Tag: hong kong

Retail Asia01/07/2021
hongkong.jpg
3min0
Hong Kong retail sales rose 10.5 percent in May from a year earlier, the fourth consecutive monthly gain, boosted by an easing Covid-19 threat. But the growth lagged pre-pandemic levels as inbound tourism is at a halt and global travel restrictions linger. Sales climbed to HK$29.6 billion (US$3.81 billion), government data showed on Wednesday. That […]

Retail Asia24/06/2021
Hong-Kong-Rents.jpeg
2min0
Hong Kong was dethroned as the costliest city for expatriates, according to a recent survey by Mercer, after holding the top rank for three years in a row. Ashgabat, the capital of Turkmenistan, was ranked as the costliest place for expat living, according to «Mercer’s 2021 Cost of Living City Ranking», unseating Hong Kong from the […]

Retail Asia18/06/2021
California-Pizza-Kitchen.jpg
4min0
California Pizza Kitchen (CPK) – creator of California-style pizza – today announced the grand opening of its new restaurant in Hong Kong in partnership with Chun Fat Enterprise Limited. With over 27 years of serving guests in the Hong Kong market, the new restaurant, located within the Tuen Mun Town Plaza, the largest mall in Hong […]

Retail Asia10/06/2021
Hong-Kong-Finance-1280x765.jpg
2min0
The Hong Kong Monetary Authority is exploring the feasibility of issuing a digital currency for the city, joining central banking efforts worldwide to create electronic money. A paper exploring the feasibility of issuing a retail-focused central bank digital currency (CBDC) will be delivered within 12 months, according to the HKMA at a recent media briefing. […]

Retail Asia07/06/2021
Hsbc-logo-1280x720.jpeg
2min0
The bank’s headquarters in Central will be open to all employees from Monday, as the fourth wave of Covid-19 infections ease in the territory. Staff will be able to return to their desks subject to seating capacity plans in individual departments, citing an internal memo seen by the newspaper. Businesses and functions are encouraged to determine […]

Retail Asia04/06/2021
Hsbc-logo-1280x720.jpeg
1min0
The bank has landed a permanent replacement for Peter Enns, its former co-head of advisory and investment banking and advisory. HSBC is hiring veteran banker Matthew Ginsburg as global co-head of its advisory and investment banking business, based in Hong Kong, according to a report on Friday, citing people familiar with the matter Ginsburg, who was most recently Asia Pacific chairman […]

Retail Asia01/06/2021
hongkong.jpg
2min0
Copenhagen-headquartered Saxo Markets has internally promoted a new chief executive for Hong Kong. Richard Douglas has been named Hong Kong CEO for Saxo Markets, effective immediately, according to a statement, reporting to APAC CEO Adam Reynolds. Douglas was most recently chief operating officer and chief information officer for Greater China and the role will be succeeded by Patrick […]

Retail Asia31/05/2021
hong-kong.jpg
3min0
Top executives of financial firms in Hong Kong will be granted exemptions from quarantine in the city, according to the local regulator, giving the sector a first-mover advantage to reopening. Hong Kong authorities launched new rules, effective as of last week, that will enable alliterative traveling options specifically for senior executives in the financial sector […]

Retail Asia28/05/2021
UBS-Bank-1280x898.jpg
2min0
A board job at the Swiss wealth giant is a lucrative gig, but probably not lead to ultra-high net worth riches. Or at least not rich enough to purchase one of Hong Kong’s priciest manses, as Fred Hu just did. Hu plopped down HK$428 million ($55 million) for a 4,755-square foot home on Tai Tam Road in […]

Retail Asia24/05/2021
Bitcoin-Coin-1280x720.jpg
2min0
The Hong Kong government is seeking to restrict cryptocurrency access to wealthier investors amid an ongoing global crackdown by regulators. Cryptocurrency exchanges operating in Hong Kong will have to licensed by the Securities and Futures Commission (SFC) and limit access to professional investors – defined as individuals with a portfolio of HK$8 million ($1.03 million) […]

Retail Asia17/05/2021
JustKitchen.jpeg
2min0
Ghost kitchens operator JustKitchen will expand into Hong Kong opening its first facility in the territory. Located at North Point in the Eastern District, Hong Kong’s first JustKitchen facility is scheduled to launch in mid-June. A selection of food menus will be initially introduced, including Body Fit, Craftsman’s Soul-Made Ramen, Boba Mania, and BIT Beef […]

Retail Asia14/05/2021
hongkong.jpg
5min0
Doubts about Hong Kong’s ability to retain its status as a global hub have been spotlighted in the past weeks by multiple entities – including the local government – citing various issues ranging from politics to the pandemic. Doubts about staying are increasing for numerous international companies and expatriates residing in Hong Kong, according to […]

Retail Asia11/05/2021
pg-4-hsbc-reuters-1024x768.jpg
2min0
Digital channels dominated HSBC’s retail wealth management business in Asia, making up a dominant majority of sales in the unit. Nearly 80 percent of HSBC’s retail wealth sales were conducted through its digital channels, according to a statement from the bank. The strong adoption is driven by a multi-billion dollar push to expand HSBC’s wealth […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X