hung Kai Properties rolled out 16% on its Park Yoho property.
Life annuity scheme subscription hits $4.94b out of $10b limit
Average subscription amount was at $525,000.
GDP growth slows to 3.5% in Q2 as trade war eats into exports
Around $136b of total exports stand at risk.
Two more Chinese firms jump in on biotech listing fever
Kintor and Frontier are amongst those eyeing floats.
Sought-after bank relationship managers demand 30% wage hike
The Greater Bay Area project has fuelled demand for such candidates.
Developers bear the fallout of crippling vacancy tax
Swire Properties could incur extra costs after a possible misstep.
Exports grind to a halt at 0.7% growth in June
The fall comes from a 12.9% expansion in May.
Homeowners to feel pinch as banks hike mortgage rates
BOC (Hong Kong), HSBC and Hang Seng Bank raised rates by 10bp.
Singapore nabbed Asia's fintech crown from Hong Kong in 2017
Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.
Hong Kong stock exchange operator profit surges 44% to $5.04b in H1
Record revenues from trading and jumbo listings boosted HKEX half-year earnings.
Chinese tech firm Bytedance eyes US$3b in funding before jumbo Hong Kong IPO
It would put the firm in prime position to be the world's second largest unicorn.
HKIA passenger traffic up 5.2% to 6.21 million in June
This represents the fifth consecutive month of growth.
Office rents extend climb after rising 2.4% in Q2
Wanchai/Causeway Bay dethroned Central as rental growth driver.
Bank loan growth may slow to 5% in H2
Trade tensions and higher interest rates are to blame.
Hong Kong raises record US$19.2b in summer IPO haul
Trading volume smashed previous record in 2010.
Health department falls victim to cyberattack
Computers were encrypted by ransomware, leaving some data inaccessible.
Property sales surge 55% to $99.4b in July even as vacancy tax bites
A Sha Tin apartment was nearly sold out a week after the cooling measures took effect.
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