Hong Kong

The Insurance Authority will initiate a review next year. 

It will assist in formulating policies and strategies for Hong Kong's maritime industry.

It is seen to play a crucial role in supporting national security.   Chief Executive John Lee reaffirmed his administration's dedication to the “one country, two systems” principle during his 2024 Policy Address.

These initiatives will leverage AI and blockchain technology.

A working group will be formed to establish an international gold trading centre.

HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.

Over 150,000 housing units are expected to be built there over the next decade.

The assets must be valued at over $50m.

The previous rate was 100%.

Owners must convert substandard SDUs to basic housing units.

Ginza-style commercial buildings were previously mostly concentrated in core areas, such as Causeway Bay, Tsim Sha Tsui and Mong Kok, to attract tourists.

Whilst not mandatory, they could simplify data exchange with cities in South China.

Hang Seng Bank forecasts a 2.8% market expansion for 2024.

The transactions realised a total land premium of  $1.89b.

It plans to release more maps for other districts.

They also talked about youth development.