Hong Kong Business

Hong Kong retail eyes 5% growth in 2024
^ "https://vimeo.com/924535321"
Recovery hinges on global economic stability and government policies.
Hong Kong houses over 2,700 SFOs: report
Over 500 of these SFOs fall under the US$10m-US$30m wealth level.
BOCHK warns of fake websites
The websites reportedly intend to steal customers’ data.
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
Average usage levels per ATM is expected to rise as the number of ATMs decreases.
Exports volume climbs 28.6% YoY in January
Imports also rose by double digits.
Office space at Southmark Tower A in Wong Chu Hang up for sale
The property has a total floor area of 11,438 sq. ft.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Visitor arrivals hit 4 million in February
About 80% of Hong Kong's visitors travelled from the Mainland.
CBRE leads Hong Kong’s commercial real estate sector in 2023
CBRE was also the global lead for the 13th consecutive time last year.
JLL sets opening bid prices for 3 commercial floors at Harbourfront Landmark 
Bidding starts at $163m and $487m for the 3/F and 5/F & 6/F, respectively.
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day.
Gross national income climbs 8.8% YoY to $3.3t in 2023
In real terms, GNI increased by 4.9% YoY.
Manufacturing industrial productions up 3.7% in 2023
Sewerage, waste management, and remediation activities also saw growth in 2023.
Hong Kong deal activity falls 28.3% YoY in the first 2 months of 2024
In the whole of APAC, deal volume declined by 19.6% YoY.
Historic Jessville Manor sells for $207m
The Grade III residence has a GFA of 12,288 sq ft.

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Exclusives

Exclusives

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.
Shipping & Marine Hong Kong eyes late 2024 to early 2025 for LNG bunkering
Transport Minister Lam Sai-hung noted, however, that supply remains a challenge.

Top News

Hong Kong retail eyes 5% growth in 2024
^ "https://vimeo.com/924535321"
Recovery hinges on global economic stability and government policies.
Hong Kong houses over 2,700 SFOs: report
Over 500 of these SFOs fall under the US$10m-US$30m wealth level.
BOCHK warns of fake websites
The websites reportedly intend to steal customers’ data.
Hong Kong reports 8,600 average withdrawals per ATM in a month: study
Average usage levels per ATM is expected to rise as the number of ATMs decreases.
Exports volume climbs 28.6% YoY in January
Imports also rose by double digits.
Office space at Southmark Tower A in Wong Chu Hang up for sale
The property has a total floor area of 11,438 sq. ft.
Hong Kong’s PA&H insurance sector to reach $28.5b in 2028
This growth was driven by the increased health awareness brought by the pandemic.
Visitor arrivals hit 4 million in February
About 80% of Hong Kong's visitors travelled from the Mainland.
CBRE leads Hong Kong’s commercial real estate sector in 2023
CBRE was also the global lead for the 13th consecutive time last year.
JLL sets opening bid prices for 3 commercial floors at Harbourfront Landmark 
Bidding starts at $163m and $487m for the 3/F and 5/F & 6/F, respectively.
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day.
Gross national income climbs 8.8% YoY to $3.3t in 2023
In real terms, GNI increased by 4.9% YoY.
Manufacturing industrial productions up 3.7% in 2023
Sewerage, waste management, and remediation activities also saw growth in 2023.
Hong Kong deal activity falls 28.3% YoY in the first 2 months of 2024
In the whole of APAC, deal volume declined by 19.6% YoY.
Historic Jessville Manor sells for $207m
The Grade III residence has a GFA of 12,288 sq ft.

Exclusives

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.
Shipping & Marine Hong Kong eyes late 2024 to early 2025 for LNG bunkering
Transport Minister Lam Sai-hung noted, however, that supply remains a challenge.

Join the Hong Kong Business community