Hong Kong
Private lenders step in as Hong Kong banks cut real estate loan growth
Private lenders step in as Hong Kong banks cut real estate loan growth
Knight Frank expects Hong Kong to remain a distressed-refinancing market rather than growth-lending market.
Private lenders step in as Hong Kong banks cut real estate loan growth
Knight Frank expects Hong Kong to remain a distressed-refinancing rather than growth-lending market.
Four in five entrepreneurs hold multi-residency status
63% of Hong Kong entrepreneurs are concerned that large inheritances may weaken next-generation values.
Hang Seng Bank raises Sustainability Power Up Fund to $120b
About 70% of the utilisation went to sustainability-linked loans.
Security Bureau convenes task force to tackle illegal employment
Key focus areas include developing response strategies, improving intelligence gathering, and information sharing.
Visa launches Click to Pay digital checkout service in Hong Kong
The solution aims to offer a faster and more secure experience for both consumers and merchants.
Hong Kong suspends contractor from public tenders after fatal accident
The contractor must conduct an independent safety audit.
Gov’t appoints Sophia Chong as HKTDC executive director
On the same day, Jenny Koo took over as Deputy Executive Director.
Retail sales up 3.8% in August
Online sales made up 8.4% of total sales
Hong Kong IA flags poor calibration in insurers’ recommendation engines
The IA also advised insurers to base rule settings on historical case data.
Hong Kong may surpass Switzerland as top cross-border wealth hub in 2025
BI also projects cross-border wealth managed in Hong Kong to grow by 12% annually over the next five years.
Tokenisation, tech pushed to revive property market
It could cut transaction costs by as much as 30%.
Hong Kong ranks fourth in global FX, top offshore RMB hub
Average daily turnover of FX transactions is 27.2% higher in 2024 compared to two years earlier.
MTR secures $30b syndicated green term loan facility
It drew commitments from banks across five regions.
Smart car firm Pateo Technology joins HKEX Main Board
The move follows the launch of its Hong Kong headquarters in February.
Infinity Development eyes Catalist board listing in Singapore
Securing the listing will allow the company to carry a higher investment risk.
Mortgage loans approvals down 6.3% in August
Loans for primary market transactions slipped 0.7%.
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