News
Economy shrinks by 1.3% YoY in Q2
This marks the second consecutive quarter of GDP contraction.
Dah Sing Bank temporarily closes its Maritime Square Branch
It will reopen in 13 August.
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity.
Export and import volumes fall in June as prices soar in Hong Kong
Export volume dropped by 12.5% YoY whilst imports decreased by 6.9% YoY.
Population dips 1.6% in H1 2022 amidst persistent low fertility rates
The plunge in birth rate in the last two years was attributed to the COVID-19 pandemic.
Gov't launches new round of Fintech training, subsidy scheme
Subsidy for each approved project increased to $150,000.
Foreign domestic helpers entering HK to undergo a ‘3+4’ quarantine starting August 12
Under the model, workers will be quarantined for three nights in designated hotels.
Cathay Pacific narrows loss to $5b in H1
Progressive adjustments to COVID restrictions in Hong Kong aided the airlines.
Dah Sing Bank temporarily closes Mei Foo Sun Chuen Branch
It will reopen on 11 August.
HKEX lists first A-share structured products
The derivative warrants are based on the MSCI China A 50 Connect Index.
Social distancing measures in business establishments retained until Aug. 24
Bars and pubs will still need to operate at 75% capacity.
CLP Holdings records HK$4.9b loss in H1 2022
It saw a HK$3.9b loss in operating earnings.
App for easier compliance of Mandatory Window Inspection Scheme launched
Through the app, owners can find qualified persons to conduct window inspections.
Savills Hong Kong, Inspace XR partner for interactive 3D model use in real estate
The technology will be used for 17 Kai Cheung Road and 46 Sassoon Road projects.
Foreign currency reserves down to US$441.7b in July
This is over US$5m lower from the preceding month.
HKB Greater Bay Area Enterprise Awards 2022 is now accepting nominations
Submission of entries is until 4 November 2022.
Cathay Pacific to avoid designated airspace zones in Taiwan: report
This comes at the back of China’s recent live-fire military drills.
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