News
HKMA buys $7.8b to defend Hong Kong dollar peg: report
HKMA buys $7.8b to defend Hong Kong dollar peg: report
Aggregate balance will rise to HK$116.6b on May 7, 2025.
ETEI Electronics opens new warehouse, quality control center in Hong Kong
The facility unifies ETEI’s inventory and quality control operations.
Hong Kong deposits rose 0.8% in March
The Hong Kong dollar loan-to-deposit ratio decreased by 1.2%.
Gov’t issues $2.66m tax returns
Taxpayers must file their returns by 2 June.
Economy grows 3.1% in Q1 amidst robust trade
However, the outlook is dampened by trade policy uncertainty.
Gov’t prepares to build third medical school
It will be located in the Northern Metropolis University Town.
Ant Group eyes listing overseas arm in HK
It has reportedly been in talks with regulators.
EHCV extends to 12 additional GBA medical institutions
Chinese medicine hospitals will also be included.
Retail sales down 3.5% YoY in March
It is 4.8% lower after adjusting for price changes.
Trump’s trade reboot clouds APAC outlook, CRE holds for now: report
APAC entered 2025 with economic momentum: Q1 GDP growth came in at 3.9%, matching pre-Trump levels.
Gov’t boosts transport services with new taxi regulations
Initiatives will commence in July, with more proposals in the pipeline.
Hong Kong Life unveils free consultation, medication on common ailments
It is available for its customers under its “Mannings PharmaCare” service.
Low engagement drains Hong Kong’s workforce productivity
Employee engagement in East Asia has consistently lagged the global average.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Hong Kong deposits up 0.8% in March
HKD and total deposits rose, but renminbi deposits declined.
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
HSBC group chairman Mark Tucker announces retirement
The HSBC board has commenced the process to select a successor, it said.
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