News
China central bank to supports HK's bid to becoming an international finance hub
China central bank to supports HK's bid to becoming an international finance hub
The bank provided conducive factors through its policies.
UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA
The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.
How sluggish trade activity is affecting industrial leasing
Aggregate trade dropped 33.4% YoY in January.
New co-living rental complex to attract young professionals
The 6,500 square-metre key hotel is located in the heart of Tsim Sha Tsui.
CK Hutchison posts 10% profit growth in 2022
Its profit attributable to ordinary shareholders stood at HK$36.6b.
Home sales rise in February
There were 4,282 units sold during the month.
Retail leasing sentiment picks up in February
A notable transaction during the month was the ground floor of 14 Canton Road.
Grade-A office vacancy rate rises to 12.3% in February
The increase was partly due to the completion of S22 in Wong Chuk Hang.
Pay for workers in finance industries to increase by 3.8% and up in 2023
This is likely because there will be a “greater focus” on finance tech industries this year.
How Hong Kong plans to position itself as a greener city
The government will establish a green-tech committee as part of its efforts.
Unemployment rate drops to 3.3%
There were 115,700 unemployed from December 2022 to February 2023.
Residential market sales to grow 49% in Q1 2023
It will be backed by China reopening and reduction of AVD.
Measures in place to combat abuse of public housing resources: gov’t
Over 3,000 households have either surrendered their flats or had it confiscated.
No delay in full implementation of eMPF platform: gov’t
This is despite an expected eight months setback in the platform’s delivery.
Gov’t proposes to ban disposable plastic tableware in catering premises
The proposed ban applies to both dine-in and takeaway customers.
Commercial property demand to ‘gradually strengthen’ in 2023: CBRE
In February, sales rose 23.4% MoM to 1,698 units.
Hong Kong Airlines serves four-times weekly flights to second Beijing route
The flight will return daily starting 26 March.
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