News
Gov’t appoints Sophia Chong as HKTDC executive director
Gov’t appoints Sophia Chong as HKTDC executive director
On the same day, Jenny Koo took over as Deputy Executive Director.
Retail sales up 3.8% in August
Online sales made up 8.4% of total sales
Hong Kong IA flags poor calibration in insurers’ recommendation engines
The IA also advised insurers to base rule settings on historical case data.
Hong Kong may surpass Switzerland as top cross-border wealth hub in 2025
BI also projects cross-border wealth managed in Hong Kong to grow by 12% annually over the next five years.
Hong Kong ranks fourth in global FX, top offshore RMB hub
Average daily turnover of FX transactions is 27.2% higher in 2024 compared to two years earlier.
MTR secures $30b syndicated green term loan facility
It drew commitments from banks across five regions.
Smart car firm Pateo Technology joins HKEX Main Board
The move follows the launch of its Hong Kong headquarters in February.
Infinity Development eyes Catalist board listing in Singapore
Securing the listing will allow the company to carry a higher investment risk.
Weave Living launches major domestic investor vehicle in Japan
The new investment vehicle also secured a substantial Tokyo portfolio valued at over $1.06b (JPY 20b).
Mortgage loans approvals down 6.3% in August
Loans for primary market transactions slipped 0.7%.
Zijin Gold raises $25b in IPO debut
This marks the second-largest IPO in Hong Kong.
Gov’t issues 2025 green bond report on proceeds allocation
About $240b in green bonds have been issued under the Sustainable Bond Programme.
Gov’t targets 420,00 units of housing by 2036
The public housing supply target will be 294,000 units.
Hong Kong rolls out first hydrogen-powered street washing vehicles
Each truck is equipped with six hydrogen cylinders and can be refueled in approximately 15 minutes.
Government passes BHU Bill to regulate subdivided units
Only SDUs that obtain BHU recognition will be permitted for lease.
Hong Kong establishes aviation superhub advisory body
It is tasked with delivering strategic advice on aviation policy.
Kai Tak Smart Transit plan secures financial framework approval
The government plans to fund development through a transit-oriented approach.
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