News
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
Heightened Mainland lending pose risks to Hong Kong banks after rising 21% in 2017
The bulk of PRC lending is geared towards lower credit quality firms like SMEs.
Tencent unveils plan to ease Greater Bay Area travel through WeChat
Travel permits and IDs would be linked to the app to facilitate border crossing.
Thriving IPO scene under threat as the Mainland eyes similar bourse reforms
China is reportedly mulling lower thresholds for biotech firms to list.
Total port cargo throughput down 0.7% to 65.7m tonnes in Q1
Tonnage of inward port cargo plunged in Singapore, Korea, Japan and Vietnam.
Sunny Optical stock rallies by a whopping 9,500%
The Mainland lens producer is now worth $22b.
Three out of five jobseekers hunt through mobile phones
Job applications should also be mobile friendly.
Xiaomi reportedly plans $3b Chinese Depository Receipts in mega IPO
It may raise 30% of shares in the Mainland and the rest in Hong Kong.
Property sales down 10.9% to $63.5b in May
Skyrocketing property prices may have finally dampened demand.
Blockbuster IPOs buoy Hong Kong loans 17.1% in April
The city is hosting the back-to-back flotations of Xiaomi and China Tower.
Residents embrace shipping container homes amidst public housing holdup
Hong Kong's housing shortage has bred several creative residential solutions.
SFC slaps Hang Seng Bank's investment arm with $3m fine
The firm failed to comply with cash management guidelines involving SFC funds.
Retail sales up 12.3% to $39.5b in April as tourism strengthens
Tourist arrivals posted double digit growth after rising 11% in April.
Approved mortgage loans down 5.6% to $37.3b in April
However, the number of mortgage applications rose to 14,898.
Home prices up for 25th straight month in April
Secondary market home prices rose 1.84%.
Hong Kong loses to Singapore in open banking readiness
Lack of clear guidelines from the central bank weighed on the city's competitiveness.
Virtual banks are no longer a thing of the future in Hong Kong
The central bank is aiming to award licenses towards the end of the year.
Hong Kong's land shortage is pushing local developers to China
The land shortage exceeded the government estimate of 1,200 hectares.
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