News
HKMA raises its base rate to 4.25%
The new rate took effect on 3 November.
Fintech enterprises in Hong Kong grows to over 800 within 5 years
This is up from 180 fintech firms.
Economy contraction widens in Q3 at 4.5%
In Q2, the economy shrank by 1.3%.
Hong Kong to place ‘guardrails’ to mitigate potential risks in virtual assets
This is in line with the development of VAs in Hong Kong.
Hong Kong retains 10-year housing supply target
The government maintained its 430,000-unit target in the ten years to 2033.
Hong Kong retail sales up 0.2% in September
Retail sales stood at $28.1b, the Census and Statistics Department reported.
HKIA opens new Sky Bridge
The Sky Bridge is the longest airside bridge across the globe.
Around 2 in 5 Hong Kong businesses experienced cyber incident: report
This is the lowest in the Asia Pacific region.
Site in Kai Tak up for public tender
The site is designated for non-industrial purposes.
95,000 private flats to be available in next 3-4 years
The figure is 3,000 less than the previous estimate.
Government improves green lifestyle local tour incentive scheme starting 1 December
This includes raising the subsidy level to local tour participants to $300.
Bank of China HK joins pilot programme to trial use of digital currencies
BOCHK has completed real-value cross border trade of central bank digital currencies.
Gov’t further eases distance measures for catering business, scheduled premises
Starting 3 November, restrictions on the operating and dine-in hours will be lifted.
Hong Kongers may bring home bigger checks in 2023
A salary increase of 4% in 2023, a report found.
Citi Hong Kong launches 2022 Citi Tax Season Loan
Customers can loan up to HK$2m or 12 times their monthly salary.
Flexible office spaces expand in Hong Kong: JLL
Companies should rethink their office design as hybrid work gains traction.
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