Transport & Logistics
China Resources and Transportation Group posts $2.05b net profit in FY2024
China Resources and Transportation Group posts $2.05b net profit in FY2024
This was primarily driven by a $2.43b gain on debt restructuring.
Gov’t to subsidise procurement of 3,600 EVs
It will also provide at least 500 fast chargers throughout HK by the end of 2027.
Less containers, ocean vessel arrivals in Q3
The port handled 3.41 million TEUs of containers during the quarter.
Tuen Mun - Chek Lap Kok Link delay causes additional $1b cost
The delay was primarily due to interfacing issues and unsatisfactory reclamation works.
Transport receipts drop 12% in 2023
On a per establishment basis, receipts dropped 13.8% to $24.2m.
China courier group SF Holdings raises $5.83b on HKEX debut
Shares sold for $34.30 per share.
HK, Shenzhen tackle cross-boundary railway co-operation
Both sides have agreed to jointly set up an office for implementing cross-boundary railway projects.
Gov’t implements real-name registration to combat $2 scheme abuse
Nearly 10,000 were fined for attempting to abuse the scheme.
MTR Corp. loses Elizabeth Line contract
It will be taken over by GTS Rail Operations Limited.
Uber launches Uber for Teens and UberXXL in HK
Uber for Teens will be available starting 27 November.
Gov't receives 35 EOIs for eco-transit project in East Kowloon
It aims to invite tenders in 2026 and award contracts in 2027.
Raya Airways launches new Hong Kong route
It operates five times weekly.
Mobile Shop partners with Zand Bank for transport innovation
The two will deliver transport solutions via CabCab.
Kai Tak transit system attracts 30 EOIs
It drew interest from local, Mainland, and international companies.
HK industrial leasing demand remains sluggish
Third-party logistics firms and the automotive sector are leading leasing activity.
Hong Kong's industrial and logistics leasing demand remains...
2024 Policy Address: Gov’t promotes major transport infrastructure development
The construction of Hung Shui Kiu Station and NOL Main Line will commence this year and next year, respectively.
2024 Policy Address: Gov’t to strengthen trade, aviation and legal services
The validity period of multiple-entry visas for foreigners will increase to five years.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong