Hong Kong

The new office will deepen its regional financing activity.

Just 19% of all respondents felt fully ready to pass on a legacy, a figure that rose to 29% among affluent participants.

Private flat supply in the next three to four years will be 102,000 units.

Mortgage applications for the month dipped by 1.1%.

Money locked cannot be withdrawn or transferred via online or phone banking.

They will jointly launch a co-branded credit card with a dual rewards program.

The initiative enhances Hong Kong’s outreach in Southeast Asia.Hong Kong’s new Economic & Trade Office (ETO) in Malaysia will open before the end of 2025 in a bid to strengthen Hong Kong’s ASEAN economic ties ahead of APEC.

Online sales were up 27.3% as recovery continues.

Exports of goods also expanded, fuelled by electronics-related products.

It will initially cover vehicles from Guangzhou, Zhuhai, Zhongshan and Jiangmen.

The city also led in developing open data and diversifying data categories.

BEA will also cut its USD prime rate from 7.25% to 7.00% per annum.

It follows the 25-basis point downward adjustment in the funds rate of the West.  

EVs’ annual licence fees are adjusted based on their rated power until February 2027.

However, the city saw slight declines in scores related to open government and fundamental rights.

It aims to bring assistive technology to everyday users.