Hong Kong
Why did Hong Kong retail sales fall after a strong rebound?
Why did Hong Kong retail sales fall after a strong rebound?
Retail sales initially surged following Hong Kong’s border reopening in January 2023.
Insurers warn of risks amidst EV and autonomous vehicle growth
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
9 in 10 CEOs embrace hybrid working: survey
Almost 8 in 10 noted improved employee engagement thanks to hybrid working.
FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Value offerings essential for Hong Kong's mega-event success
Experts suggest partnering with event providers to create package tours.
Personal care spending in Hong Kong to reach $48.2b in 2024
By 2028, it is projected to reach $58.6b.
Ways retailers can start waste reduction efforts amidst charging scheme delay
Experts recommend adopting mono-material packaging and encouraging naked shopping.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
Hong Kong retail sales drop 14.7% in April
The sharp decline was mainly attributed to the timing of the Easter holidays.
HK insurers’ Q1 premiums mounts $22b in premiums
On a year-on-year basis, it climbed 12.2%.
Hong Kong general insurance GWP to reach $10.9b by 2028
Rising consumer prices can affect the industry’s profitability in the short-term.
Hong Kong SME’s funding gap at $21.7b
About 1 in 3 small businesses who need money choose not to get a loan.
Hong Kong investment bankers risk losing jobs as banks cut costs: report
About 200 bankers in the city have reportedly lost their jobs in the past year.
Alternative payments dominate Hong Kong's e-commerce in 2023
Over 85% of consumers in Hong Kong shopped online in the past six months.
Fintech startup streamlines SME credit assessment for banks through AI
With InRiskable, banks can assess SMEs’ credit risks with 80% less time and 97% accuracy.
HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.
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ASEAN businesses should not underestimate opportunities 'Down Under'