News
Hang Seng Bank taps Derek Ngai as new head of audit
Hang Seng Bank taps Derek Ngai as new head of audit
Ngai was head of audit for Hong Kong and Macau at HSBC.
All sectors affected in Hong Kong’s real estate sales drop
Rising interest rates and geopolitical tensions challenge Hong Kong's property sector.
Hong Kong travelers flock southeastern regions in cross-border travel: report
Total volume of cross-border travelers to Mainland China has reached 141 million.
Sanergy’s shares plummets 98% following a forced liquidation
The company requested a trading halt on 3 September.
HKBU plans trial for ulcerative colitis remission drug in 2025
It will be randomised, double-blind, and placebo-controlled.
Hong Kong, Shaanxi ink cooperation agreement
This aims to further strengthen co-operation and capitalise on respective strengths.
CAD assists in Cathay Pacific’s A350 fleet inspection after engine failure
The department is closely monitoring the inspection’s progress.
HKRITA and H&M opens research facility for sustainable textile and fashion industry
It is located at the Advanced Manufacturing Centre in Tseung Kwan O InnoPark.
Chow Tai Fook Jewellry taps Gabriela Ferreira as international general manager
She will focus on enhancing brand desirability and identify new growth opportunities.
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.
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