News
Hong Kong’s retail sales dip 3.2% MoM in January
Hong Kong’s retail sales dip 3.2% MoM in January
Online sales accounted for 6.9% of the month’s total retail sales value.
Trade tensions cloud Asia’s economic recovery outlook: report
The findings were based on discussions with investors from Singapore and Hong Kong.
Kai Tak Sports Park opens as Hong Kong’s largest sports hub
It features a 50,000-seat main stadium, a 10,000-seat indoor arena, and a 5,000-seat Youth Sports Ground.
Hong Kong land sales struggle as developers stay cautious: analysts
The latest bidding results for Sha Tin Town Lot No. 625 reflected tepid developer interest.
Hong Kong’s visitor arrivals jump 31% in 2024
The majority or 34 million people arrived from Mainland China, whilst 10.5 million came from other regions.
More and bigger IPO deals in Hong Kong expected this year
The IPO pipeline will be bolstered by relaxed monetary policy.
China CITIC Bank and HKA launch travel card
Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.
Govt receives 27 bids for smart and green mass transit project
Contracts will be awarded in 2027.
Hong Kong applies tax deduction for assisted reproductive services
The maximum deduction allowable for a year of assessment is $100,000.
Hong Kong unveils 2025-26 land sale plan
This includes eight residential sites.
Mortgage loan approvals fall 2.1% in January
The number of mortgage applications increased 3.3%.
Hong Kong to raise capital for infra expansion
Capital works expenditure will increase to about $120b annually from the previously estimated $90b.
Gov't introduces one-off tax cut for 2024/25 tax year
A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.
Govt adjusts stamp duty rates on property transactions
For properties valued up to $4m, buyers will pay a nominal duty of $100.
Hong Kong professionals turn to contracting as career goals shift
83% of professionals in Hong Kong see contracting as an industry with strong career growth opportunities.
Four in five Hong Kong entrepreneurs hold multiple residencies: report
HSBC said Hong Kong ranked second only to New York in terms of ultra-high-net-worth residents.
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility.
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