News

Seasons greetings: Hong Kong Business will rest for the holidays

The Hong Kong Business team will return on 9 January 2023.

Hang Seng Bank raises prime rate to 5.625%

The bank will also be raising its savings rate by 0.625% per annum.

Residential prices to drop by 0%-5% in 2023

Year-to-date prices have declined by 10%.

Industrial production index drops by 0.6%

Textiles, wearing apparel, metal, and computer industries saw decreases in output volume.

Exports to grow 5% in 2023: HKTDC

In 2022, exports declined by 6%.

International auction house to open exhibition space in Hongkong Land’s central portfolio

Sotheby’s will cover nearly 24,000 square feet in Landmark Chater.

HKMA raises its base rate to 4.75%

The new rate took effect on 15 December.

HSBC to stop funding new oil and gas projects: report

They will continue to finance energy companies at a corporate level to help them transition.

Gov’t axes contact tracing mandate in establishments

The Vaccine Pass arrangement, however, will remain in force.

Hang Seng Bank warns of fake KOL Hazel Instagram account, website

The bank said that it will never ask customers to log in through embedded links.

Lands Department to continue works at Mong Kok site

The resumption is for the enforcement of an urban renewal project.

Fast tracking land dev’t processes won’t preempt LegCo’s functions: gov’t

The Development Bureau is eyeing to accelerate land production.