Economists say city’s already struggling retail and restaurant sectors could suffer with easier expat entry to mainland China, but are divided over strength of impact.
Home transactions plummeted more than 30 per cent in June after a 35 per cent drop in May, according to official figures. And the lacklustre sales are weighing on prices in both the primary and secondary markets, JLL says.
Macallan, Geodis, Biren Technology and Uisee are among the 322 companies that set up or enhanced their businesses in Hong Kong in the first half, a 43 per cent year on year jump, InvestHK says.
The summit marks The Hong Kong Academy for Wealth Legacy’s latest effort to promote the city as a hub for wealthy families to pursue investments, establish succession planning and support various charities.