News
Alaina Shum to lead Consumer Council
Alaina Shum to lead Consumer Council
The former VTC Deputy Executive Director will assume office on 21 August.
New payment systems integrated into Kai Tak Sports Park
More than 300 payment terminals have so far been installed.
Hong Kong Airlines adds Sydney to its flight destination
It is the second local airline to operate the route.
Hang Seng Bank funds $20m green loan for low-noise equipment
The financing will support the acquisition of electric construction machinery designed to reduce noise and emissions on building sites.
Zurich and Hong Kong Airlines launch integrated travel coverage
The Zurich HKA Travel Insurance Plan is now available as an add-on when booking flights.
Eight in 10 vitiligo patients lack understanding of treatment options
The report also found that 78% were unfamiliar with medication efficacy.
East Kowloon smart and green mass transit system gazetted
Construction of the 7 kilometre-long rapid transit line will commence once the scheme is authorised.
Consumer prices up 1.9% in May
Underlying inflation rate stood at 1%
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
Rising regulations push Hong Kong trust costs higher
Firms turn to RegTech as compliance burdens grow alongside private wealth opportunities.
Foshan Haitian raises $10.01b with top-range IPO pricing
Shares were priced at $36.30 each—the highest point in the offer range.
China CITIC Bank International holds firm with solid capital and liquidity: analyst
The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024.
GDP seen to decline by 1.5% with exports under strain
China's economy is also expected to slow, with GDP forecast to decline by 0.5% by the end of 2025.
Property market may turn after seven years of decline
Cycle-low HIBOR and CCL Index boost favourable market environment.Morgan Stanley is optimistic the Hong Kong property market will see the onset of an upcycle, which could last four to five years, after seven years of decline.
Hang Seng’s HKD prime lending rate remains at 5.25%
Hong Kong dollar savings deposit rates were also unchanged.
New bill regulates leasing of subdivided units
The measure will penalise parties leasing unrecognised units.
Five HK institutions make it to world’s top 100 universities
The University of Hong Kong placed 11th.
Commentary
Driving non-Grade A office market with the Hostels in the City Scheme