Hong Kong Business

Walter Liu appointed as new American Express’ head of Asia Region
He will manage American Express teams across Hong Kong, Taiwan, Singapore, and Thailand.
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged.
Buildings Department approves 23 construction plans last January
The department also issued 17 occupational permits.
Three-quarters of employees want to move within GBA for career prospects: KPMG
Better industry prospects is the top motivator for those who want to relocate.
HK loses crown as top financial centre in APAC
It lost to Singapore by one point.
Which sectors received highest pay increments in 2022?
Financial services had the highest increments.
Bank of China HK’s prime, savings deposit rate unchanged
Those with a daily account balance of HK$1m or above will get a bonus 0.001% bonus rate.
HKMA raises its base rate to 5.25%
The new rate took effect on 23 March.
Hong Kong government issues first tokenised green bond
HKMA issued HKD tokens, which were exchanged for fiat money provided by banks.
Revised Code of Practice seeks to combat ‘job-hopping’ amongst FDHs
The revisions required agencies to tell that changing employers will not be approved.
HK banking system 'resilient’ amidst the Credit Suisse fallout
HKMA and SFC are closely monitoring the situation.
Gov’t unveil toll plans for three harbour crossings
One of its plans is to implement a fixed toll at Western Harbour Crossing.
ESR’s PATMI rises 9% YoY to US$655m in FY22
PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.
Amended listing rules to compel Chinese tech firms to list on HKEX: report
This amidst the global political conflict between the US and China.

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Exclusives

Exclusives

The ChatGPT effect? Investors bet big on deep tech startups 
An expert from Velocity Ventures believes new startups will build their business models on the chatbot.
Hong Kong's Hottest Startups of 2023
Startups with "disruptive applications in the Web 3.0 space" dominate.
Experts rally for change in legal industry’s ‘billable system’ 
A report from UC Hastings College of the Law stated that  "a most-hours-wins system disproportionately disadvantages women partners.”
DBS’ Lareina Wang on why role models matter to women in banking
Only 20% of bankers in C-Suite and senior leadership roles in Hong Kong are women.
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.

Top News

Walter Liu appointed as new American Express’ head of Asia Region
He will manage American Express teams across Hong Kong, Taiwan, Singapore, and Thailand.
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged.
Buildings Department approves 23 construction plans last January
The department also issued 17 occupational permits.
Three-quarters of employees want to move within GBA for career prospects: KPMG
Better industry prospects is the top motivator for those who want to relocate.
HK loses crown as top financial centre in APAC
It lost to Singapore by one point.
Which sectors received highest pay increments in 2022?
Financial services had the highest increments.
Bank of China HK’s prime, savings deposit rate unchanged
Those with a daily account balance of HK$1m or above will get a bonus 0.001% bonus rate.
HKMA raises its base rate to 5.25%
The new rate took effect on 23 March.
Hong Kong government issues first tokenised green bond
HKMA issued HKD tokens, which were exchanged for fiat money provided by banks.
Revised Code of Practice seeks to combat ‘job-hopping’ amongst FDHs
The revisions required agencies to tell that changing employers will not be approved.
HK banking system 'resilient’ amidst the Credit Suisse fallout
HKMA and SFC are closely monitoring the situation.
Gov’t unveil toll plans for three harbour crossings
One of its plans is to implement a fixed toll at Western Harbour Crossing.
ESR’s PATMI rises 9% YoY to US$655m in FY22
PATMI would have surged 24% YoY if not for the weakness of APAC currencies vs USD.
Amended listing rules to compel Chinese tech firms to list on HKEX: report
This amidst the global political conflict between the US and China.

Exclusives

The ChatGPT effect? Investors bet big on deep tech startups 
An expert from Velocity Ventures believes new startups will build their business models on the chatbot.
Hong Kong's Hottest Startups of 2023
Startups with "disruptive applications in the Web 3.0 space" dominate.
Experts rally for change in legal industry’s ‘billable system’ 
A report from UC Hastings College of the Law stated that  "a most-hours-wins system disproportionately disadvantages women partners.”
DBS’ Lareina Wang on why role models matter to women in banking
Only 20% of bankers in C-Suite and senior leadership roles in Hong Kong are women.
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.

Join the Hong Kong Business community