Staff Reporter
Hong Kong backs new exit endorsement for talent policy
Hong Kong backs new exit endorsement for talent policy
The policy will facilitate talent exchanges between Mainland China and Hong Kong.
Hong Kong retail sales to climb by 13% in 2023: report
It is projected to amount to HK$395b (approximately US$50.3b).
Dealmaking suffered in 2022 with 41% drop
Trading volume reached US$6.7b.
Free-flow tolling service to be installed in Tsing Sha Control Area
It will be installed on 26 February.
‘Sluggish’ economy drags residential market: report
The overall stamp duty revenue dropped 41.9%YoY in 2022.
HK fosters cooperation with Saudi Arabia
CE Lee discussed possible collaboration on I&T development.
Foreign currency reserves hit US$436.9b in January
It expanded from the US$436.9b record in December.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
HK-Mainland travel fully resumes
Given the resumption, the quota for cross-boundary travellers has been scrapped.
Retail sales value increases 1.1% YoY in December
The total value stood at $33.7b.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
GSS Energy, MECOM partner for EV business dev’t in Southeast Asia
They will focus on Singapore, Thailand, Indonesia, and Malaysia.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
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