News

Hang Seng Bank funds $20m green loan for low-noise equipment

The financing will support the acquisition of electric construction machinery designed to reduce noise and emissions on building sites.

Zurich and Hong Kong Airlines launch integrated travel coverage

The Zurich HKA Travel Insurance Plan is now available as an add-on when booking flights.

Eight in 10 vitiligo patients lack understanding of treatment options

The report also found that 78% were unfamiliar with medication efficacy.

East Kowloon smart and green mass transit system gazetted

Construction of the 7 kilometre-long rapid transit line will commence once the scheme is authorised.

Consumer prices up 1.9% in May

Underlying inflation rate stood at 1%

Hong Kong, China launch Payment Connect for faster cross-border payments

Supported services include instant remittance services, amongst others.

Rising regulations push Hong Kong trust costs higher

Firms turn to RegTech as compliance burdens grow alongside private wealth opportunities.

Foshan Haitian raises $10.01b with top-range IPO pricing

Shares were priced at $36.30 each—the highest point in the offer range.

China CITIC Bank International holds firm with solid capital and liquidity: analyst

The bank’s exposure to property development and investment in Hong Kong accounted for 13% of gross loans at the end of 2024. 

GDP seen to decline by 1.5% with exports under strain

China's economy is also expected to slow, with GDP forecast to decline by 0.5% by the end of 2025.

Property market may turn after seven years of decline

Cycle-low HIBOR and CCL Index boost favourable market environment.Morgan Stanley is optimistic the Hong Kong property market will see the onset of an upcycle, which could last four to five years, after seven years of decline. 

Hang Seng’s HKD prime lending rate remains at 5.25%

Hong Kong dollar savings deposit rates were also unchanged.

New bill regulates leasing of subdivided units

The measure will penalise parties leasing unrecognised units.

Hong Kong to log largest rise in bad loans in APAC in 2025

Banks in Hong Kong and the mainland still face subdued loan demand.

BEA property risks persist but capitalisation, funding offer buffers

Its impaired loan ratio is expected to remain high in 2025.