News

What are the key priorities for Hong Kong's financial institutions this year?

Battling anti-money laundering remains high on their agenda.

Shanghai Henlius Biotech eyes Hong Kong IPO

This comes amidst the bourse reform plan allowing the listing of pre-profit biotech companies.

Year-end home prices up for 14th month in a row

And it’s poised to rise by as much as 10% in 2018.

Hong Kong beats Singapore as world's freest economy

It has occupied the top spot for the 24th consecutive year.

Should the government provide refundable R&D credits to stimulate private investment?

However, the administration must first clarify its definition of R&D activities and expenditures, PwC said.

Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018

PwC forecasts that high profits from land sales, tax and stamp duty would buoy fiscal revenue to over $620b.

Healthier tourist arrivals boosts struggling retail sector as sales hit $446.1b in 2017

However, if retailers want to stay afloat, they should look for revenue sources other than mainland tourism.

High retail deposit requirements may prompt small banks to hike rates

The NSFR implementation compels the reporting of figures falling below 100% to the HKMA.

Zero negative equity for homeowners for the first time in 16 years

Thanks to the ever rising value of residential properties.

Hong Kong is the world's fourth most secretive financial center

In its bid to attract more offshore financial services, it is ranked roughly on par with Panama.

Mortgage applications down 14.2% to 10,520 in December

The value of approved mortgage loans also decreased to $27.8b.

Hong Kongers spend more than a fourth of their day online

It holds the second fastest global average internet connection speed at more than 140 mbps.

2 in 5 bosses did not offer performance-related bonuses in 2017

From this number, only 10% ensured that all their employees received their bonuses.

Imminent slowdown for Hang Seng Index looms despite present bull run

Morgan Stanley is eyeing a dip in the HSI within weeks.

Hong Kong's startup scene takes off amidst strong government support

AI, biomedicine and fintech are amongst key development areas in its bid to be the next Silicon Valley.