Hong Kong’s exports rose by nearly 43 per cent year on year in April, driven by strong global demand for artificial intelligence-related electronics, although the government warned that the Middle East war could cloud the near-term outlook. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports…
Hong Kong’s push into Central Asia aims to strengthen links between mainland China and the region while reinforcing the city’s role as a professional services hub for belt and road countries, although economic gains may take time, analysts have said. They added that Kazakhstan and Uzbekistan, given their strategic positions, were logical destinations for Hong…
Hong Kong recorded a 13 per cent surge in visitors from mainland China during the Lunar New Year holiday, with the influx boosting jewellery sales by 10 per cent during the period despite a sharp rise in gold prices. Industry representatives said on Sunday that festive business had outperformed last year’s, though the recovery remained…
American athleisure brand Alo Yoga has taken over a large waterfront commercial space in Hong Kong after being vacated by a British luxury food retailer, with analysts saying “experience-led” wellness brands are emerging as rare bright spots in an otherwise uneven retail recovery. The local debut of the brand at the 7,000 sq ft, two-storey…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits. GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a listing…
Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city, but its overall impact may have been less severe than past storms, with more people working from home and the stock market trading despite the adverse weather, experts have said. But they warned on Thursday that as…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…