News
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
Hong Kong financial services market grows 60%
This was due to the recovery of the city’s overall economy.
Hong Kong to focus on new development areas
Chief Executive John Lee outlined key development priorities.
Hong Kong home prices fall to eight-year low
Rent, on the other hand, has risen to its highest levels since August 2019.
Money woes break hearts for 1 in 3 couples: survey
Spending too much money and differences in saving habits were the top dealbreakers.
Hong Kong’s retail market contracts as locals travel abroad
Total retail sales value fell 11.8% to $29.1b in July.
Grade A offices rents decrease by 6.5% in August
Office rents declined to HK$62.6 per sq ft.
Mortgage loans down 12.2% to $21.8b
Applications also fell by 12.2% MoM to 5,919.
Hong Kong hits lowest maiden listing volume since Q1 2023
In Q3, the market only raised US$886m.
Hong Kong M&A deals fall 38.6% YoY in 9M24
It marked the lowest 9M record since 2012.
Wantian partners with Hin Sang to expand in the functional food market
The partners plan to establish 100 health soup chain stores within three years.
Hong Kong deposits see modest growth in August, up 1.1% YoY
Year-to-date, total deposits have grown by 5.0%.
HK halts poultry imports from parts of US due to bird flu outbreak
The decision follows a WOAH notification about outbreaks in California and Florida.
Mobile operators can soon install facilities without fees in new buildings
This is effective starting 1 April 2025.
Labour Department revokes licence of JB Employment Agency in Kwun Tong
This marks the first instance of an EA licence being revoked in 2024.
Sun Life Hong Kong sees over two-fold APE in H1 2024
It outperformed the industry’s overall growth of 29%.
Read Here
Advertise
Sign Up
Commentary
Strategic location tips for playgroups and education centres
Innovating CSDs: What Hong Kong can learn from Euroclear Cash+
How student hostels conversion projects can qualify as social loans