News
Property sales down by 10.4% MoM in August
Property sales down by 10.4% MoM in August
There were 388,762 land register searches in August.
Cathay overhauls key roles in Southeast Asia and Oceania
Frosti Lau has been tapped as the regional general manager.
Manulife Hong Kong expands hospital access to 38,000 sites in China
It also extended its Credit Service for Hospitalisation to over 800 hospitals in China.
Hong Kong Insurance Authority sets 50% cap on broker referral fees
The HKIA warned that excessive referral fees could mask commission rebates.
Hong Kong launches silver bonds with 3.85% annual return
It has a target issuance size of $50b.
Hong Kong tourism rebounds with 23.6m visitors in H1 2025
The city recorded 23.64 million visitors in the first half of the year, or a 11.7% YoY.
Cheung Sha Wan site to be auctioned for $123m
The site spans approximately 4,800 square feet.
Retail sales rise 1.8% YoY in July 2025
Total retail sales estimated to have reached $29.7b.
IVD Medical acquires 20.31% stake in GoFintech Quantum for $3.142b
This marks the company’s move to elevate the on-chain financial ecosystem.
Hang Lung launches program to support young founders
The entrepreneurs also receive renovation support, marketing assistance, and access to promotional platforms.
Most HNWIs prefer hybrid model in wealth services: survey
Nearly 40% said they are interested in attending physical investment seminars.
Shoucheng Holdings posts 30% profit rise in H1
Total revenue rose 36% to $731m, whilst gross profit increased 26% to $295m.
Court convicts 23 SDU landlords for contravening relevant statutory requirements
One of the landlords committed 20 offences and was fined $22,400.
Futu opens largest HK store, rolls out institutional & private wealth service center
The 7,000 square feet flagship store in Causeway Bay spans two floors.
Landsea Green delays release of FY2025 interim results, suspends trading
It faces operational challenges due to the departure of key employees.
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.
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Commentary
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