News
Over 5,800 apply for light public housing
Over 5,800 apply for light public housing
About 4,440 units will begin to be rolled out in Q1 2025.
Hong Kong IPO market plummets to lowest in two decades
IPOs in Hong Kong only raised $1.5b to date, 35.2% lower than in H1 2023.
Wages rise 3.9% in March
In March, 64% of companies reported wage increases.
Hong Kong Airlines launches new route to Xining
Beginning 8 July, the airlines will fly to and from Xining every Tuesday and Saturday.
Cathay Pacific launches direct flights to Ningbo
Direct flights will operate four times a week.
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.
Read Here
Advertise
Sign Up
Commentary
Why the impact of AI is being underestimated and how it will transform business productivity in Hong Kong
The strategic decarbonisation model for Hong Kong real estate
The survival playbook for the CEO amidst geopolitical conflicts