News

ABN AMRO Clearing Bank granted restricted banking licence in Hong Kong

There are now 16 restricted licence banks in the city.

Hong Kong’s mortgage loan applications, approvals rose in July

Mortgage loans for primary market and secondary market transactions both increased.

Gov’t sanctions catering company for displacing local workers

The Labour department will not process the company's applications to import workers for two years.

Sunshine Insurance GWP grows 5.7% YoY in H1

Net profit attributable to the parent also grew by 7.8% YoY to $3.7b.

Best Mart 360 revenue up by 3.1% in H1

Basic earnings per share stood at $0.121.

HK records varying market dynamics in July

Overall office leasing market recorded a positive net absorption of 189,500 sq ft.

Victory Giant to list on HKEx

The company ranked first globally in terms of sales revenue in the AI computing power PCB market.

StashAway launches private market funds with monthly liquidity

The new funds are positioned as alternatives to traditional private market vehicles.

Hong Kong home rents rise through mid-2025

A flats recorded a yield of 3.7%, compared to 2.4% for the largest Class E flats.

FWD expands office space at Taikoo Place

Devon House will be renamed FWD Tower, effective 1 January 2026.

HSBC fined HK$4.2m for disclosure breaches in research reports

It is estimated to have affected disclosures in over 4,200 reports.

Hong Kong to set up cross-boundary data flow mechanism for AI research

It aims to become a hub for Mainland and global data exchange under new safeguards.

Prudential posts 7% rise in H1 2025 profit to $1.4b

Earnings per share rose 12% to 49.3 cents.

Hong Kong reclaims role as alternative private equity hub in 2025: report

Whilst PE-backed IPO activity in mainland China remains historically low, Hong Kong is increasingly serving as a preferred alternative.