Hong Kong

Taxpayers missing out on tax-deductible benefits: Manulife survey

Hong Kongers were asked about tax-deductible solutions and only answered 4 out of 14 correctly.

Cathay Pacific passenger traffic rises 47.9% YoY in February 2022 

This was due to post-Chinese New Year traffic and student traffic.

Six Hong Kong securities firms rated as credit negative due to China’s property stress

Despite this, strong parent support and low leverage are expected to mitigate its potential impact. 

Hongkong Land offers $15m for unprivileged people, rent relief

A total of $5m was allocated to help unprivileged communities, tenants, and workers.

Residential transaction volume to drop 49% YoY in Q1 2022

The expected volume will be the lowest recorded since early 2020.

What’s next for the exchange-traded funds market? PwC explains

The market is ready for product development transformation.

SME receipts diffusion index dips to 29.9 for February

The logistics and real estate sectors saw the most dips at 20 and 25.9, respectively.

HKSTP, Infineon launch microelectronics incubation programme

The three-year programme aims to nurture startups in the microelectronics sector.

Cathay Pacific cuts losses from $21.6b to $5.5b loss

Despite this, the current restrictions in place for Hong Kong show a bleak outlook.

Slow down of launches to spur competition in the residential market: JLL

2022 saw the number of applications for pre-sale consent surge to 7,094, the highest ever recorded. 

OLA to continue subsidy efforts under Anti-Epidemic Fund's 6th round

The application period is set to last until 17 March.

Cryptocurrency in Hong Kong – Regulated or Not

With the second-highest engagement after the United States, Hong Kong continues to be a significant market for cryptocurrency. 

Port cargo throughput decreased 14.3% YoY

The total throughput recorded was 213.7 million tonnes.