News
Hong Kong employers brace for disruption as AI hits admin roles hardest
Hong Kong employers brace for disruption as AI hits admin roles hardest
53% of employers expect more than a quarter of their staff will require reskilling, and 26% expect more than half will need new skills.
Prudential unit files IPO to sell 9.91% stake
It has filed a Red Herring Prospectus for the IPO.
Dah Sing Bank extends US stock trading service to nearly 24 hours
It also modified its brokerage fee rate to US$0.015 per share.
8 in 10 Chinese companies choose Hong Kong as global launchpad
City channels 60% of China’s outbound direct investment
63% of finance leaders forecast GDP growth in 2026
Survey cites capital-market depth and financial connectivity as key supports.
HKIC posts $2.34b investment income in 2024
Its operating income stood at $2.25b over the same period.
Li Dong Building hits market at $800m in public tender
The building is about 90% leased, largely to medical, fitness, and physiotherapy tenants.
November property registrations slips to 7,121 units
Residential agreements decline as total consideration eases year on year.
Port cargo throughput falls 5.6% in Q3
Inward cargo dropped 11% whilst outward shipments rose modestly.
Hong Kong offers 535 market stalls for December public auction
The auctions will cover cooked food, fresh meat, seafood, fresh produce and other sundry trade categories.
HK retail sales up 6.9% YoY in October
It was estimated at $35.2b.
Residential mortgage loans reached $31.3b in October
Loan transactions decreased by 2.1% to $12.4b, whilst secondary transactions increased by 3.4% to $16b.
5.1-year waiting time recorded for public rental housing
7,900 quarterly placements contributed to the one-year reduction.
Government suspends 30 projects after safety concerns
A safety audit will be required before resumption of operations.
Hong Kong’s fixed wireless access market expands as 5G coverage strengthens
The firm said growth will be driven by the city’s extensive 5G coverage and rising demand for high-speed connectivity
Construction receipts climb to $474b even as profit margins tighten
Gross surplus fell 5.9% despite the higher industry value added.
Transport, storage sector totals $755.6b of receipts in 2024
The segment contributed $197.3b in the city’s GDP.
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