Hong Kong Business

HSBC unveils $1b ASEAN Growth Fund for digital platform players
The amount will be used to lend to digital companies to boost their operations.
Singapore Airlines and The Club partner for points and miles conversion programme
This will also provide members access to exclusive packages and benefits.
Hong Kong retail sees positive momentum amidst policy relaxation: report
This year reflected a significant uptick compared to the previous year with a $2b weekly run rate.
YOOV's reverse merger reinforces AI market dynamics
^ "https://vimeo.com/927803018"
Stephenson Harwood's Hong Kong corporate team has advised YOOV Group on its proposed reverse merger on NASDAQ.
Hang Seng Bank unveils HK$33b SME Power Up Fund
Products include an SME Financing Guarantee scheme and non-collateralized loans.
CK Asset earnings drop 24% amidst low property development bookings
However, the company still showed a promising outlook, according to S&P Global
Student accommodation crisis looms in Hong Kong amidst housing shortage
Currently, the private student housing market can only accommodate 0.4% of the total enrolled population.
Hotel in Chiang Mai up for sale
The property is available for sale via expression of interest. 
Banks wary of risks in China's housing push
In 2023, property development loans expanded by a mere 1.5%
Slow sales drag retail property market although leasing rates “strong”
Structural change and shifts in visitors are some challenges the market may face.
2 in 5 workers concerned over AI use in admin work: survey
Demand for AI remains high with employers in 2024.
BEA’s Mongkok Branch open 7 days a week until 30 June
It will be open from 1PM to 5PM on weekends during the period.
BEA unveils new credit evaluation process for SMEs in trade sector
It has teamed up with PAOCCRA and will use the Commercial Data Interchange of HKMA.
Auction for 3 floors of Harbourfront Landmark scrapped
Instead, the landlord has opted for a private treaty sale.

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Exclusives

Exclusives

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.
Food & Beverage Meat The Next’s dairy-free milk targets lactose-intolerant in Asia
Brands like The Matcha Tokyo and Pret A Manger in Hong Kong Science Park have adopted the startup’s product.
Financial Services UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
New eco-haven AIRSIDE boasts urban farm, smart bike parking system and more
The commercial property supplies its tenants with harvested produce from its urban farm.
Residential Property Hong Kong investors seek out Thailand properties for higher rental return, capital gains
Buyers from the city account for a third of foreign purchased homes in Thai developer MQDC’s portfolio.
Financial Services Fintech startup streamlines SME credit assessment for banks through AI
With InRiskable, banks can assess SMEs’ credit risks with 80% less time and 97% accuracy.

Top News

HSBC unveils $1b ASEAN Growth Fund for digital platform players
The amount will be used to lend to digital companies to boost their operations.
Singapore Airlines and The Club partner for points and miles conversion programme
This will also provide members access to exclusive packages and benefits.
Hong Kong retail sees positive momentum amidst policy relaxation: report
This year reflected a significant uptick compared to the previous year with a $2b weekly run rate.
YOOV's reverse merger reinforces AI market dynamics
^ "https://vimeo.com/927803018"
Stephenson Harwood's Hong Kong corporate team has advised YOOV Group on its proposed reverse merger on NASDAQ.
Hang Seng Bank unveils HK$33b SME Power Up Fund
Products include an SME Financing Guarantee scheme and non-collateralized loans.
CK Asset earnings drop 24% amidst low property development bookings
However, the company still showed a promising outlook, according to S&P Global
Student accommodation crisis looms in Hong Kong amidst housing shortage
Currently, the private student housing market can only accommodate 0.4% of the total enrolled population.
Hotel in Chiang Mai up for sale
The property is available for sale via expression of interest. 
Banks wary of risks in China's housing push
In 2023, property development loans expanded by a mere 1.5%
Slow sales drag retail property market although leasing rates “strong”
Structural change and shifts in visitors are some challenges the market may face.
2 in 5 workers concerned over AI use in admin work: survey
Demand for AI remains high with employers in 2024.
BEA’s Mongkok Branch open 7 days a week until 30 June
It will be open from 1PM to 5PM on weekends during the period.
BEA unveils new credit evaluation process for SMEs in trade sector
It has teamed up with PAOCCRA and will use the Commercial Data Interchange of HKMA.
Auction for 3 floors of Harbourfront Landmark scrapped
Instead, the landlord has opted for a private treaty sale.

Exclusives

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.
Food & Beverage Meat The Next’s dairy-free milk targets lactose-intolerant in Asia
Brands like The Matcha Tokyo and Pret A Manger in Hong Kong Science Park have adopted the startup’s product.
Financial Services UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
New eco-haven AIRSIDE boasts urban farm, smart bike parking system and more
The commercial property supplies its tenants with harvested produce from its urban farm.
Residential Property Hong Kong investors seek out Thailand properties for higher rental return, capital gains
Buyers from the city account for a third of foreign purchased homes in Thai developer MQDC’s portfolio.
Financial Services Fintech startup streamlines SME credit assessment for banks through AI
With InRiskable, banks can assess SMEs’ credit risks with 80% less time and 97% accuracy.

Join the Hong Kong Business community