News

Tuen Mun site sold for $2.75b

It was awarded to Westlink Investments.

Loans up 3.6% in Q1 amidst intensified construction activities

On a monthly basis, loans for use also inched up 1.2% in March.

Is Kwai Tsing the new home for Hong Kong's upper class?

It’s one of the top five fastest growing districts in terms of affluence.

Hong Kong margin loans balloon nine-fold to $26.3b in 2017

The regulator has expressed concern about the risks associated with rising bad loans.

Hong Kong banks lift time-deposit rates amidst expected rate hikes

Standard Chartered and ICBC raised time-deposit rates to more than 2%.

Government mulls underground facilities to free up land for housing

Sewage plants and reservoirs can be relocated to caverns to build more homes.

Blockbuster IPOs set to trigger cash crunch

A cash crunch looms as Xiaomi moves for a public debut which could push Hibor rates.

Government estimates 96,000 units in private flat supply

This represents 1,000 less flats than the previous estimate.

Can Hong Kong successfully lure biotech firms from Nasdaq?

Mainland companies are already mulling their flotations in the city instead of the US.

3 in 5 companies unprepared for digital reskilling

Recruiters are not future-proofing their human resources for the disruption AI brings.

More than half of employees lament unfair company wages and promotion decisions

They believe companies don’t have existing policies promoting financial well-being.

Land shortage exceeds government estimate of 1,200 hectares

The government has identified 18 land supply options to plug the severe shortfall.

Exports up 8% to $347.7b in March

Trade outflows to Asia rose 9.4% but plunged in India (-35.3%) and Taiwan (-7.4%).

SFC slaps $1.2m fine on CN Capital Management Limited

Officers from the organisation conducted personal trades which breached conflict of interest.