English Financial News

【FOREX】Sliding yuan strikes foreign currency exchange stores

  • 2017-04-24

Foreign currency exchange stores have been suffering since Chinese yuan started to depreciate from 2015. An economic scholar said yuan depreciation indicates that the purchasing power of Chinese tourists decreases which has affected the business of local foreign exchange business. Mainlanders spend …

【E-Commerce】Chinese e-tailers turn to offline market amid slowing growth

  • 2017-03-21

China’s e-commerce companies have been expanding its offline sales networks by major acquisitions in recent years amid slowing growth in online sales. Analysts say, e-commerce companies need to develop their brick-and-mortar business, instead of replacing it, and contend for offline resources in the …

【Start-up】Shadow Express: How Start-up

  • 2017-03-21

With the constantly increasing demand of online shopping, a small express company is targeting a niche market to tap its growth. Shadow Express, a newcomer of the market, is modifying the service of traditional door-to-door express in order to provide a competitive price and specialized service for …

【Local】Hong Kong on its Reindustrialization Way to Diversify Growth

  • 2017-03-21

The economy of Hong Kong, an international financial center, has been dominated by its services sector that accounts for more than 90 percent of the city’s gross domestic product (GDP), while the government is promoting reindustrialization on hopes to diversify its economic development. However, “Ho …

【Local】Postnatal care service in demand while lacks regulation

  • 2017-03-21

The demand of domiciliary postnatal nannies remains high, even the birth rate in Hong Kong has declined since 2011 but there is no regulation to ensure the quality of these services. “Sitting the month”, is a Chinese tradition that postpartum women need to stay indoors for at least 30 days and obser …

【Local】Weekend markets boost local food sales

  • 2017-02-14

Discounted rents at weekend food markets and getting healthier eating habit of Hong Kong people drag up sales of small local handmade food vendors, who mostly operate online as they cannot afford high rents of regular physical shops. Despite of the age, more and more people desire a quality dining m …

【Technology】“Small Is Beauty” for P2P lending platforms

  • 2016-12-15

Although the Hong Kong Securities and Futures Commission (SFC) has tightened regulations on peer-to-peer (P2P) lending platforms, some players still see the potential of a niche market with a small amount of financing to small and medium companies and college students. In May the SFC reviewed and ti …

【China】China’s film market faces challenges amid weak box office sales

  • 2016-12-15

China’s film market suffered a major blow with box office sales falling by 15 percent during the National Day period to 1.59 billion yuan (HK$1.84 billion), the first decline in a decade in the main holidays, according to online movie ticket seller Maoyan. This is a sharp contrast to a boom in 2015 …

【China】Chances for Sino-US trade war seen limited  

  • 2016-12-15

The US president-elect is not in favor of the TPP. Photo from Reuters. Though Donald Trump, the president-elect of the U.S., has vowed to withdraw from the Trans-Pacific Partnership (TPP), the possibility of imposition of his US-centered policies was questionable, said Terence Chong Tai Leung, an as …

【E-Commerce】Online shopping opens window for locally-made food

  • 2016-12-15

Food supplies in Hong Kong have largely relied on the imports from China and foreign countries. However, Hong Kong’s food suppliers, especially new start-ups, are currently benefiting from the growth of online shopping platform. Reciprocally, the online platforms, branding themselves as “local-made …