Hong Kong
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.
Cash takes the crown: 22% say it will be the best investment in 2022
It has beaten stocks and cryptocurrency.
Dah Sing Bank reopens four branches
They are open on weekdays.
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.
AIA acquires Blue Cross for $1.53b
This is set to expand the scope of the Bank of East Asia’s existing partnership with AIA.
Retail sales value up by 4.1% in January
The growth, however, was lower than the December 2021 record of 6.1%.
DBS Hong Kong suspends counter services in 14 branches
All branches will be closed every Saturday.
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