Hong Kong
Specialist tech firms to gain major boost in Hong Kong thanks to proposed listing rules
The new regime exempts firms from existing financial eligibility tests under the Listing Rules.
Managing conversations to increase conversions
Enterprises that used chat management platform, imBee, saw a 25% increase in sales.
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Cathay opens experiential retail space in Cityplaza shopping mall
Customers can scan products through QR code and use flexible modes of payment.
Retail sales value edges up by 3.9% YoY in October
The total value stood at $31.9b.
Better Industry Opportunities as Usage of Healthcare Device Rises
Increasing adoption of IVD kits bodes well for Malaysia.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Customs ratifies reciprocal trade facilitation for 13 markets
The government signed mutual recognition arrangement documents.
Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits
It follows in the footsteps of BEA’s Green Mortgage Plan.
Gov’t deficit rises to $275.75b
In August, the deficit was at $183b.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Hong Kongers trust ‘Big Tech’ more than banks for banking services: survey
86% said they trust big tech as much as or more than banks.
New completions raise Grade A office vacancy rate to 11%: JLL
The completion of Two Taikoo Place contributed to the vacancy rate.
Hungry for money: 6 in 10 millennials will work more to increase their wealth
They are even willing to compromise their relations to maximise their riches.
Rising interest rates, weakening economy dampen residential property demand
Residential sales were down 18.8% MoM in October, according to the Land Registry.
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