Hong Kong
Gov’t invites applications for $200m professional services fund
Gov’t invites applications for $200m professional services fund
Applications are open until 31 August.
New exemption option for columbaria as amendment takes effect
After obtaining an exemption, sellers can retain the niches they sold.
Cathay Pacific partners with Sinopec to boost SAF use
Flights departing from HKIA will use SAF produced by Sinopec.
Mortgage loans approval increases 2.4% MoM in April
The number of mortgage applications decreased by 7.8% MoM.
FuSure expected to maintain strong balance sheet as it expands business
It recently received a long-term reinsurance license authorisation from Hong Kong regulators.
New World Development defers perpetual bond coupons payment
It will defer on a total of four payments due in June.
Gov’t reduces emissions cap for power plants
The new restrictions will take effect in 2030.
About 74% of HK SMEs struggle with payment reconciliation: survey
21% strongly agreeing that reconciliation poses a critical challenge, compared to 9% of small businesses.
Prudential Hong Kong begins accepting claims for histotripsy care
Histotripsy uses focused soundwaves to create microbubbles within a tumour.
FWD Hong Kong adds cross-border care via New Frontier deal
The initiative includes a cashless hospitalisation service.
URA welcomes Donald Choi as its new managing director
He will serve for three years.
Futu’s Q1 2025 revenue soars 81.1% YoY
Its non-GAAP net income almost doubled.
HKMA, HKUST Business School ink MoU for applied cybersecurity research
They will explore supervisory tech and regulatory tech.
PAObank names Ronald Iu as chief executive
Iu has previously served as chief executive of two other digital banks in Hong Kong.
Shein drops London listing for Hong Kong IPO—report
Reports indicate that the online retailer has yet to get approval from Chinese regulators.
Hong Kong passes departure tax hike
Departure tax increases from $120 to $200 per passenger.
Gov’t launches scheme allowing private professionals to certify fire safety
The scheme will launch in November.
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