Hong Kong
HKMA rules out new virtual banking licenses
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
HK virtual banks' record 2.2 million depositors by end-2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
Virtual banks in Hong Kong thrive with 2.2 million depositors in 2023
Hong Kong's eight licensed virtual banks experienced modest growth over the past three years.
Fusion Bank unveils business loans with up to $5m financing
One loan is for businesses at least three years old.
Mox Bank opens platform to crypto-related investing
Mox Invest users can access and invest in crypto ETFs.
Country Garden’s contracted sales hit RMB 3.41b in July
Gross floor area (gfa) attributable to the shareholders was 0.38 million sq m.
HKMA proposes simplification of three-tier banking system
It aims to simplify DTCs to second-tier institutions.
SBTi validates HKSTP’s net-zero targets
It is the first statutory body committed to achieving net-zero approved by SBTi.
AXA launches first heatwave parametric insurance
It aims to provide protection to employees exposed to outdoor conditions.
CLP Holdings earnings up 17.6% to HK$5.95b in H1
Thanks to strong performance in Hong Kong and other markets.
1 in 5 businesses plan to downsize office footprint
Office occupiers are increasingly prioritising cost savings to control overhead costs.
Hong Kong a ‘pivotal global financial hub’: Knight Frank
Its urban prosperity is the best amongst new wealth hubs.
More distress deals to take place as investment remains subdued in H2
These deals made up 50% of the investment deals in Q2
Home & Youth Affairs Bureau approves youth hostel project in Tin Shui Wai
Up to 672 hostel spaces will be available.
Businesses seek cost-saving incentives from office landlords
Approximately 8 in 10 favour rent-free periods the most.
3 things businesses consider for the ideal office space
These are price, building quality, and size.
HKT to halt 2G services by November
2G service users accounted for only 0.36% of its mobile subscription base.
Read Here
Advertise
Sign Up
Commentary
Navigating Hong Kong’s regulatory landscape: a challenging and rewarding endeavour
Wellness craze: Emerging growth for commercial space