Saturday, July 4, 2020
The COVID-19 outbreak is apparently on the retreat in Mainland China, and has so far had a relatively restrained impact on Hong Kong and Macao, but the disease and measures to control it have dented confidence among exporters. The triple challenge posed by COVID-19, softening global demand and lingering trade...
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub. While Hong Kong’s retail sales extended their free-fall in December as months of sometimes violent anti-government protests...
Hong Kong economy shrinks for first time in a decade The Hong Kong economy's first recession in a decade deepened in the fourth quarter of 2019, weighed down by anti-government protests and the US-China trade war. Last year was the worst for Hong Kong's growth since 2009, when the financial...
Hong Kong, hurt by US-China trade war, protests, has been replaced by Tokyo as Asia-Pacific’s largest commercial real-estate market in 2019 Hong Kong is no longer the largest commercial real-estate market in Asia-Pacific, having lost its crown to Tokyo in 2019, data and analytics firm Real Capital Analytics said on...
2019 was a particularly rough year for the global economy. Hong Kong especially was hit relatively hard thanks to ongoing protests which has affected both local and foreign business in the city-state. As such, Hong Kong’s government has recently revealed their intention to “boldly” shore up the finance hub’s...
More than one in 10 retailers in Hong Kong could close down in the next six months as social unrest and sometimes violent protests deter tourists, threatening the survival of smaller operators, the city's main retailing group said. About 7,000 licensed retail establishments out of 64,000 in the Asian...
Alibaba unveils Hong Kong secondary listing plan, in vote of confidence Alibaba Group Holding, the record holder of the largest global initial public offering, has unveiled a secondary listing plan in Hong Kong, in a vote of confidence for the local financial market as the worst political crisis in the...
Hong Kong pledges fresh aid of US$255 million to boost battered city Hong Kong’s government has announced an extra allocation for the city battered by political unrest and facing its first recession in a decade. Massive and violent anti-government protests over the past five months have shaken Hong Kong's reputation...
Major tourist, shopping and residential areas of Hong Kong resembled ghost towns on Tuesday, with nearly all stores and restaurants shutting for citywide anti-government protests on National Day. Retail was brought to a virtual standstill in the global commercial hub as more than 25 shopping centres lowered their shutters fearing...
The Hong Kong government has spent HK$7.4 million so far on a global advertising campaign aimed at reassuring foreign investors and visitors the city was still safe despite months of protest chaos. Industry experts said the official campaign had lost out to a similar drive by the protesters who have...
A Malaysian programme to attract wealthy foreigners to live in the country has drawn 251 applications from Hong Kong residents this year, compared with 193 approved last year from the Chinese-ruled city, a government official said. Property consultants said interest in the “Malaysia My Second Home” (MM2H) initiative has surged...
The Chinese government has revealed plans to boost the economic prowess of the mainland city of Shenzhen, taking over from Hong Kong, which has been China’s economic powerhouse ever since it was relinquished by the British. Shenzhen was formerly a quiet and sleepy fishing village, but it has since been...

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