News
Hong Kong ranks 15th most transparent real estate market globally
Hong Kong ranks 15th most transparent real estate market globally
On a regional perspective, the country ranks third.
Gen Z consumers, travel spending boost credit market growth in Q2 2024
GDP and export growth also supported the stable credit market in Q2 2024.
HK-listed Chinese banks deliver 23% higher returns in 8M 2024
Major banks’ plans to distribute interim dividends lifted market sentiment.
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city.
Gov't introduces 5% concessionary tax for IP development
The initiative aims to stimulate the commercialisation of IP.
CashOn to explore digital currency lending matching services
It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.
Hong Kong adopts hybrid legislative for tax regulation revisions
This will take effect for fiscal years beginning on or after 1 January 2025.
IDA bags $46.8m funding to launch first fiat-referenced stablecoin
The firm anticipates mainnet launch before year-end.
Property sales down 10.1% in August
Total consideration for residential units was $28.5b.
Alternative payments is top choice for e-commerce purchases in Hong Kong
It accounts for 41.7% share in 2023.
The Connaught in Sai Ying Pun up for sale via tender
The property has a guide price of $600m.
HK implements advance flight info system to boost border control
A rollout phase will be implemented to allow over 100 operators to connect to the system.
Housing Bureau launches light housing aid scheme
It will provide allowances ranging from $1900 to $12,550.
MTR Corp. records low property cash since 2017
S&P expects property development cash inflows to reach $1.5b to $2b yearly.
Cash-rich investors gain leverage as Hong Kong property prices fall
Investors are snapping up properties at prices that are up to 69% lower than historical highs.
CSSA provides $500 subsidty to disabled employees
They will provide an additional $500 subsidy per month.
Housing Bureau, HA launch “well-being design” guide
The guide consists of eight booklets, covering eight well-being concepts.
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