Monday, February 17, 2020
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub. While Hong Kong’s retail sales extended their free-fall in December as months of sometimes violent anti-government protests...
Hong Kong economy shrinks for first time in a decade The Hong Kong economy's first recession in a decade deepened in the fourth quarter of 2019, weighed down by anti-government protests and the US-China trade war. Last year was the worst for Hong Kong's growth since 2009, when the financial...
Hong Kong, hurt by US-China trade war, protests, has been replaced by Tokyo as Asia-Pacific’s largest commercial real-estate market in 2019 Hong Kong is no longer the largest commercial real-estate market in Asia-Pacific, having lost its crown to Tokyo in 2019, data and analytics firm Real Capital Analytics said on...
Cathay Pacific reports profit but warns of Hong Kong protests impact Hong Kong's flagship airline Cathay Pacific warned Wednesday that increasingly violent protests in the financial hub had hit booking demand. Announcing interim results that showed the airline in the black after huge losses in the first half of last year,...
Hundreds of people have joined a mass sit-in at Hong Kong International Airport Friday evening in a fresh round of anti-government protests designed to secure international backing for the movement. Organisers were expecting thousands to show up, and hoped police would respect what they said would be a peaceful...
More than one in 10 retailers in Hong Kong could close down in the next six months as social unrest and sometimes violent protests deter tourists, threatening the survival of smaller operators, the city's main retailing group said. About 7,000 licensed retail establishments out of 64,000 in the Asian...
Private sector business activity in Hong Kong plunged to its lowest level since the financial crisis, a private survey showed on Monday, as the city’s economy grapples with weeks of political unrest and the US-China trade war. The latest IHS Markit Hong Kong purchasing managers’ index survey, which measures private...
Alibaba unveils Hong Kong secondary listing plan, in vote of confidence Alibaba Group Holding, the record holder of the largest global initial public offering, has unveiled a secondary listing plan in Hong Kong, in a vote of confidence for the local financial market as the worst political crisis in the...
The Hong Kong Science and Technology Parks Corp is on track to achieve its goal of attracting the first batch of research institutes to the city in health care, artificial intelligence and robotics, as part of a broader push by the city to build itself into a hub for innovation...
China's central government warned Hong Kong protesters today that they should not underestimate "the immense strength of the central government". At a media briefing in Beijing, Yang Guang, spokesman for the Hong Kong and Macao Affairs Office of the State Council, also said "those who play with fire will perish...
2019 was a particularly rough year for the global economy. Hong Kong especially was hit relatively hard thanks to ongoing protests which has affected both local and foreign business in the city-state. As such, Hong Kong’s government has recently revealed their intention to “boldly” shore up the finance hub’s...
Major tourist, shopping and residential areas of Hong Kong resembled ghost towns on Tuesday, with nearly all stores and restaurants shutting for citywide anti-government protests on National Day. Retail was brought to a virtual standstill in the global commercial hub as more than 25 shopping centres lowered their shutters fearing...

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