Staff Reporter
AXA launches digital insurance with Ant Bank, AlipayHK tie-up
AXA launches digital insurance with Ant Bank, AlipayHK tie-up
It will use AXA’s portfolio and Ant Bank and AlipayHK’s “E-wallet X Digital Bank”.
Nomura gets SFC nod to offer five UCITS funds in Hong Kong
The five authorised funds consist of three equity and two fixed-income funds.Nomura Asset Management Co., Ltd. has received authorisation from the Securities and Futures Commission (SFC) of Hong Kong to market five UCITS funds to retail investors.
Property investment market slumps as investors stay cautious
Office and retail transactions declined from the previous quarter’s high base.
High street rents rise by 2.6% YoY in Q1
Central led the performance, with rents increasing by 1.9% QoQ.
Hong Kong real estate faces mixed outlook for 2025
Grade A office vacancies are expected to rise as new supply enters.
Grade A office market sees 3% QoQ rent decline in Q1
Demand shifted towards spaces under 4,000 sq. ft. NFA.
Four Tsuen Wan Industrial Centre floors for sale via public tender
The property has an estimated market value of $650m.
Hong Kong Tramways to raise fares starting 12 May
Passengers aged 12 or above will now pay $3.3 for a ride.
Government approves Northern Link Main Line railway scheme
The line will serve as the primary transport backbone for the Northern Metropolis.
18 strategic firms to establish HQs in Hong Kong
These firms span sectors such as advanced manufacturing and new energy technology.
Hong Kong to update virtual asset policy
It will focus on Web3 innovation.
Kwai Chung hotel up for sale for $1.38b via public tender
It has a gross floor area of 292,961 square feet.
Startup funding sinks 70.72% MoM in March
Year-on-year, funding fell by 17.53%.
Lands Department issues 6 pre-sale consents in Q1
Three developments are slated for completion next year.
Foreign currency reserves total $3,209.9b in March
This is a slight decrease from$3,236.3b in February.
Vivian Cheung appointed Airport Authority CEO for 3 years
The appointment is effective immediately.
Lawsuit looms over Panama port deal linked to CK Hutchison
The agreement was last renewed in 2021.
Commentary
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