Hong Kong
Hong Kong’s Green Revolution: A New Era of Sustainable Development
Hong Kong’s Green Revolution: A New Era of Sustainable Development
Racing against the climate clock, Hong Kong is taking decisive action. With a bold goal to slash carbon emissions by 50% within the next decade, and a vision for carbon neutrality by 2050, Hong Kong is leading the charge in the battle against global warming.
HK’s total gross premiums dip 1% in the first nine months
Hong Kong’s long-term or life business experienced a contraction, whilst the general business witnessed growth.
Prime hotel, industrial building in East Kowloon up for sale
The properties are sold for $2.22b and $180m, respectively.
WTW taps new executive director of large accounts practice HK, Macau
Ellen Fung will focus on elevating the Hong Kong market across various lines of WTW business.
ESR applies to list logistics REIT on the Shanghai Stock Exchange
The REIT will handle three projects in Kunshan, Jiangsu Province.
2023 sets the record for most failed bids in Hong Kong’s land supply history
Six of the nine tenders this year were unsuccessful.
ING coordinates US$260m sustainability-linked loan for HK’s Hop Lun
Hop Lun designs and manufactures products for more than 200 brands.
Hang Seng Bank warns of phishing SMS messages, fake WhatsApp accounts
These phishing SMS and fake accounts prompt users to provide their banking info.
Tap & Go joins Hong Kong-Thailand cross border retail payment service
Hong Kong Tap & Go customers can now pay in Thailand locally with just their app.
Crypto-focused SEBA Bank rebrands to AMINA Bank
It recently clinched a license to offer regulated services in Hong Kong.
Retail sales value rises 5.6% YoY in October
The total value stood at $33.8b.
Prudential HK teams up with local hospitals to launch new cancer service
It offers exclusive medical concierge services, amongst other benefits.
Hong Kong needs to act to keep its global maritime hub status afloat
As of 2023, Hong Kong maintains a 2.4% share of the world fleet in terms of vessel numbers.
Sustainable fuels not a silver bullet for shipping decarbonisation – experts
The shipping industry can only achieve a 2.8% emission reduction, even if it uses 54% of the world’s renewable energy.
HK greenlights foreign gains tax bill
The government will implement the refined FSIE regime on 1 January 2024.
HKEX mulls launch of China Treasury Bond Futures
The plan is still subject to regulatory approval.
HKEX, China Beijing Green Exchange sign MOU on green initiatives
Promoting sustainable finance will be one of the agreement’s focuses.
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