News
Hong Kong's private banking assets hit $7.81t in 2017
Hong Kong's private banking assets hit $7.81t in 2017
More than half of total assets came from overseas locations.
Office rents up 0.9% in June
This translates to an average monthly rent of $73.9 psf.
Has China Tower lured Alibaba and Hillhouse Capital to its mega IPO?
Reports claim they are investing around US$500m in the firm.
Developers slash unsold home prices as vacancy tax kicks in
Paliburg Holdings and Regal International started offering discounts on vacant units.
Exports weather through trade woes after rising 12.9% in May
Trade to the Mainland and Japan registered double-digit growth.
Unemployment rate flat at 2.8% in April-June
This translates to 112,400 unemployed persons.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Hong Kong to establish Academy of Finance by 2019
HKMA hopes it can serve as a hub for monetary and financial research.
HKEX and Chinese stock exchanges reach agreement to include WVR companies
A joint working group will be established to achieve this goal.
Public housing rents to climb 10% by September
The surge comes after a report suggested that higher incomes can support steeper rents.
China Tower eyes US$8.8b in IPO that would put Xiaomi to shame
Xiaomi only raised US$5.4b in its earlier listing.
Mainland-based Ascletis Pharma launches IPO in Hong Kong's first pre-profit biotech listing
The firm is selling 224.1 million shares at $12 to $16 apiece.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
Hong Kong bourse brushes off Shanghai and Shenzen dual-class share ban
Access to WVR firms has been banned amidst a reported lack of understanding of the new reform.
PMI further plummets to 47.7 in June as costs skyrocket
Inflation levels for purchase costs hit a six year high.
North Point apartment units sold for as much as $21.87m
Sun Hung Kai Properties enjoyed a strong sale, with 1 unit left unsold.
Trade tensions could hammer up to 2.2% of Hong Kong exports
The second round of tariffs could hit $130b worth of Chinese exports to the US via Hong Kong.
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