Hong Kong

Gov't introduces 5% concessionary tax for IP development

The initiative aims to stimulate the commercialisation of IP.

CashOn to explore digital currency lending matching services

It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.

Hong Kong adopts hybrid legislative for tax regulation revisions

This will take effect for fiscal years beginning on or after 1 January 2025.

IDA bags $46.8m funding to launch first fiat-referenced stablecoin

The firm anticipates mainnet launch before year-end.

Property sales down 10.1% in August

Total consideration for residential units was $28.5b.

HK implements advance flight info system to boost border control

A rollout phase will be implemented to allow over 100 operators to connect to the system.

Housing Bureau launches light housing aid scheme

It will provide allowances ranging from $1900 to $12,550.

MTR Corp. records low property cash since 2017

S&P expects property development cash inflows to reach $1.5b to $2b yearly.

Mannings demonstrates remarkable marketing strategies through AI-driven solutions, first-party data

Its AI personalisation journey has stood out and has yielded exceptional results.

Cash-rich investors gain leverage as Hong Kong property prices fall

Investors are snapping up properties at prices that are up to 69% lower than historical highs.

CSSA provides $500 subsidty to disabled employees

They will provide an additional $500 subsidy per month. 

Housing Bureau, HA launch “well-being design” guide

The guide consists of eight booklets, covering eight well-being concepts. 

Wharf Hotels rebrands Marco Polo Hotels

The change was to address the ‘bleisure’ trend.