English Financial News

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 …

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 …

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 …

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 …

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’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 …

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 …