News

Property sales down by 10.4% MoM in August

There were 388,762 land register searches in August.

Cathay overhauls key roles in Southeast Asia and Oceania

Frosti Lau has been tapped as the regional general manager.

Manulife Hong Kong expands hospital access to 38,000 sites in China

It also extended its Credit Service for Hospitalisation to over 800 hospitals in China.

Hong Kong Insurance Authority sets 50% cap on broker referral fees

The HKIA warned that excessive referral fees could mask commission rebates.

Cheung Sha Wan site to be auctioned for $123m

The site spans approximately 4,800 square feet.

Hong Kong tourism rebounds with 23.6m visitors in H1 2025

The city recorded 23.64 million visitors in the first half of the year, or a 11.7% YoY. 

Retail sales rise 1.8% YoY in July 2025

Total retail sales estimated to have reached $29.7b.

IVD Medical acquires 20.31% stake in GoFintech Quantum for $3.142b

This marks the company’s move to elevate the on-chain financial ecosystem.

Shoucheng Holdings posts 30% profit rise in H1

Total revenue rose 36% to $731m, whilst gross profit increased 26% to $295m. 

Most HNWIs prefer hybrid model in wealth services: survey

Nearly 40% said they are interested in attending physical investment seminars.

Hang Lung launches program to support young founders

The entrepreneurs also receive renovation support, marketing assistance, and access to promotional platforms.

Court convicts 23 SDU landlords for contravening relevant statutory requirements

One of the landlords committed 20 offences and was fined $22,400.

Futu opens largest HK store, rolls out institutional & private wealth service center

The 7,000 square feet flagship store in Causeway Bay spans two floors.

Landsea Green delays release of FY2025 interim results, suspends trading

 It faces operational challenges due to the departure of key employees.

ABN AMRO Clearing Bank granted restricted banking licence in Hong Kong

There are now 16 restricted licence banks in the city.