News
GBA to form an online dispute resolution platform
The platform will integrate information and resources related to mediation and arbitration.
GBA to form an online dispute resolution platform
The platform will integrate information and resources related to mediation and arbitration.
Klook bags US$210m funding
Bessemer Venture Partners led the equity funding round.
Hong Kong students outperform peers in scientific and mathematical literacy
Students ranked 4th and 7th in the respective categories.
Gov't sets up Hong Kong Academy for Wealth Legacy
The institute will focus on four key areas.
6 in 10 employees want more support from employers on health and well-being
Employees cite five preferred elements of health programmes from employers.
Finance, consultancy, legal, and tech firms drive in-office catering
In 10M23, Deliveroo recorded a 33% YoY growth in average order value.
China’s EV battery giant CATL to set up HQ, R&D centre in Hong Kong
CATL plans to employ 500 workers in Hong Kong within five years.
Hong Kong publishes revised code of banking practice
Institutions are expected to achieve full compliance within 6 months.
Two extreme typhoons push claims incurred to HK$1.9b – HKIA
Property damage and motor businesses were the two most affected lines of business.
HKIA seeks public input on subsidiary legislation for risk-based capital regime
This consultation comes after the implementation of the Risk-based Capital (RBC) regime.
65% expect surge in insurance M&A in HK and S’pore for 2024: Survey
Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.
Hong Kongers used credit cards more on average in Q3: study
Card origination volumes contracted, but average card limits are higher.
Swire Properties will buy back shares worth $6b from the open market
It will commence its buyback programme on 6 December.
Cathay buys back 50% of preference shares it issued to the gov’t
It plans to buy back the remaining shares by the end of July 2024.
HK’s total gross premiums dip 1% in the first nine months
Hong Kong’s long-term or life business experienced a contraction, whilst the general business witnessed growth.
Hong Kong, Thailand launch cross-border QR payment service
HSBC and Bangkok Bank serve as settlement banks.
Prime hotel, industrial building in East Kowloon up for sale
The properties are sold for $2.22b and $180m, respectively.
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