Staff Reporter
Financial instability curb spending and consumers turn to credit
Financial instability curb spending and consumers turn to credit
Two in five consumers expect to be unable to pay their current bills and loans in full.
Enhanced industry regulatory scheme for marketing calls launched
This includes requiring telemarketers to provide their names and contact numbers upon recipients' requests.
Exports value climbs 14.8% in May
There were significant gains in electrical machinery.
Hong Kong-Armenia tax treaty to ease investor tax assessment
The pact will also expand Hong Kong's tax treaty network.
Valuetronics invests $7.7m in AI JV with SinnetCloud HK
Valuetronics will hold 55% interest in the JV.
BioMap secures HKIC funding to boost AI and biotech in Hong Kong
The startup is working on expanding its presence in the city.
Hong Kong ranks second most expensive city for high-net-worth individuals
It ranks behind Singapore.
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
4 in 5 workers report improved well-being with hybrid work
Due to its benefits, 80% strongly prefer a hybrid work setup.
Hongkong Land debuts new shopping mall in Chengdu
The mall is Hongkong Land's first development in the city.
Hang Seng Bank launches $80b green financing solutions fund
The bank also launched green assessment and knowledge advocacy programmes.
SetupHK launches $1 Company Setup Programme to attract startups
The programme offers licenses and permits assistance, amongst others.
New shipping safety standards to meet international guidelines
Proposed amendments aim to set safety standards for ships and personnel.
Gov’t addresses food waste recycling bin disruption
The government requested an incident report within seven days to prevent recurrence.
Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Consumer prices rise 1.2% YoY in May
Prices rose faster in May compared to April.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
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