Noreen Jazul
China’s EV battery giant CATL to set up HQ, R&D centre in Hong Kong
China’s EV battery giant CATL to set up HQ, R&D centre in Hong Kong
CATL plans to employ 500 workers in Hong Kong within five years.
Swire Properties will buy back shares worth $6b from the open market
It will commence its buyback programme on 6 December.
Cathay buys back 50% of preference shares it issued to the gov’t
It plans to buy back the remaining shares by the end of July 2024.
ESR applies to list logistics REIT on the Shanghai Stock Exchange
The REIT will handle three projects in Kunshan, Jiangsu Province.
2023 sets the record for most failed bids in Hong Kong’s land supply history
Six of the nine tenders this year were unsuccessful.
Retail sales value rises 5.6% YoY in October
The total value stood at $33.8b.
Gov’t logs $172.9b deficit
The figure covers the first seven months of the current financial year.
Hong Kong needs to act to keep its global maritime hub status afloat
As of 2023, Hong Kong maintains a 2.4% share of the world fleet in terms of vessel numbers.
Sustainable fuels not a silver bullet for shipping decarbonisation – experts
The shipping industry can only achieve a 2.8% emission reduction, even if it uses 54% of the world’s renewable energy.
6 in 10 transport and logistics players report environmental requirement gaps with clients
The environmental requirement gap between players and clients is 12%.
Mainland’s clampdown on IPOs likely to boost listings in Hong Kong
Amongst Chinese companies to be slated in the Hong Kong Stock Exchange is Alibaba’s logistics arm.
Navigating challenges and seizing opportunities in Hong Kong’s self-storage sector
Hong Kong’s self-storage business evolved in four distinct stages. It first emerged in the mid-1990s when the concept was introduced from the US. The second stage saw rapid expansion, driven by rising demand due to the decreasing size of Hong Kong homes.
Unemployment rate rises to 2.9%
There were 115,800 unemployed people from August to October.
HKEX cuts paper use, document requirements in revamped listing regime
Despite eliminating signatures, the streamlined listing process imposes new legal advice requirements for accountability and integrity in submissions.
What you need to know about HK’s bill on tax certainty enhancement
The bill was gazetted on 20 October.
HK halts import of poultry meat and products from certain US areas
In 9M23, HK imported 21,740 tonnes of chilled and frozen poultry meat from the US.
HK’s deal volume drops 22.5% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers