Hong Kong Business

HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Govt to launch eMPF platform in June
The platform will reduce admin costs.
Gov’t to cut taxes on salaries and profit for FY23-24
In FY2023-24, the government sent out 2.44 million tax returns.
Construction sector stagnates due to rising costs and competition
Private and non-private residential construction works also fell in 1Q24.
SFC probes Segantii for insider trading charges
The SFC pressed charges against the firm, its founder, and former trader.
Prudential sees 11% YoY rise in Q1'24 new business profit
APE sales increased by 7% YoY to $1.6b.
Hong Kong Life promotes wealth transfer with new plan
It includes features like flexible death settlement options.
Health department greenlights Nefecon for adult IgAN Patients
Hong Kong is the fourth jurisdiction that approved the use of Nefecon.
Hong Kong updates financial account information exchange list
It removed nine jurisdictions and welcomed 11.
CLP Power launches $58m coupons programme to boost consumer spending
This will benefit around 580,000 households.
Mortgage loans in negative equity surge to 32,073 in Q1
The total value of residential mortgage loans rose to $165.3b.
Evergrande stalls 2023 annual results release
The company also warned of possible delays in the 2023 report distribution.
Statutory minimum wage to undergo annual review
The government will review the minimum age through two indicators.

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Exclusives

Exclusives

Food & Beverage Why avocados are now a permanent part of Shake Shack Hong Kong's menu
The brand said limited-time-only (LTO) delights and new menu launches help keep consumer attention.
Markets & Investing Hong Kong’s Hottest Startups of 2024
Fintech and AI startups dominated the list.
Markets & Investing Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
Markets & Investing Days of excess are over, investors warn founders
Deal activity in Asia Pacific fell 26.3% YoY in 2023.
Markets & Investing Foodtech, fintech emerge as bright spots in Hong Kong’s startup landscape
The city is home to over 600 fintech startups and more than 100 food tech firms.
HR & Education MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.
Hotels & Tourism Trip.com unifies all units in new Hong Kong office
Embracing tourism at its core, the new office displays a panoramic view of the Victoria Harbour.

Top News

HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Govt to launch eMPF platform in June
The platform will reduce admin costs.
Gov’t to cut taxes on salaries and profit for FY23-24
In FY2023-24, the government sent out 2.44 million tax returns.
Construction sector stagnates due to rising costs and competition
Private and non-private residential construction works also fell in 1Q24.
SFC probes Segantii for insider trading charges
The SFC pressed charges against the firm, its founder, and former trader.
Prudential sees 11% YoY rise in Q1'24 new business profit
APE sales increased by 7% YoY to $1.6b.
Hong Kong Life promotes wealth transfer with new plan
It includes features like flexible death settlement options.
Health department greenlights Nefecon for adult IgAN Patients
Hong Kong is the fourth jurisdiction that approved the use of Nefecon.
Hong Kong updates financial account information exchange list
It removed nine jurisdictions and welcomed 11.
CLP Power launches $58m coupons programme to boost consumer spending
This will benefit around 580,000 households.
Mortgage loans in negative equity surge to 32,073 in Q1
The total value of residential mortgage loans rose to $165.3b.
Evergrande stalls 2023 annual results release
The company also warned of possible delays in the 2023 report distribution.
Statutory minimum wage to undergo annual review
The government will review the minimum age through two indicators.

Exclusives

Food & Beverage Why avocados are now a permanent part of Shake Shack Hong Kong's menu
The brand said limited-time-only (LTO) delights and new menu launches help keep consumer attention.
Markets & Investing Hong Kong’s Hottest Startups of 2024
Fintech and AI startups dominated the list.
Markets & Investing Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
Markets & Investing Days of excess are over, investors warn founders
Deal activity in Asia Pacific fell 26.3% YoY in 2023.
Markets & Investing Foodtech, fintech emerge as bright spots in Hong Kong’s startup landscape
The city is home to over 600 fintech startups and more than 100 food tech firms.
HR & Education MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.
Hotels & Tourism Trip.com unifies all units in new Hong Kong office
Embracing tourism at its core, the new office displays a panoramic view of the Victoria Harbour.

Join the Hong Kong Business community