Hong Kong Business

‘Sluggish’ economy drags residential market: report
The overall stamp duty revenue dropped 41.9%YoY in 2022. 
HK fosters cooperation with Saudi Arabia
CE Lee discussed possible collaboration on I&T development.
Foreign currency reserves hit US$436.9b in January
It expanded from the US$436.9b record in December.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years. 
HK-Mainland travel fully resumes
Given the resumption, the quota for cross-boundary travellers has been scrapped.
Retail sales value increases 1.1% YoY in December
The total value stood at $33.7b.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
GSS Energy, MECOM partner for EV business dev’t in Southeast Asia
They will focus on Singapore, Thailand, Indonesia, and Malaysia.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
HK is 7th most crypto-ready market in the world
The city is home to 251 crypto-based companies.

Join the Hong Kong Business community

Exclusives

Exclusives

DBS Hong Kong offers two-in-one instant loan and credit card combo 
Users just need to scan their HKID to get both cash and a digital card in a single application.
Markets & Investing 8 investment ideas to achieve affluence in the year of prosperity
Financial experts said active portfolio management is crucial amidst economic uncertainties.
Mainland firms' influx brings new opportunities for local lawyers
GBA development allows qualified lawyers to practise domestic law within the area.
Hong Kong’s 10 most influential lawyers under 40 for 2022
Amongst the awardees is a lawyer offering legal assistance in Justice Without Borders.
HR & Education Firms revamp benefits to retain older workers as youth opt for opportunities abroad
A Randstad expert said employers should consider giving their employees financial literacy benefits.
Financial Technology BNPL regulations toughen debt prevention and financial literacy in APAC
The Philippines, Vietnam, and Indonesia are more vulnerable to the risks of credit products, Euromonitor International reported.
Markets & Investing Specialist tech firms to gain major boost in Hong Kong thanks to proposed listing rules
The new regime exempts firms from existing financial eligibility tests under the Listing Rules.

Top News

‘Sluggish’ economy drags residential market: report
The overall stamp duty revenue dropped 41.9%YoY in 2022. 
HK fosters cooperation with Saudi Arabia
CE Lee discussed possible collaboration on I&T development.
Foreign currency reserves hit US$436.9b in January
It expanded from the US$436.9b record in December.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years. 
HK-Mainland travel fully resumes
Given the resumption, the quota for cross-boundary travellers has been scrapped.
Retail sales value increases 1.1% YoY in December
The total value stood at $33.7b.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
GSS Energy, MECOM partner for EV business dev’t in Southeast Asia
They will focus on Singapore, Thailand, Indonesia, and Malaysia.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
HK is 7th most crypto-ready market in the world
The city is home to 251 crypto-based companies.

Exclusives

DBS Hong Kong offers two-in-one instant loan and credit card combo 
Users just need to scan their HKID to get both cash and a digital card in a single application.
Markets & Investing 8 investment ideas to achieve affluence in the year of prosperity
Financial experts said active portfolio management is crucial amidst economic uncertainties.
Mainland firms' influx brings new opportunities for local lawyers
GBA development allows qualified lawyers to practise domestic law within the area.
Hong Kong’s 10 most influential lawyers under 40 for 2022
Amongst the awardees is a lawyer offering legal assistance in Justice Without Borders.
HR & Education Firms revamp benefits to retain older workers as youth opt for opportunities abroad
A Randstad expert said employers should consider giving their employees financial literacy benefits.
Financial Technology BNPL regulations toughen debt prevention and financial literacy in APAC
The Philippines, Vietnam, and Indonesia are more vulnerable to the risks of credit products, Euromonitor International reported.
Markets & Investing Specialist tech firms to gain major boost in Hong Kong thanks to proposed listing rules
The new regime exempts firms from existing financial eligibility tests under the Listing Rules.

Join the Hong Kong Business community