Frances Gagua
New citizen travel card launched for Hong Kong & Macao permanent residents
New citizen travel card launched for Hong Kong & Macao permanent residents
The card will begin getting issued on 10 July.
Over 5,800 apply for light public housing
About 4,440 units will begin to be rolled out in Q1 2025.
Hong Kong IPO market plummets to lowest in two decades
IPOs in Hong Kong only raised $1.5b to date, 35.2% lower than in H1 2023.
Hong Kong Airlines launches new route to Xining
Beginning 8 July, the airlines will fly to and from Xining every Tuesday and Saturday.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
Dah Sing Bank unveils multi-currency debit card
It covers 11 currencies and has no annual fee.
Hongkong Land can afford bill for $3.1b Landmark upgrades
Capex will rise in the short-term, but retail income will rise long-term.
Trade, tourism buoy Hong Kong’s economy to 3.3% growth in 2024
Resilient labour market conditions will also help drive the economy up.
Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
Investment banking layoffs intensify as IPOs and M&As dwindle
No, they are not headed to Singapore to hunt new jobs.
Credit Data Smart ushers in new era of credit scoring
It’s expected to promote healthy competition and improve credit knowledge of locals.
Fintech Aspire clinches money service operator license in Hong Kong
It aims to facilitate cash management and money transfers of local SMEs.
Hong Kong’s rich investors seek more risk for more returns
About 1 in 3 investors said that their current investment returns have room to grow
Shacom Bank face profit strains amidst elevated asset risk
Moody’s Ratings has changed the bank’s outlook to negative.
BEA offers up to HK$100,000 benefits to new CIES clients
BEA Private Banking will waive selected fees for clients who invest at least HK$30m.
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Strategic location tips for playgroups and education centres