Hong Kong
New kiosks streamline HKID, passport applications
The kiosks are located at the Immigration Headquarters in Tseung Kwan O.
HK's exports set to grow by 4% in 2025
Electronics exports grew by 13.5% year-on-year in the first 10 months of 2024.
Cathay Group nears completion of two-year rebuilding project
Cathay Pacific and HK Express will reach 100% of pre-pandemic flights by 2025.
One in three Hong Kong users fall for scams despite detection confidence
63% of users reported they reused passwords across multiple sites.
Grade A office rents may drop 5-10% in 2025 amid weak demand
Retail rents for both High Street shops and Prime shopping centers may decline by 0-5% in 2025.
China Resources and Transportation Group posts $2.05b net profit in FY2024
This was primarily driven by a $2.43b gain on debt restructuring.
Hong Kong attracts 66 strategic enterprises
About 60% of these enterprises have set up new operations in the region.
Health Bureau considers merging Hong Kong Island Hospital Services
Under one cluster, hospitals treating acute and complex illnesses would be retained.
Home prices may rise up to 5% amid strong first-hand sales demand
Transactions may reach 55,000-58,000 units, driven by first-hand sales contributing 35-40%, the highest level since 2004.
Derivatives may sharpen Hong Kong edge in gold trade
A plan to increase its vault capacity means it can offer cheaper storage rates than London.
Hong Kong direct investment stocks rise in 2023
Inward and outward DI rose by 6.2% and 3.8%, respectively.
Don’t let ESG gaps affect your asset’s value
The day when ‘brown discounts’ on property become a genuine concern for stakeholders is drawing nearer. A brown discount is an asset’s loss in value because it does not meet specific ESG standards.
Royal Caribbean to double HK homeport sailings in 2025
It is expected to bring 20,000 international visitors to Hong Kong.
Diffusion index down to 41.9 in November
Business receipts DI fell for business services, restaurants, and retail trade.
Gov't unveils roadmap for sustainability disclosure in Hong Kong
It mandates compliance with the ISSB standards for public entities by 2028.
Gov’t to subsidise procurement of 3,600 EVs
It will also provide at least 500 fast chargers throughout HK by the end of 2027.
Commentary
Don’t let ESG gaps affect your asset’s value