Tag: hong kong

Retail Asia13/11/2023
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1min0
Switzerland’s largest bank is following in the tracks of HSBC by allowing wealthy clients to trade crypto exchange-traded funds in the city. A selection of three crypto-ETFs related to Bitcoin and Ethereum were available on a UBS trading platform for wealthy clients as of Friday. The funds had been approved by the Securities & Futures […]

Retail Asia02/11/2023
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3min0
Continued revival of inbound tourism and private consumption helped Hong Kong’s retail sales notch a 10th consecutive month of growth in September, though it was slower than in previous months, official data showed on Wednesday. Sales increased 13 percent year-on-year to $4.06 billion in September, the city government said, but the growth was the slowest […]

Retail Asia17/10/2023
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1min0
Switzerland’s UBS has reportedly offloaded more investment bankers in Hong Kong amid a slowdown in China. UBS has cut about 7 percent of its global banking unit in Asia, according to a report citing unnamed sources, mainly related to China-focused roles based in Hong Kong. This has affected about two dozen investment bankers, including several managing […]

Retail Asia15/09/2023
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3min0
Coffee brand Blue Bottle Coffee has launched a new pop-up café at Hong Kong International Airport (HKIA) to connect travellers with unique coffee-to-go experience amidst their travels. This comes as the brand saw Hong Kong International Airport as a bustling hub for travellers from around the world. By setting up the kiosk at the airport, […]

Retail Asia25/08/2023
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2min0
Cargo volumes at Hong Kong International Airport continued on its path to recovery in July as the airport recorded a year-on-year increase of 3.8 percent over the same month last year at 361,000 tonnes.  Month-on-month, this represents an uptick of 1.7 percent over June as flight movements reached 24,030, up 7.4 percent over the previous […]

Retail Asia24/08/2023
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12min0
Big C Supercenter, the Thai supermarket chain owned by one of the richest families in the Southeast Asian nation, will enter Hong Kong next month and also seek a dual listing in the city and Thailand as early as the fourth quarter, according to a top executive. The Bangkok-headquartered retailer has acquired grocery chain AbouThai, which operates 24 […]

Retail Asia28/02/2023
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9min0
Hong Kong and Shenzhen plan to strengthen economic cooperation, as cities in the Greater Bay Area accelerate partnerships to rejuvenate growth following China’s easing of Covid-19 restrictions. A delegation from Shenzhen’s Futian district signed 25 agreements with the Hong Kong government on Friday to enhance cooperation in a number of fields, including technology, business and commerce. “Hong Kong is […]

Retail Asia03/01/2023
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2min0
Sabah tourism got off a great start this year with the resumption of AirAsia’s flights between Hong Kong and here. After nearly three years of suspension due to the Covid-19 pandemic, a direct flight from China’s special administrative region touched down at the Kota Kinabalu International Airport yesterday. The 138 passengers onboard were given a […]

Retail Asia05/12/2022
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3min0
Carousell, a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, to reduce costs amid a challenging market condition for the tech industry.  The announcement came from the company’s blog on Thursday, posted by co-founder and CEO of Carousell Siu Rui Quek, saying, “I […]

Retail Asia28/11/2022
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6min0
US-China decoupling, weak growth, and shrinking reserves have led to fresh doubts about the sustainability of the Hong Kong dollar peg. Will the city’s linked exchange rate system survive this round of doubters? Last week, Pershing Square Capital Management founder Bill Ackman announced that he was betting against the Hong Kong dollar and its US dollar peg, citing […]

Retail Asia11/10/2022
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1min0
It’s a breath of fresh air – almost literally, just in time for our end-of-year travels. While Japan has just announced that visa-free entry will soon open for individual travellers, Hong Kong will end its once-mandatory hotel quarantine from September 26 (next Monday) onwards. Now, instead of having to spend three days in a self-paid hotel, […]

Retail Asia11/10/2022
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2min0
Switzerland’s largest bank will lease 250,000 square feet of new office space in Hong Kong outside the traditional central business district. Swiss banking giant UBS will lease 250,000 square feet of new office space in Hong Kong, according to a statement by Sun Hung Kai, the developer of the property. According to them, UBS, as the first anchor […]

Retail Asia03/10/2022
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2min0
Hong Kong retail sales growth stalled in August, down 0.1 percent yearly, following a revised estimated increase of 4.1 percent in July. According to the Census and Statistics Department, August’s figures were impacted by a high base compared to a year ago, but for the first eight months of the calendar year, sales are down […]


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