News
Banks apply tech, data analytics to combat money laundering
One of the major amendments is to leverage technology on non-face-to-face account opening.
Total port cargo throughput up 5.3% to 70.9m tonnes in Q3
Inward port load from Malaysia registered high growth.
Tourist arrivals up 6.6% to 5.28 million in October
Visitors from South Korea and Japan posted the largest growth.
Office rents up 0.3% to $71.6 psf in October
The expansion of PRC companies in Central drove rents upward.
Fintech will go mainstream in Hong Kong by 2018: KPMG
The industry is entering a new era of Smart Banking.
Property sales down 11.8% to $66.7b in November
There were a recorded 7,601 sale and purchase agreements last month.
Home sales down 6% to 5,289 sold units in September
However, new residential launches were still warmly received.
HKEX unveils ID model for investors in northbound trading
It plans to identify orders at the client level for market monitoring purposes.
Hotel occupancy rate unchanged at 87% in September
The lack of major events may have been the cause of stabilisation.
Fed rate hikes can cool heated property market
The IMF described Hong Kong’s property market as booming and overvalued.
Residential sales volume may hit 63,000 units in 2018
Most of the new housing supply will be built on New Territories.
9 in 10 CIOs prefer contractual IT employees
Demand for temporary workers with software development skills is strongest.
Retail sales up 3.9% to $37.5b in October
Thanks to the ongoing recovery of inbound tourism.
Residential sales volume down 6% in October
Prices also went down 7.5% MoM.
HKEX opens office in Singapore
It will be its first overseas office.
4 in 5 professionals expect pay hikes in 2018
Workers generally hope for a modest 2-3% increase in pay.
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