Majority of executives struggle to upskill staff for new tech: study

Globally, 78% of business leaders predict an uphill battle in training staff on new tech. Majority of Hong Kong business leaders...

Four mobile networks buy 5G spectrum for $1b

It will take effect on April 2020. Four mobile network operators have collectively purchased 200MHz of spectrum in the 3.5 GHz...

Office rents break seven-quarter growth with 1% dip in Q3

Average rents in Central declined the first time since Q3 2014. Office rents in Hong Kong ended its seven-quarter growth streak...

Prime street shop rents tumbled 15.4% in Q3 as vacancies mount

Retailers are “running out of money” and expired leases were not being renewed. Prime street shop rentals fell 15.4% QoQ in...

Interconnection bandwidth to grow 55% CAGR in 2018-2022

66% of local businesses shared plans to use virtual connections to support overseas expansions. Hong Kong’s interconnection bandwidth or private connectivity...

Exports down 7.2% in August

Double-digit declines were recorded for import volume from South Korea and China. Hong Kong’s total exports of goods decreased by 7.2%...

China Mobile Hong Kong wins 3.5GHz spectrum for $300m

The company will build a territory wide 5G network. China Mobile Hong Kong won the bid for 60MHz bandwidth 3.5GHz bands...

Foreign companies in Hong Kong up 9.9% to 9,040 in 2019

More than 1,500 operates their regional headquarters in the city. The number of overseas and mainland Chinese companies in Hong Kong...

Hedge fund assets hit all-time high at $722.33b despite unrest

China’s growing economy, highly-trained talent and robust regulatory landscape boosted the figure. The hedge fund industry has accumulated a new high...

F&B sector’s jobless rate hit six-year high in Q3

Unemployment levels in consumption and tourism-related segments were at the highest in two years. The unemployment rate of the food and...

Business conditions expected to deteriorate in Q4: survey

Retail, food and accommodation sectors expect output and prices to fall. A third or 32% of Hong Kong senior managers are...

FS concludes US visit

Financial Secretary Paul Chan wrapped up his US visit yesterday by meeting financial sector representatives in Washington, DC.   In a meeting with Chief Executive of...

Key to survival in an increasingly authoritarian Hong Kong: live in truth

By Kieran Colvert Authoritarian regimes have a fatal weakness. It always gets them in the end. In the absence of a democratic mandate, they need...

Hong Kong’s top ‘competitiveness’ rankings have a cost: poor livability and labour rights

Hong Kong is the third most competitive economy in the world, according to the World Economic Forum’s Global Competitiveness Report released this month. The city’s...

FS visits Washington, DC

Financial Secretary Paul Chan yesterday attended the plenary session of the annual meetings of the International Monetary Fund and the World Bank Group in...

Tax pact to be gazetted

An order made by the Chief Executive in Council to implement the Comprehensive Avoidance of Double Taxation Agreement with Estonia will be gazetted on...

Investor compensation boosted

The Financial Services & the Treasury Bureau announced that amendments to the Securities & Futures Rules, made to enhance the investor compensation regime in...

New patent system set

A new patent system will be launched in Hong Kong on December 19 to provide patent applicants an alternative route of seeking standard patent...

FS to visit Chile, US

Financial Secretary Paul Chan will depart for Santiago, Chile, on October 12 and head to the US on October 15 to attend various meetings.   In...

5G spectrum auctioned off

Four mobile network operators have successfully bid for the 5G spectrum in the 3.5 GHz band, with total spectrum utilisation fees of $1.006 billion, the...

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