News
Bank of China Hong Kong raises prime rate to 5.125% per annum
Bank of China Hong Kong raises prime rate to 5.125% per annum
The bank also adjusted its HKD savings deposit rate to 0.125% pa.
Bank of East Asia raises savings rate to 0.125% per annum
It is also raising its HK dollar prime rate to 5.375% pa.
Consumer prices rise 1.9% YoY in August
The rate of increase was the same as last month.
Industrial leasing slows as global trade activities plunge in July: JLL
Global trade is negatively affecting leasing demand for industrial space.
Retail leasing continues recovery as quarantine measures eased: JLL
More leases are expected in the future as inbound visitor figures sighted to rise.
Residential sales jump 12.7% MoM in August
JLL attributed the increase to the handful of primary projects launched during the month.
Grade A office market posts negative net absorption in August
Net absorption was at -29,000 square feet.
Goodbye aviation hub status? Report shows HK air travel recovery hit by strict health rules
The aviation industry’s recovery will slow down.
HKMA raises its base rate to 3.50%
The new rate took effect on 22 September.
Employment in the private sector drops 1.3% YoY in June
Given the drop, vacancies rose by 38% YoY.
Gov’t launches consultation on MTR fare adjustment
The public may also send feedback until 19 December.
HKSTP, Merck launch incubation programme for biomedical tech startups
The collaboration will last three years.
Optimism improves amongst exporters in Q3
Exporters in the jewellery sector were the most positive about their short-term prospects.
Cathay inks deal to buy 38 million gallons of aviation fuel from Aemetis
The fuel will be delivered over a period of seven years starting in 2025.
External merchandise trade volume down double digits in July
Total exports and imports of goods fell by 16.2% YoY and 16.9% YoY, respectively.
Unemployment rate dips to 4.1%
The total number of unemployed people stood at 161,900.
Home prices to bottom out in September or October: C&W
In the first seven months of 2022, prices fell 4.5% YoY.
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