Hong Kong Business

Evergrande Group postpones offshore debt restructuring
As a result, it also called off the meeting linked to the proposed restructuring.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
Hong Kong expects 6.5 million travellers next week
The city will celebrate its Mid-Autumn Festival and National Day.
Kai Chiu Road, Haiphong Road emerge as retailers most favoured shopping streets
Retail rents in Haiphong Road are now only 40% lower than pre-pandemic levels.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets. 
OCBC joins HKEX’s OTC Clear
OTC Clear offers clearing services for USD/HKD and USD/CNH cross-currency swaps.
HKMA retains base rate at 5.75%
The move was in response to the Fed holding its interest rates steady.
Exceptional companies recognised at HKB National and International Business Awards, Technology Excellence Awards 2023
Hong Kong's business and technology champions were recognised at the awards presentation day on 21 September 2023.
Only primary care directory doctors allowed in government-funded programmes
These programmes include Elderly Health Care Voucher Schemes (EHVS).
Inflation up 1.8% YoY in August; Price hike seen in multiple categories
Without the effects of one-off relief measures, the inflation rate was lower.
BOCHK Hong Kong dollar interest rates stay the same
Savings accounts with a daily account balance over HK$1m will enjoy a bonus rate.

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Exclusives

Exclusives

Commercial Property Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
Commercial Property ESG compliant workspaces fuel talent attraction
A Colliers expert tells occupiers to put ESG at the forefront when assessing location strategies.
Media & Marketing Entertainment and media veterans need not fear generative AI – expert
Media expert says AI technology will even benefit senior practitioners in E&M industry.
Residential Property More hotels pivot to co-living for better margins, stable cash flow
From 2020 to 1Q23, around 6 to 7 hotels have been acquired for conversion to co-living spaces.
Markets & Investing 4 key factors for HK firms to succeed in SE Asia
SG, Thailand, Vietnam, and Malaysia top local firms’ preferred destinations for expansion.
Retail 3 key elements that fuel branded mobile app effectiveness
By introducing a shopping credit in its mobile app, a retailer saw a 500% growth in sales.

Top News

Evergrande Group postpones offshore debt restructuring
As a result, it also called off the meeting linked to the proposed restructuring.
Gov’t launches online tool for transitional housing applications
Applicants can select their preferred projects on the platform.
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
Hong Kong expects 6.5 million travellers next week
The city will celebrate its Mid-Autumn Festival and National Day.
Kai Chiu Road, Haiphong Road emerge as retailers most favoured shopping streets
Retail rents in Haiphong Road are now only 40% lower than pre-pandemic levels.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets. 
OCBC joins HKEX’s OTC Clear
OTC Clear offers clearing services for USD/HKD and USD/CNH cross-currency swaps.
HKMA retains base rate at 5.75%
The move was in response to the Fed holding its interest rates steady.
Exceptional companies recognised at HKB National and International Business Awards, Technology Excellence Awards 2023
Hong Kong's business and technology champions were recognised at the awards presentation day on 21 September 2023.
Only primary care directory doctors allowed in government-funded programmes
These programmes include Elderly Health Care Voucher Schemes (EHVS).
Inflation up 1.8% YoY in August; Price hike seen in multiple categories
Without the effects of one-off relief measures, the inflation rate was lower.
BOCHK Hong Kong dollar interest rates stay the same
Savings accounts with a daily account balance over HK$1m will enjoy a bonus rate.

Exclusives

Commercial Property Property market slump boosts occupiers’ and home buyers’ bargaining power
Real estate agents said tenants ask for up to 30% discount when renewing office leases.
Commercial Property ESG compliant workspaces fuel talent attraction
A Colliers expert tells occupiers to put ESG at the forefront when assessing location strategies.
Media & Marketing Entertainment and media veterans need not fear generative AI – expert
Media expert says AI technology will even benefit senior practitioners in E&M industry.
Residential Property More hotels pivot to co-living for better margins, stable cash flow
From 2020 to 1Q23, around 6 to 7 hotels have been acquired for conversion to co-living spaces.
Markets & Investing 4 key factors for HK firms to succeed in SE Asia
SG, Thailand, Vietnam, and Malaysia top local firms’ preferred destinations for expansion.
Retail 3 key elements that fuel branded mobile app effectiveness
By introducing a shopping credit in its mobile app, a retailer saw a 500% growth in sales.

Join the Hong Kong Business community