Hong Kong
HK and Macau conduct drill for cross-boundary ambulances scheme
HK and Macau conduct drill for cross-boundary ambulances scheme
The pilot scheme's next phase will be considered upon operational experience.
HSBC wins Hong Kong Business Technology Excellence Award for pioneering AI and data innovation
The company’s advancements have significantly enhanced data accessibility, operational efficiency, and customer service whilst ensuring robust compliance and cost savings.
HK ranks 4th amongst leading global sources of cross-border capital
Top three asset classes include the industrial, multifamily offices, and office sectors.
Hong Kongers sceptical of tech progress despite recognising future potential
About half of citizens said technological progress harms people's lives.
Interest rate cut in retail set to boost disposable income
The single-digit vacancy rate in high-street shop rents grew by 1% QoQ in Q3 2024.
HK Express launches direct flights to Hualien starting 12 December
It is the airline’s fourth destination in China.
Grade A offices rent fell 16% QoQ in Q3
Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.
HK suspends poultry imports from Hungary, US due to H5N1 outbreak
This comes after a notification from respective organisations about the cases.
Gov't calls on businesses to use plastic alternatives as deadline nears
The regulation has driven a trend of waste reduction across sectors.
HK launches $3b Artificial Intelligence Subsidy Scheme
Eligible users may be subsidised up to 70% of the service list price.
DBS Hong Kong names Kuok Khoon Hua as independent non-exec director
The appointment is effective 7 October 2024.
Industrial leasing market weakens in Q3
Warehouse vacancy rates rose to 8.4%.
Mei Tin Road site in Tai Wai up for sale via tender
The site was later added to the land sale programme due to positive market responses.
Gov’t issues three pre-sale consents for residential developments in Q3
The developments will provide 213 residential units.
HKMC profit falls to $9m in 1H 2023
It is due to a decrease in property prices affecting the reverse mortgage business.
HKVAX obtains SFC Type 1, 7, and AMLO licences
These licences authorise HKVAX to operate as a regulated virtual asset trading platform in Hong Kong.
Hong Kong boosts fintech growth
He held discussions with representatives from the financial regulators, fintech sector, academia, and research institutions.
Commentary
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