News
Tenement buildings in Kowloon sold for $260m
It was sold to Apex Intelligence Limited.
Cathay opens experiential retail space in Cityplaza shopping mall
Customers can scan products through QR code and use flexible modes of payment.
Retail sales value edges up by 3.9% YoY in October
The total value stood at $31.9b.
Total loans, advances down 1.2% in October: central bank
Loans for use in the market were down by 1%.
Foreign currency assets down by $25.5b in October: HKMA
The decrease was attributed to the sale of US$ under currency board arrangements.
Customs ratifies reciprocal trade facilitation for 13 markets
The government signed mutual recognition arrangement documents.
Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits
It follows in the footsteps of BEA’s Green Mortgage Plan.
Gov’t deficit rises to $275.75b
In August, the deficit was at $183b.
Approved mortgage loans drop 4.7% MoM in October
The drop was likely due to the decrease in applications during the same month.
Rising interest rates, weakening economy dampen residential property demand
Residential sales were down 18.8% MoM in October, according to the Land Registry.
DBS Asia Capital names Lindsay Chu as new CEO
Prior to joining DBS, has worked senior roles in HSBC, Nomura, and J.P. Morgan.
HK, Guangdong launch cooperation projects on IP
The projects cover areas such as cross-boundary IP protection.
Exports value drop 10.4% YoY to $374.77b in October
The deterioration of the external economic environment contributed to the fall.
Grade-A Office rents down 1.8% MoM in October
The downward rental trend will continue for the rest of 2022.
Dah Sing Bank joins Mastercard’s Priceless Planet Coalition
As a banking partner, Dah Sing Bank will raise customer awareness towards reforestation.
Global financial leaders looking to hire more HK talent: Chan
The financial leaders' summit boosted the market's financial status.
Read Here
Advertise
Sign Up
Commentary
How Hong Kong SMEs should set boundaries for agentic AI in B2B selling
Stablecoin payments are going mainstream. Hong Kong and APAC are showing how