Budweiser IPO estimate $70.73b could be Hong Kong’s largest

It could easily eclipse Uber’s $63.26b listing in New York. Budweiser Brewing Company is expected to raise as much as $70.73b...

What are click farms? A shadowy internet industry is booming in China

In China, the world’s largest smartphone market with over 800 million users, a unique type of farm springs up in urban areas. The only crops...

Luxury hotel room stock hit 18,839 in 2018

Occupancy rate rose 3 ppt to 89%. As at 31 December 2018, the total stock of High Tariff A or luxury...

Smart city tech showcased

The Office of the Government Chief Information Officer is showcasing for the first time the smart lamppost and free electronic identity (eID) at the...

Tech park meeting held

Secretary for Innovation & Technology Nicholas Yang today presided over the fifth meeting of the Joint Task Force on the Development of the Hong...

James Lau meets ADB officials

Secretary for Financial Services & the Treasury James Lau today attended the 52nd Annual Meeting of the Board of Governors of the Asian Development Bank...

Hong Kong still top APAC real estate investment market in H1

However, transactions fell 46% YoY to $47.06b. Hong Kong maintained its position as the top Asia Pacific (APAC) investment market for...

Less Hong Kongers expecting home prices to rise

The number of respondents forecasting home prices to grow fell to 36% from 42%. The proportion of locals expecting residential property...

Mall rents slashed by up to 25%

Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest. Swire Properties announced a temporary rental reduction of 10-25%...

West Kowloon site sale set

A West Kowloon site in the 2019-20 Land Sale Programme will be sold by public tender, the Lands Department announced today.   The site, listed as...

August imports, exports dip

The values of Hong Kong's total exports and imports of goods recorded year-on-year decreases of 6.3% and 11.1% in August, the Census & Statistics...

CSSA students to receive grant

The Social Welfare Department will make a one-off grant to students who are receiving Comprehensive Social Security Assistance (CSSA) starting from August 23.   The arrangement...

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...

Hong Kong named as the most vulnerable APAC country to Chinese trade decline

Most of the region’s exports are being absorbed by China. Hong Kong is the most vulnerable country, having the greatest exposure...

Fiscal backing for Policy Address

The Financial Secretary will provide full financial support to facilitate the early implementation of the initiatives in the 2019 Policy Address.   Responding to the newly unveiled...

Smart lampposts meeting held

The Multi-functional Smart Lampposts Technical Advisory Ad Hoc Committee held its second meeting today to discuss the technical application and privacy protection of smart...

Weak passenger revenue and cargo business dim Cathay’s growth prospects

Overall yield comes under pressure with the declining travel demand. Although Cathay Pacific and Cathay Dragon reported a 4.7% increase in...

Before you complain about Hong Kong’s anti-extradition bill protesters, consider this

Hong Kong’s summer of protest continues. As the situation has turned more violent around us, one hears hesitations about the protestors and their modi...

GBA to boost office demand

Demand will continue to come from companies in the financial sector. Hong Kong offices can expect an influx of tenants from...

$14.8b deficit recorded

The Government recorded a $14.8 billion deficit for the first three months of the current financial year.   Expenditure was at $124.4 billion and revenue at...

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