News
4 in 5 consumers hold only credit cards: report
4 in 5 consumers hold only credit cards: report
Only 11% belong to the "flexible funding wallet" segment.
Gov’t OKs revised Banking Bill 2025
The ordinance will enable banks to share account information to detect and prevent crimes.
Gov’t prices $27b worth of green bonds and infrastructure bonds
The bonds are denominated in Hong Kong dollars, renminbi, US dollars, and euro.
Cathay Pacific launches direct flights to Rome
It will be operated by Cathay’s Airbus A350-900 fleet.
Hotel101 secures SEC approval for merger with Nasdaq-listed JVSPAC
The merger values Hotel101 at an equity value of $3b.
Axa Hong Kong and Macau launch Max Goal II Insurance Plan
It promises a breakeven timeframe of 5 years.
Generali Hong Kong, Wonder partner to digitalise insurance premium payments
The collaboration leverages Citi's Spring by Citi® digital payment acceptance solution.
Almost eight in 10 sceptical of new taxi fleet impact
A notable 29% expressed that they were "very pessimistic."
Hong Kong ranks among top APAC hubs with pro-business climate
It ranked 4th in APAC.
Golden Village sells Yishun 10 Cinema to Frasers subsidiary for $48m
Net proceeds will be used to repay bank loans and for general working capital.
Property sales fall 10.9 % in May
Total transaction value was $49.8b.
Startup funding falls to $1.1m in May: report
This represents a steep decline of 96.22% compared to April 2025.
Retail sales drop 2.3% YoY in April
It was provisionally estimated at $28.9b.
Hang Seng Bank opens MTR Jordan Station Retail Banking Centre
It is open from 11 AM to 7 PM on weekdays.
Hong Kong’s growth projected to moderate at 1.9% in 2025
Inflation is also expected to remain moderate at 1.8% in 2025.
Vodafone, CK Hutchison complete UK merger
VodafoneThree will invest t $116.7b in 5G over 10 years.
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