English Financial News

HK Bank Regulator Grants Eight Virtual Bank Licenses

  • 2019-06-10

Hong Kong's banking regulator has granted eight virtual banking licenses to financial operators so far this year, allowing them to operate branchless savings and loans businesses. These moves increased the number of licensed banks in Hong Kong to 160, according to the Hong Kong Monetary Authority (H …

科技

Audiobook Lights Up e-book Market and Boosts Publishing Industry

The audience base of China's audiobook is expected to increase to 478 million, and the market value will expand to 6.36 billion RMB in 2019, according to a survey from China Network Security and Information Committee. This advanced function might boost the ebook market, whilst the copyright issue an …

Credit card trap - devil for youngsters

  • 2019-04-12

The younger generation tends to repay their credit debts later than the banks' payment due date, a report found, highlighting they are weak on financial management and personal finance. TransUnion, a credit rating company, said there are 2,800 credit card holders, who aged below 23 years old, repay …

每周焦點

Wedding spending rises but fewer people getting married could dim the market

The average cost on weddings has been increasing since 2014, buoyed by upward trend of the western wedding culture, yet this trend may vanish soon amid macroeconomic headwinds and a decrease number of weddings, business insiders said. A couple spent an average of HK$360,000 on their weddings in 2018 …

每周焦點

Debt default to rise amid China's deleveraging drive

Chinese corporate bond default amount hit a record high of RMB 115.45 billion (HK$135.49 billion) in 2018, while corporate bond default cases more than tripled to 119. The high leverage ratio of Chinese firms has led to an unprecedented wave of corporate bond defaults in China, experts said. Corpora …

每周焦點

HKEX tightens backdoor listing rules value of Chapter 21 firms rises

The Hong Kong Exchanges and Clearing Limited  (HKEX) has kept on tightening rules and regulations to curb backdoor listings and shell activities. However, the value of companies under Chapter 21, which could be used as shell companies, has been rising as the HKEX finds it hard to delist those compan …

Celebrities-related Stock Prices May Not Reflect Operation Performance

  • 2019-03-25

The term "celebrities-related stock" (明星概念股) has become popular in the market recently as more companies held by entertainment artists are seeking for a listing in Hong Kong. A recent example is Alan Tam's Impact Global Holdings (藝能環球), which is engaged in entertainment and concert organising busine …

Indoor Food Stall Streets Under Link Keep Gaining Market Place

  • 2019-03-25

Under real estate investment trust and market management corporates’ mature promotion and planning, indoor street food stalls are getting common in Hong Kong. However, small family-based business may encounter obstacle for long-term operations under those corporate’s management. Link Real Estate Inv …

本地經濟

【2019/20 Budget】The 2019/20 Budget Summary

【Economic Prospects for 2019 and Medium-term Outlook】 Economic Growth: Forecasts Hong Kong GDP to rise 2 to 3 per cent in real terms in 2019. Inflation: Forecasts 2019 CPI at 2.5 per cent. The medium-term outlook from 2020 to 2023: Forecasts average growth of 3 per cent per annum. Slightly above the …

專題

Register your trademark before it is robbed

Trademark can protect manufacturers and service providers' brand and prevent others from abusing it but not until it is registered. Companies could incur huge losses if their intellectual property ownership was robbed because it is too hard for customers to find out the brand originators. Tracy Mak, …