Hong Kong Business

9 in 10 restaurants rely on delivery platforms for revenue during key events
87% expect delivery services to remain important to their business.
Airport Authority to expand gold depository as HK aims to be a global hub
It will increase its depository's capacity to 200 tonnes.
Cathay Pacific unveils new 777-300ER business class suite and upgraded economy cabins
These initiatives are part of the airline’s $100b investment.
Gov’t awards second operation and management contract for two LPH projects
The projects will collectively provide a total of 2,438 LPH units.
Shipping Legislation and Rating bills set for second reading
The LegCo is also preparing to read the Hotel Tax Ordinance amendment.
Jobless rate holds steady at 3% 
The number of jobless individuals however dropped by 1,700.
ZJLD applauds liquor tax cuts, bright prospects for premium Baijiu trade
The company noted that this can boost both the liquor industry and local economy. 
Lee says new subdivided units policy balances demand and market health
He also noted that the new system does not intend to make what is illegal legal.
Landlords turn to semi-retail tenants as office vacancy pressure mounts
They have also been offering attractive leasing packages to secure tenants.
Investment volume for 2024 to likely match $40b in 2023: CBRE
Local buyers like family offices and high-net-worth individuals are the key purchasers. 
Cathay welcomes three-runway system, Airport City expansion
The airline also supports efforts to strengthen air connectivity with Mainland China.
Gov't forms task group to set up new medical school
It will handle tasks like funding arrangements and programme accreditation.
HK industrial leasing demand remains sluggish
Third-party logistics firms and the automotive sector are leading leasing activity.

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Exclusives

Exclusives

Retail K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.
Residential Property Rich Hong Kong families sell mansions at a loss to repay debt
A stuttering economy has driven some to offload their assets for as low as half the price.
Hong Kong hospitals, banks embrace relaxed data transfer rules
Whilst not mandatory, they could simplify data exchange with cities in South China.
Commercial Property Ashurst’s Hong Kong office balances privacy and teamwork
The workplace features spaces for socials and quiet work to boost productivity.
Hong Kong builders pivot overseas amidst housing slump
Some are closing deals in Saudi Arabia, while others are turning to nearby Macau.
College homes, industrial sites a bright spot in Hong Kong property slump
Converted hotels and industrial estates offer investors a lifeline.
Markets Hong Kong's independent director caps face opposition
About 1,500 lingering and 23 overboarding INEDS in 810 and 181 firms are in the spotlight.

Top News

9 in 10 restaurants rely on delivery platforms for revenue during key events
87% expect delivery services to remain important to their business.
Airport Authority to expand gold depository as HK aims to be a global hub
It will increase its depository's capacity to 200 tonnes.
Cathay Pacific unveils new 777-300ER business class suite and upgraded economy cabins
These initiatives are part of the airline’s $100b investment.
Gov’t awards second operation and management contract for two LPH projects
The projects will collectively provide a total of 2,438 LPH units.
Shipping Legislation and Rating bills set for second reading
The LegCo is also preparing to read the Hotel Tax Ordinance amendment.
Jobless rate holds steady at 3% 
The number of jobless individuals however dropped by 1,700.
ZJLD applauds liquor tax cuts, bright prospects for premium Baijiu trade
The company noted that this can boost both the liquor industry and local economy. 
Lee says new subdivided units policy balances demand and market health
He also noted that the new system does not intend to make what is illegal legal.
Landlords turn to semi-retail tenants as office vacancy pressure mounts
They have also been offering attractive leasing packages to secure tenants.
Investment volume for 2024 to likely match $40b in 2023: CBRE
Local buyers like family offices and high-net-worth individuals are the key purchasers. 
Cathay welcomes three-runway system, Airport City expansion
The airline also supports efforts to strengthen air connectivity with Mainland China.
Gov't forms task group to set up new medical school
It will handle tasks like funding arrangements and programme accreditation.
HK industrial leasing demand remains sluggish
Third-party logistics firms and the automotive sector are leading leasing activity.

Exclusives

Retail K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.
Residential Property Rich Hong Kong families sell mansions at a loss to repay debt
A stuttering economy has driven some to offload their assets for as low as half the price.
Hong Kong hospitals, banks embrace relaxed data transfer rules
Whilst not mandatory, they could simplify data exchange with cities in South China.
Commercial Property Ashurst’s Hong Kong office balances privacy and teamwork
The workplace features spaces for socials and quiet work to boost productivity.
Hong Kong builders pivot overseas amidst housing slump
Some are closing deals in Saudi Arabia, while others are turning to nearby Macau.
College homes, industrial sites a bright spot in Hong Kong property slump
Converted hotels and industrial estates offer investors a lifeline.
Markets Hong Kong's independent director caps face opposition
About 1,500 lingering and 23 overboarding INEDS in 810 and 181 firms are in the spotlight.

Join the Hong Kong Business community