Hong Kong
Hong Kong deposits rose 0.8% in March
Hong Kong deposits rose 0.8% in March
The Hong Kong dollar loan-to-deposit ratio decreased by 1.2%.
Gov’t issues $2.66m tax returns
Taxpayers must file their returns by 2 June.
Economy grows 3.1% in Q1 amidst robust trade
However, the outlook is dampened by trade policy uncertainty.
Gov’t prepares to build third medical school
It will be located in the Northern Metropolis University Town.
Ant Group eyes listing overseas arm in HK
It has reportedly been in talks with regulators.
EHCV extends to 12 additional GBA medical institutions
Chinese medicine hospitals will also be included.
Retail sales down 3.5% YoY in March
It is 4.8% lower after adjusting for price changes.
Hong Kong Life unveils free consultation, medication on common ailments
It is available for its customers under its “Mannings PharmaCare” service.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Hong Kong deposits up 0.8% in March
HKD and total deposits rose, but renminbi deposits declined.
Gov’t projects 105,000 private flat supply in the coming years
There were 28,000 unsold units in completed projects at the end of March.
Gov't launches subsidy scheme as MPF offsetting arrangement ends
It will help cover employers’ severance and long-service payment costs.
Gov’t approves tax concessions bill
The measure cuts 2024-25 income and profits taxes by up to $1,500 per case.
Tax cuts unlikely to lift Hong Kong home prices
They could boost sentiment and reinforce signs of a stabilising property market.
Hong Kong office demand shifts to smaller units in early 2025: Colliers
Office cap rates ranged from 3.10% to 4.10%, retail from 3.25% to 5.00%, and industrial from 3.00% to 4.10%.
Hong Kong ranks third globally in average fraud losses for 2024
Hong Kong’s suspected digital fraud rate reached 6.2% in 2024, 15% above the global average.
Hong Kong ranks third globally in average fraud losses for 2024
Hong Kong’s suspected digital fraud rate reached 6.2% in 2024, 15% above the global average.
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