News

HKMA warns of prolonged high interbank rates

The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.

Govt to launch eMPF platform in June

The platform will reduce admin costs.

Gov’t to cut taxes on salaries and profit for FY23-24

In FY2023-24, the government sent out 2.44 million tax returns.

Construction sector stagnates due to rising costs and competition

Private and non-private residential construction works also fell in 1Q24.

SFC probes Segantii for insider trading charges

The SFC pressed charges against the firm, its founder, and former trader.

Hong Kong Life promotes wealth transfer with new plan

It includes features like flexible death settlement options.

Health department greenlights Nefecon for adult IgAN Patients

Hong Kong is the fourth jurisdiction that approved the use of Nefecon.

Mortgage loans in negative equity surge to 32,073 in Q1

The total value of residential mortgage loans rose to $165.3b.

Evergrande stalls 2023 annual results release

The company also warned of possible delays in the 2023 report distribution.

Statutory minimum wage to undergo annual review

The government will review the minimum age through two indicators.

Job title inflation trend fading in Hong Kong

About three in 10 employees practice job title inflation.

Retail rents up 1.8% QoQ in 1Q24 amidst tourism surge

Tsim Sha Tsui led submarkets with a 2.6% increase.