Frances Gagua
Public housing rents to rise 10% starting 1 October
Public housing rents to rise 10% starting 1 October
Increases could be as low as HK$49 to HK$572.
Hong Kong hits record 1.44 million local companies in H1
A total of 324 licenses were given out to trust or company service providers.
ZA Bank rolls out reserve banking services to stablecoin issuers
It has on boarded RD InnoTech and is onboarding 10 other issuers.
Standard Chartered bolsters private banking team in Hong Kong
Two managing directors and three executive directors are joining the team.
Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime
The bank surpassed $1b in transfer turnover from Web3 clients in 2023.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
ZA Bank unveils payroll service with limited-time coupon
With the coupon, users can earn HK$1,775 in interest for a 90-day period.
Hong Kong is world’s 10th largest green economy
It bested out Switzerland and Sweden in terms of market capitalisation.
Breadwinners burdened with finances of 3 dependents on average
Over 1 in 2 respondents manages the finances of spouses and parents/ in-laws.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Riviera Plaza in Tsuen Wan for sale
The plaza was completed in 1990.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Four offices in Clarke Quay Central for sale at $3,500 psf
The units can be sold individually or as a set.
Hotel COZi Resort Tuen Mun in New Territories for sale
The 14 storey property has 430 rooms and has a 90% occupancy rate.
Endowus Private Wealth offers HK investors access to 400 fund strategies
Over 400 fund strategies are made available to Endowus clients.
Hong Kong IPO market slated for resurgence in H2
PwC Hong Kong is “cautiously optimistic” for the market.
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Strategic location tips for playgroups and education centres