News
Hong Kong tourism rises 11.9% with Mainland travel rebound
Hong Kong tourism rises 11.9% with Mainland travel rebound
Hotel occupancy averaged around 85% in 2024, but the Average Daily Rate (ADR) dropped 4.3% YoY.
McDonald’s-leased HK retail sites hit market in $1.2b sale
The properties are located in high-traffic areas including Tsim Sha Tsui, Causeway Bay, Mong Kok, among others.
Lalamove expands Middle East operations
It will set up a branch in the Kingdom of Saudi Arabia later this year.
Median hourly wage increase outpaces average inflation
Median hourly wage climbed from $60.0 to $82.9 in ten years.
SFC and ICAC arrest former execs of listed company
The joint operation uncovered suspected market manipulation and corruption.
Hong Kong Airlines to add Melbourne route in December
Three return flights will be operated per week.
Hong Kong insurance premiums hit $28.6b in Q1 2025
This was driven by robust growth in both long-term and general insurance business.
Towngas and HKSTP to build Hong Kong’s first public EV hydrogen charging system
It will be completed in Q2 2026.
HK employers face rising benefit costs, financial strain: report
Mental health, health benefits, and financial wellbeing are the three areas most employers in the region are planning to enhance over the next three years.
Nearly 65% of retailers utilise marketplaces
Only around 40% of retailers use their websites to sell.
Mainland Chinese deposits surge as Hong Kong insurers gain
End-2024, Hong Kong’s MCV insurance market reached HK$62.5b (US$8b).
Commercial floors at 382 Lockhart Road up for sale
The indicative price is set at $398M, or approximately $8,405 per square foot.
Hong Kong logistics rental softens in H1
Tenants’ adjustment and tariff risks dragged rental prices and activities.
HKMA fines three banks for violating anti-money laundering policies
HKMA ordered fines and formulation of remedial measures.The Hong Kong Monetary Authority (HKMA) has conducted disciplinary action against Indian Overseas Bank, Hong Kong Branch (IOBHK), Bank of Communications (Hong Kong) Limited (BCOM(HK)), and Bank of Communications Co., Ltd., Hong Kong Branch (BCOM) for violating the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (AMLO) on 22 July.
New tax portals launched
This allows tax matters to be handled electronically.
Task force drafts proposed elderly-friendly building designs
Mandatory requirements for caring will be regulated in the first half of 2026.
Shangri-la Asia appoints Kuok Hui Kwong as new CEO
Kwong held leadership roles in the company since 2014.
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers