Hong Kong

Hong Kong’s Bank of East Asia inaugurates tower in Qianhai

It will serve as the bank’s strategic hub in the Greater Bay Area.

Hong Kong’s Bank of East Asia inaugurates tower in Qianhai

It will serve as the bank’s strategic hub in the Greater Bay Area.

3,000 retailers to sell designated bags for the MSW charging scheme 

These retail points include supermarkets and pharmacies.

Gov’t registers 14 land transactions in 4Q23

The transactions realised a total land premium of $492m.

Registered non-HK companies rise 2.02% YoY

There are 14,826 non-Hong Kong companies registered in the region by the end of 2023.

12,000 jobs, $4b boost: Unpacking Deliveroo impact on Hong Kong’s restaurant industry 

Six in 10 restaurants said the company helped them develop their business.

HKIA rules face 2024 overhaul, await legislative approval

There are four draft rules covered in the second round of consultation.

First floor of Hong Kong Diamond Exchange Building up for sale

The asset has a total floor area of around 3,600 sq ft.

Gov't to sell 2,359 green form GSH flats

Sizes of flats under the scheme range from 26 sqm to 60 sqm.

What are Hong Kong parents’ most preferred destinations for overseas education?

Seven in 10 plan to send their children abroad for tertiary education.

Business sentiment amongst SMEs improve in December

The current diffusion index on business receipts amongst SMEs increased to 45.5.

HKEX, Xi’an gov’t ink cooperation agreement

Under the MoU, parties will support Xi’an-based companies seeking a listing in Hong Kong.

Octopus expands taxi QR payments

Operators can now accept payments from UnionPay, AlipayHK, and Alipay.

Foreign property buyers increase in Hong Kong

Transactions involving three major stamp duties rose 46% MoM in December.

High-interest rates to hold back demand for property investments: CBRE

In 2023, the effective mortgage rate increased by 75 bps to 4.125%.

Gov't grants university title to Caritas Institute of Higher Education

The institution will change its name to Saint Francis University.

HK Chief Exec concerned over Cathay Pacific flight cancellations

The Transport & Logistics Bureau will be in contact with the airlines’ management, CE John Lee said.