Staff Reporter

Hong Kong rejects negative credit outlook rating

Moody's downgraded Hong Kong’s outlook rating from stable to negative.

Gov’t expands elderly service network

About 140 private residential homes will now provide day respite services.

Henderson Land, Towngas mull collaboration on smart energy solutions with Saudi Aramco 

The parties are already exploring potential international collaborative model in areas such as biofuels.

Deliveroo Hong Kong taps Nick Price as new general manager

Price will oversee Deliveroo’s business in the city. 

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.