Rain Zhao Runtong
Nearly 65% of retailers utilise marketplaces
Nearly 65% of retailers utilise marketplaces
Only around 40% of retailers use their websites to sell.
Hong Kong logistics rental softens in H1
Tenants’ adjustment and tariff risks dragged rental prices and activities.
HKMA fines three banks for violating anti-money laundering policies
HKMA ordered fines and formulation of remedial measures.The Hong Kong Monetary Authority (HKMA) has conducted disciplinary action against Indian Overseas Bank, Hong Kong Branch (IOBHK), Bank of Communications (Hong Kong) Limited (BCOM(HK)), and Bank of Communications Co., Ltd., Hong Kong Branch (BCOM) for violating the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (AMLO) on 22 July.
New tax portals launched
This allows tax matters to be handled electronically.
Task force drafts proposed elderly-friendly building designs
Mandatory requirements for caring will be regulated in the first half of 2026.
Fast Charger Incentive Scheme to be launched on 25 July
Around 3,000 fast chargers are expected to be in service before the end of 2028.
Hong Kong inflation slows in June
Composite CPI continue to increase by 1.0% year-on-year.
Tender for industry sites in Yuen Long and Hung Shui Kiu cancelled
The government is taking a more pragmatic arrangements for the two industry sites.
Application for student hostel conversion begins
Streamlined application process and preferential area exemptions encourage stakeholders.
Hong Kong Airlines adds Xi’an to its route
It will open five return flights per week.
Gov't eyes simplified permitting process for car travel
Four amendments seek to facilitate and simplify arrangements for cross-border vehicles.
Women mentoring scheme begins
Over 80 female university students will be guided by 50 women leaders.
140,000 recruited for chronic disease screening: Secretary Lo
Of this, 80,000 have completed screening.
Leoch International Technology issues profit warning
Profit attributable to shareholders will likely decrease 60% to 80% year-on-year.
Hong Kong office performance declines sharply in Q2
Rental dropped by 7% year on year and is expected to continue.
Company registrations hit record 1.49 million
A total 1.49 million local and 15,509 non-local company registrations were recorded in Hong Kong.
Works on Oyster Bay Station project suspended
The BD and EMSD assured the upheavals did not affect the supporting structure and operational safety of the railway tracks.
Commentary
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