Hong Kong
Canon HK names Gary Lee as new CEO
He joined the company in 1997.
Colliers is sole agency role to sell Jupiter Tower in North Point
It is a 27-storey commercial building with a total floor area of approximately 71,938 sq. ft.
Bupa Hong Kong, Mannings team up to launch PharmaCare Programme
All dispensed medications are covered by cashless services for eligible members.
Luckin Coffee opens five stores in Hong Kong in a day
The new stores are located in Hong Kong Island, Kowloon, and New Territories.
Retail sales drop by 7.3% YoY in November 2024
Online sales accounted for 9.3% of the total, a 7% year-on-year decrease.
Mortgage loan approvals up 27.7% in November
Mortgage loans for primary market transactions also rose 46.2% to $7.9b.
HK sees 10% growth in startups in 2024
Growth has been especially strong in the health and medical fields.
Property sales down 28.3% in December
Still, sales were up 46.4% year-on-year.
HKVAX, Victory Securities ink MoU to advance virtual assets services
It also aims to reinforce Hong Kong's competitiveness in the global industry.
It’s the most wonderful time of the year!
We’re taking the time off and will be back on 6 January 2025.
Emperor Capital Group's net profit rebounds to $66.4m in 2024
Basic earnings per share stood at $0.98.
Transport Department adds AlipayHK to fare subsidy scheme
Single journey fares paid with AlipayHK will be recorded in the AlipayHK account.
Crypto adoption in Hong Kong lags at 24% despite rising optimism
Trust remains a challenge with 33% of non-users citing security concerns.
Only 48% of Hong Kong consumers eye spending more on luxury next year
Over 10% of consumers are cutting back on categories like handbags (9%) and travel experiences (4%).
Specific licensing regime needed for fiat-referenced stablecoins
Hong Kong is still a leader in tokenised asset markets with the government’s multi-currency digital green bond issuance.
Adoption of employee share plans rise over 10% amongst HKEX listing companies
In 2023, 68.5% of companies adopted employee share plans before their IPO, compared to 57.3% in 2013
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