Tuesday, June 28, 2022
Banks in Hong Kong are optimistic on their financial performance in 2022 with higher interest rates likely to improve margins, global business consultancy KPMG said in its latest report. Non-interest revenue should also increase as initiatives such as the Cross-Boundary Wealth Management Connect scheme offer new growth opportunities. Paul...
Stronger trade and investment ties with Mainland China and the world at large, boosting the broader trade industry and enhancing the technology sector, especially fintech, were key themes in the Hong Kong Budget for 2022-23, delivered by Paul Chan, the Hong Kong Special Administrative Region Financial Secretary. The Hong Kong...
Google Hong Kong has partnered with the Hong Kong Trade Development Council (HKTDC) to power SMEs’ digital capabilities and help them succeed globally in 2022 and beyond. Michael Yue, general manager, Sales & Operations, Google Hong Kong, explains how it will work. What did the research reveal?       ...
TransUnion said the latest results from its quarterly Consumer Pulse Survey, which tracks Hong Kong consumer attitudes to their financial situation and outlook, shows a further decrease in the impact of the pandemic on household incomes with 43% of consumers reporting their household income was negatively impacted, down 2...
Hong Kong's economy is expected to catch up with rival financial hub Singapore's pace of expansion this year for the first time since 2008, as it recovers from a pandemic-induced downturn. Economists have raised their growth forecasts for Hong Kong by 0.7 percentage points to 6.7 per cent this year,...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
Shares in jailed tycoon Jimmy Lai's Next Digital Ltd soared on Thursday, the first day of trading after a suspension of longer than a week following a freeze in the pro-democracy activist's assets under the national security law. In a late Wednesday statement, the media publisher said it had enough...
Hong Kong and Singapore have announced a start to their highly anticipated two-way air travel bubble. Flights under the agreement – which allows people to travel quarantine free between the financial hubs – will begin from May 26. The number of flights will be increased by June 26 if there...
As COVID-19 vaccine roll-outs boost recovery hopes at home and abroad, businesses see improving prospects for Hong Kong and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Their stronger performance showed up in the GBA Business Confidence Index (GBAI), based on quarterly surveys of more than 1,000 companies...
Hong Kong's Financial Secretary Paul Chan Mo-po has unveiled a spending blueprint with fewer but more targeted relief measures, including an unprecedented digital voucher scheme for residents to spur consumption. The relief measures, which include a HK$10,000 cash payout to all Hong Kong permanent residents aged 18 or above, will...
The Hong Kong stock exchange received a massive punch to the gut when Ant Group’s highly anticipated IPO was shelved. Said IPO was set to make history with record breaking numbers. However, despite this setback, the city is still on track to end 2020 as one of the world’s...

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