News
Mortgage applications in HK fall 16.1% in May
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
Dah Sing Bank unveils multi-currency debit card
It covers 11 currencies and has no annual fee.
Contract work spikes as employees seek flexibility and work-life balance
Employers target Gen Z professionals because they prefer flexible work.
Surge in exports to Mainland China boosts Hong Kong’s trade
The trade forecast was revised upward from a maximum of 6% to 11% amidst export growth.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
Patent box incentive boosts R&D investment in Hong Kong
New tax regime can attract R&D-focused businesses.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
Diversification dominates supply chain strategy in Asia Pacific
Supply chain diversification, not nearshoring, is the key focus for manufacturers.
Country Garden receives trading resumption guidance from HKEX
The company has been suspended from trading since 2 April.
Hongkong Land can afford bill for $3.1b Landmark upgrades
Capex will rise in the short-term, but retail income will rise long-term.
Hong Kong’s credit card market to hit $1.02t in 2024
This growth is driven by the city’s robust payment infrastructure and e-commerce growth.
AIRSIDE’s office leasing occupancy soars 70%
Its retail occupancy rate also surged to 90%.
Hongkong Land to invest $3.1b for LANDMARK revamp
The transformation project will begin in phases, starting Q3 2024.
Trade, tourism buoy Hong Kong’s economy to 3.3% growth in 2024
Resilient labour market conditions will also help drive the economy up.
What’s shaping Hong Kong’s asset management sector
The report highlights evolving investment trends such as ESG, alternative assets, and virtual assets.
Flexibility preferred by working parents over career prospects and pay rise
Working parents would prefer flexible work arrangements to better manage childcare duties.
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