Staff Reporter

HK, Saudi Arabia ink investment promotion pact

The pact will strengthen economic relations between the two markets.

GBA to form an online dispute resolution platform

The platform will integrate information and resources related to mediation and arbitration. 

Klook bags US$210m funding 

Bessemer Venture Partners led the equity funding round.

Gov't sets up Hong Kong Academy for Wealth Legacy

The institute will focus on four key areas.

6 in 10 employees want more support from employers on health and well-being

Employees cite five preferred elements of health programmes from employers.

Finance, consultancy, legal, and tech firms drive in-office catering 

In 10M23, Deliveroo recorded a 33% YoY growth in average order value.

China’s EV battery giant CATL to set up HQ, R&D centre in Hong Kong

CATL plans to employ 500 workers in Hong Kong within five years.

Hong Kong publishes revised code of banking practice

Institutions are expected to achieve full compliance within 6 months.

Two extreme typhoons push claims incurred to HK$1.9b – HKIA

Property damage and motor businesses were the two most affected lines of business.

65% expect surge in insurance M&A in HK and S’pore for 2024: Survey

Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.

HKIA seeks public input on subsidiary legislation for risk-based capital regime

This consultation comes after the implementation of the Risk-based Capital (RBC) regime.

Hong Kongers used credit cards more on average in Q3: study

Card origination volumes contracted, but average card limits are higher.

Swire Properties will buy back shares worth $6b from the open market

It will commence its buyback programme on 6 December.

Cathay buys back 50% of preference shares it issued to the gov’t

It plans to buy back the remaining shares by the end of July 2024.

Hong Kong’s Green Revolution: A New Era of Sustainable Development

Racing against the climate clock, Hong Kong is taking decisive action. With a bold goal to slash carbon emissions by 50% within the next decade, and a vision for carbon neutrality by 2050, Hong Kong is leading the charge in the battle against global warming.