Hong Kong
Grade A vacancy rate drops to 13.6% in May
Grade A vacancy rate drops to 13.6% in May
Four of the five major business districts saw declines in vacancy rates.
Henderson Land secures record office lease in Central with Jane Street
Jane Street leased over 223,000 square feet of New Central Harbourfront Site 3 Phase 1.Henderson Land Development Company Limited (Henderson Land) struck the largest single office leasing deal in the central business district in decades, leasing more than 223,000 sq. ft. to Jane Street.
Credit card issuance slows in Q1 2025 amidst soft retail demand
Gen Z accounted for 26.9% of total originations.
Mastercard, HSBC Hong Kong to offer privileged access to Live Nation events
Eligible cardholders can have early access to priority booking before public sales.
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
HK on track to hit 3% export growth: HKTDC
Many exporters opted to “frontload” their orders in the early months of 2025.
HTHK, Huawei ink MoU on cloud-native infrastructure
The MoU focuses on enhancing network operations and management through AI.
Revised rule lowers weekly work threshold to 17 hours
This was part of the new Employment (Amendment) Bill 2025.
Hong Kong tech firms look outside for dev hiring
More than 90% of companies want to hire the best foreign talent.
Hong Kong rises to third in global competitiveness ranking
Its ranking in four competitiveness factors improved across the board.
HK reports zero chief HR officer turnover in Q1: report
Chief HR officer turnover in Asia remained flat year-on-year.
M1 North Point Hotel property up for sale for $232m
The 28-storey property with the rooftop has a gross floor area of 30,224 square feet.
HKBU, Elsevier find global growth in Chinese medicine research
Chinese medicine research rose at a CAGR of 10.6%.
Cathay Pacific is amongst the world’s top three best airlines
It was also recognised for having the best economy class and in-flight entertainment.
Unemployment rate up 3.5% from March to May
The underemployment rate also inched up to 1.4%.
Hong Kong advances climate risk rules in corporate policy: report
This regulatory progress demonstrates its intention to institutionalise climate risk management in corporate governance.
Visitor arrivals rise 20% YoY in May on holiday boost
Mainland visitors accounted for a significant share of total arrivals.
Commentary
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