Hong Kong
Towngas issues $552m asset-backed securities program in China
Towngas issues $552m asset-backed securities program in China
It targets industrial and commercial distributed photovoltaic and energy storage.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
HK Express launches flights to Phu Quoc, Vietnam
The new flight route marks the airline’s tenth destination in Southeast Asia.
Billionaires’ wealth in HK, Mainland China drops by 16.8% to $14t
The number of billionaires also declined to 501 from 588.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
Civic Exchange creates roadmap for hydrogen-powered buses
The paper provides a business model to support the government’s green transformation roadmap and timetable for public buses.
Gov’t appoints new transport and culture secretaries
Lee also announced the removal of Kevin Yeung and Lam Sai-hung.
Bacha Coffee unveils new location at Hong Kong International Airport
Guests may choose from over 200 coffees, served hot or iced.
Six in 10 HK professionals forecast economic growth next year
51% expect their company's revenue to increase.
Land sales revenue falls behind fiscal goal, totaling $3.7b by October
It represents only 11.2% of the government's target of $33b.
New home inventory projected to balance by late 2025 as supply declines
The months of supply has dropped to 78.2 months as of October 2024.
HK gov’t to review criteria, scope of TAVA scheme eligibility
This is due to reports of individuals defrauding the said scheme.
HKMA eases mortgage loan limits, sparks concerns over property valuation risks
JLL said buyers face higher risks as the housing market is still in a downturn.
CUHK introduces non-invasive test for gastrointestinal inflammation
The invention can effectively differentiate common chronic gut disorders.
Nearly half of Hong Kong consumers foresee income growth in 2025
Millennials lead the way at 51%, up from 40% last year.
Mainland, Middle East may drive Hong Kong IPO market in 2025
The city’s benchmark stock index is headed for its first annual gain since 2019.
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