Visitors to Hong Kong surged in Labor Day holiday

Tourists from Mainland China showed double-digit yearly growth The year-long deterioration in tourist figures has slowed in the last 2 months, in a possible turning point after the latest figure in Labor Day holiday. The number of mainland visitors has… Continue Reading →

Hong Kong to boost Fintech development

Upcoming government-led initiatives are confirmed Aiming to facilitate the development of start-ups in various sectors of financial services including financing, payment & infrastructure, operation & risk management, investment & wealth management, security, and data analytic, Hong Kong government is dedicated… Continue Reading →

Hong Kong is not another Shanghai

In terms of globalization of financial market, Beijing is the stronghold of “One Country, Two Systems”. Hong Kong’s success of being an international financial hub, meanwhile, largely owes to its solid social and legal infrastructure. Hong Kong’s financial sector is… Continue Reading →

China tour groups to Hong Kong declines rapidly

Outlook of Hong Kong retail and property sector are gloomy These sectors are experiencing a difficult structural change. Over the past decade, landlords and luxury retailers have reaped the benefit of strong demand from the boom of mainland Chinese tourists… Continue Reading →

HK second board listings surge on debute

The top shares outperforms the market by notching astonish 19-fold gain on the first trading day GEM board, second board of HKEX, seems a hype market and has become a wonderland for investors seeking to “cash out” after taking advantage… Continue Reading →

Hong Kong ranks after Singapore in financial centre index

Competitiveness of Hong Kong slides The latest index released by Z/Yen Group shows Singapore has overtaken the SAR as the No 3 global financial center. As the dominant financial centre to Chinese economy, Hong Kong’s financial center status is irreplaceable… Continue Reading →

HSBC forecasts weaker renminbi to 6.9 againt USD

Chinese yuan internationalization remains Investors have to accept that more volatile and possibly weaker RMB to USD as the new “normal”. 6 April 2016 HSBC analyst sees renminbi down 6% by year-end The Chinese renminbi is likely to further weaken… Continue Reading →

Food trucks for Hong Kong

Pilot scheme reveals 12 vehicles in prime locations at Wan Chai, Central, Tsim Sha Tsui, Disneyland Restaurant owners  have doubts how to be fair with food truck ventures to assign the spots whether the scheme fall into that the richest… Continue Reading →

Hong Kong restricts vaccinations for non-resident children

Mainland parents can bypass the limit by going to Hong Kong private clinics Mainland parents have been flocking to Hong Kong for pneumococcal vaccinations for their kids as drugmaker Pfizer has stopped selling a vaccine in China earlier 2015 and… Continue Reading →

Green light of SZ-HK Express Rail Link granted in a surprise voting

Pan-democrats legislators failed to resist the Legco to pass the bill causing extra HK$19.6 billion budget. Based on Hong Kong legislation during Leung Chun-ying regime, when it comes to critical bills to the government like the Appropriation Bill, act of filibusters by pan-democrats… Continue Reading →

Hong Kong Gov Budget 2016-17 highlights

Plenty of sweeteners in tax and one-off relief measures are offered. Financial Secretary John TSANG has not departed from his prudent fiscal management philosophy in this year’s budget, he cautions about the bumpy road ahead with increased economic and political… Continue Reading →

Hong Kong luxurious items retailers suffer the most

Category “Jewellery, watches and clocks, and valuable gifts ” got the biggest YoY drop in January. Rich Chinese have been the major consumers of luxury’s brands over a decade, their shopping taste is shifting to tourist spot of cheaper currencies…. Continue Reading →

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