Staff Reporter
BEA and Hang Seng lower HKD prime rates following U.S. rate cut
BEA and Hang Seng lower HKD prime rates following U.S. rate cut
BEA will also cut its USD prime rate from 7.25% to 7.00% per annum.
HKMA adjusts base rate to 4.25%
It follows the 25-basis point downward adjustment in the funds rate of the West.
New license fees for private electric cars take effect 1 November
EVs’ annual licence fees are adjusted based on their rated power until February 2027.
Hong Kong retains 24th place in World Justice Rule of Law Index
However, the city saw slight declines in scores related to open government and fundamental rights.
Exports up over 16% in September
The trade deficit stood at $50.2b.
Hong Kong central bank names deputy CEO for exchange fund investment office
Goh previously worked in Goldman Sachs and J.P. Morgan.
Hong Kong water research centre opens for sustainable marine projects
The facility will stage water quality assessment and push for sustainable fisheries, amongst others.
APAC Realty enters Hong Kong through ERA franchise deal
The agreement adds Hong Kong to ERA’s 14 Asia-Pacific markets.
Hang Seng completes two phase-2 pilots under HKMA project e-HKD+
Hang Seng CEO Luanne Lim said the pilots demonstrated clear benefits in terms of efficiency and faster settlement.
Goodman Yuen Long Logistics Centre launched for sale
The lease was recently renewed on a long-term basis, generating an annual rental income of $62m.
Endowus secures $70m in funding, to accelerate Hong Kong growth plans
Leading investor Illuminate Financial noted Endowus’ fee-only, conflict free model.
Hang Seng Bank launches instant transfer service JustPay
Users can make voice recordings and send animated greetings.
HSBC’s profit after tax down 17.91% to $5.5b in Q3
Operating expenses rose, whilst banking NII rose and wealth performance was strong.
Cathay boosts pilot training capacity amidst $100b fleet modernisation drive
New A320neo simulator forms part of $100b investment plan.
Banks and MNCs boost Hong Kong office take-up, JLL says
Multinational tenants drive sustained demand in the Grade A segment.
Home prices hold steady as retail and office sectors soften: report
UOB Kay Hian sees resilience in housing but prolonged weakness in commercial demand.
First Andaz Hong Kong hotel to rise in Central Crossing in 2027
The hotel will featuring 125 guestrooms and suites.
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